Looking for a break below the candlestick that is before the inside bar.
There was a nice retrace to the 38.2 fib level and 20 MA. GLD bounced from those levels with 2 solid bear moves, and the volume was solid for both.
If GLD breaks below the low of the 1st candle, I will enter short and possibly take a 2 target trade.
There was a nice retrace to the 38.2 fib level and 20 MA. GLD bounced from those levels with 2 solid bear moves, and the volume was solid for both.
If GLD breaks below the low of the 1st candle, I will enter short and possibly take a 2 target trade.