MONTHLY TREND IS DOWN
PRICE HAS RALLIED IN MARCH INTO A MONTHLY RALLY BASE DROP SUPPLY ZONE
MOST APPROPRIATE ACTION(S):
EXIT ANY COUNTER TREND LONGS TAKEN FROM LOWER
PRICE LEVELS
BEGIN TO LOOK FOR SELLING OPPORTUNITIES ON
ENTRY TIME FRAME (DAILY CHART/4HR CHART)
IGNORE TREND CHART - BECAUSE FOR PRICE TO GET
TO MONTHLY SZ THE TREND MUST BE EITHER UP OR HIGH UP IN A CONSOLIDATION
DAILY CHART:
DAILY TREND IN CONSOLIDATION
SUPPLY CREATED, DEMAND VIOLATED
REMEMBER WHERE PRICE IS AT IN THE
BIGGER PICTURE (MONTHLY SUPPLY)
MOST APPROPRIATE ACTION:
CURRENTLY, ENTRY CAN ONLY BE INSIDE THE ZONE BECAUSE THERE ISN'T A LARGE ENOUGH
PROFIT TARGET TO EXIT PRICE YET
IF PRICE MOVES DOWN TO THE 83.20S THEN TRADE IS ON
PRICE HAS RALLIED IN MARCH INTO A MONTHLY RALLY BASE DROP SUPPLY ZONE
MOST APPROPRIATE ACTION(S):
EXIT ANY COUNTER TREND LONGS TAKEN FROM LOWER
PRICE LEVELS
BEGIN TO LOOK FOR SELLING OPPORTUNITIES ON
ENTRY TIME FRAME (DAILY CHART/4HR CHART)
IGNORE TREND CHART - BECAUSE FOR PRICE TO GET
TO MONTHLY SZ THE TREND MUST BE EITHER UP OR HIGH UP IN A CONSOLIDATION
DAILY CHART:
DAILY TREND IN CONSOLIDATION
SUPPLY CREATED, DEMAND VIOLATED
REMEMBER WHERE PRICE IS AT IN THE
BIGGER PICTURE (MONTHLY SUPPLY)
MOST APPROPRIATE ACTION:
CURRENTLY, ENTRY CAN ONLY BE INSIDE THE ZONE BECAUSE THERE ISN'T A LARGE ENOUGH
PROFIT TARGET TO EXIT PRICE YET
IF PRICE MOVES DOWN TO THE 83.20S THEN TRADE IS ON
Be careful what you think because your thoughts run your life..King Solomon
