Short GLD Bearish Butterfly

2020年6月22日

Short GLD in the PRZ zone (165.68-167.74) . Take profit at the 38.2 retrace (155.02) and after look for 61.8 at (147.77). With the macro backdrop you could get an overshoot to the long term fib at 169.49 and also a possible smaller time frame deep crab with a 168.45 to 171.12 PRZ. Stop above 171.12

2020年6月23日

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Trade info update overnight will lead to a pop in Gold, but dollar strength with help with the other all thesis. Look for that long term fib touch for short opportunity

2020年6月23日

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*Overall thesis

2020年7月22日

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Shorted today at 175... Been waiting on this one. Looks strong, but seems overdone to me finally

2020年7月23日

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Silver rip got me out of short for lunch money... of the IV... It didnt really dip. This was a failed trade. Thank God I didnt enter until later and Silver saved me. Silver was a better short and I move all the funds to that