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Nice work FB it may sound outrageous but I think $3500 us by...

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Mikey2free

1,070 Posts.

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20/04/24

16:04

Post #: 73438846
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Originally posted by FishingAndBeer: ↑

50% retraces are very common in a bull market probably the most common in early to mid stage of it, im not suggesting to trade on them, picking perfect top and bottoms is pretty much impossible

XAUUSD daily.. a lot of upper wicks in the last 6 days, 2nd time hit a lower high.. actually that line was where i was guessing it might stop on the first peak
if it breaks to a new high in USD from here then i'd have to pick new levels for retrace levels.. but for now it looks like it needs a breather. it also matches the approx break out of the 2008 low inverse head and shoulders before its first rest as a % move.
it could do a 4 to 6 week pullback and go again and it wouldnt even be seen on a quarterly candslestick, nothing goes in straight lines without pullbacks along the way

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Nice work FB it may sound outrageous but I think $3500 us by November then the whole market complex falls out of bed but I won't short Gold lol just the indices glta

Last edited by Mikey2free: 20/04/24

BCN Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.9¢		Change 0.000(0.00%)		Mkt cap ! $108.9M

Open	High	Low	Value	Volume
2.9¢	2.9¢	2.9¢	$865	29.83K

Buyers (Bids)

No.	Vol.	Price($)
12	3650194	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	60014	2

View Market Depth

No.	Vol.	Price($)
12	3650194	0.028
3	4110000	0.027
2	2800000	0.026
5	340350	0.025
3	1100000	0.024

Price($)	Vol.	No.
0.029	60014	2
0.030	4220055	13
0.031	6212011	11
0.032	3516998	7
0.033	3344155	8

Last trade - 15.36pm 03/05/2024 (20 minute delay)


Last 2.9¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
2.9¢	2.9¢		2.9¢	20000
Last updated 15.16pm 03/05/2024 ?

BCN (ASX) Chart