Saturday, May 12, 2018

Gold Futures CFD - 'Weekly Technical Analysis' - Range - Week 3 of May 2018.
 W C
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Introduction & Primer to Ichimoku can be read at this link > click.


Index makes a Higher High and a Double Top, then falls into a range between the red and blue line.
Chikou Span stays deflected off the price line.


Bulls after making a Larger Wave Higher High, now seek to make a Higher low.
Bears hope to get below the red and blue range and make a lower low, below the Kumo.


Fibonacci 100% and life above the red and blue range, is the Bull plan.
Bears seek a lower low (sub 1238) below the Fibonacci 61.8%.