there is not even 1 red candle in the top right now, want to gamble with 2680 red candle next week? is there any requirement to retest ma 55 on weekly?
updating my old SPX chart 1. add retest to MA100 then bounce 2. add retest ma200 and then bounce again 3. tops box = volatility box might hit there but safe it for later
tesla possibly retest 338.5 resistance and gap after triangle PA I want to predict a bearish trend but I notice this is more likely to hit 338 now
MA 100 = blue MA 200 = red the circle = same pattern issue a mini divergence on RSI 1. stochastic still topped, that's why no signal to retest MA 100 yet when stochastic reversal it will retest MA100 2. MA100 is quite strong (if still a bullish trend) 3. MA 200 will be retested in my opinion but lets focus on MA100 first because there is still higher high...
potential retrace down to 2680 or 2660 early weak bullish signal, but looks like it just support retest before making bull flag again
blue red cycle sideway with red always make double bottom pattern, sometime triple bottom this is gold TBH it can tell which one annoying sideway (red one) problem: no visible reversal signal
middle east tension break 2628 resistance Israel attack Syria Iran threatened attack US allies Israel ready to attack Iran
Will see it as bull trap But monitoring momentum later to see momentum weak or not
momentum bearish, 36 support 49 resistance, untested 52 momentum not valid yet 1h want 2 red candle 4h want 2 red candle too if both TF happen then we will see momentum bearish to 36 the key is 49 resistance and 1h candle close 2 red candle or not
43 might be temporary resistance for now 49 and 53 not long term bull signal, bull signal if 61 retest and break out
Lebanon war seen as NEW WAR so we will see high-record gold, crypto, SPX, and other commodities related to Middle East the cons of this new chart is every war (Ukraine, Gaza, Lebanon) always make bullish trend signal in the first 1-2 week
just a precaution, maybe retrace down after 2650-2670$ because 1. untested support 2. left side fibo maxed 3. RSI maxed no solid TA on this chart just a small possible risk
there is resistance from 2613-2616 last resistance before 2634-2641
73 should become resistance to drop to 53 or 58 but it still possible hit 77,78,79 still in my opinion today will make red candle again that's why monitoring 53 and 58 I don't mark 64, but 64 also important zone support
retest 64 done, retest 77-78 again daily still red as long price under 85 next daily can still bearish trend again
for me the key of long term PA based on how low the drop from 2nd daily red candle as long 82 resistance strong and 4H keep making red candle momentum still bearish the problem with gold for months indicator keep floating sideway in mid zone but right now even with 82 retest still no bullish breakout signal either need above 85 as bullish breakout signal, or...
monitoring all dojo resistance support on 1H 4h right now topped but daily not topped yet and weekly too
failed to make 2518 as resistance next will see 2640 area testes possible to see 2744 or 2798, because no proper retrace down = strong bullish trend