Long gold. Fibonacci levels and interesting wick...
https://www.tradingview.com/chart/Uv4oNJNy/
The following chart describes the Fibonacci levels that are current. The green boxes identify similar consolidation pattern.
November 25th 2014 was the time of a flash crash as per data found. It is also around the time SPX started forming a round top.
Use IDC feed to see the long wick marked here with red arrow, date 25th of November 2014. It is a scar left by that flash crash however short it was, it triggered a buy algorithm that made the candle go to that level. I suspect it was quickly brought down.
That wick effectively punctured several Fibonacci levels.
Gold is now reacting on fear and if I am correct, will no longer go down with SPX. A key psychological barrier has been breached.
The following chart describes the Fibonacci levels that are current. The green boxes identify similar consolidation pattern.
November 25th 2014 was the time of a flash crash as per data found. It is also around the time SPX started forming a round top.
Use IDC feed to see the long wick marked here with red arrow, date 25th of November 2014. It is a scar left by that flash crash however short it was, it triggered a buy algorithm that made the candle go to that level. I suspect it was quickly brought down.
That wick effectively punctured several Fibonacci levels.
Gold is now reacting on fear and if I am correct, will no longer go down with SPX. A key psychological barrier has been breached.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.