Hello world,
here my checklist for a possible gold long set up.
* HT (weekly)
* major trend direction
* 50 EMA
* RVI 50 > 30
* Key support & resistance levels (red)
* in Wykoff expansion/trend phase
* Identified last contraction phase
* DT (4h)
* Identified last wykoff contraction phase
* average price contrary to trend
* Sup./res. levels (blue)
* Momentum loss
* 14 RSI < 35
* Price action
As soon as the price drops below the contraction average of the last contr. phase I am looking for long entries.
Bold bulletpoints without an "x" are the factors I am waiting for.
All the best,
c4ss10p314
here my checklist for a possible gold long set up.
* HT (weekly)
* major trend direction
* 50 EMA
* RVI 50 > 30
* Key support & resistance levels (red)
* in Wykoff expansion/trend phase
* Identified last contraction phase
* DT (4h)
* Identified last wykoff contraction phase
* average price contrary to trend
* Sup./res. levels (blue)
* Momentum loss
* 14 RSI < 35
* Price action
As soon as the price drops below the contraction average of the last contr. phase I am looking for long entries.
Bold bulletpoints without an "x" are the factors I am waiting for.
All the best,
c4ss10p314
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