This may have a lot of stored energy.
Posted 29 July 2021 - 10:53 AM
This may have a lot of stored energy.
Posted 29 July 2021 - 10:56 AM
What does "P&F" mean in this context, thanks.
Posted 29 July 2021 - 12:18 PM
Posted 29 July 2021 - 12:26 PM
Thanks Slupert, I get it now that it's P&F levels transcribed to a candle chart.
Posted 29 July 2021 - 01:22 PM
Sorry that I didn't explain P&F. (I call it Caveman trading because of it's simplicity in seeing breakouts and breakdowns.)
If you scroll down to the very bottom of Stockcharts,com charts you will see:
"The old-school charts with Xs and Os that automatically filter out financial market noise"
https://school.stock...arts:pnf_basics
Edited by Rogerdodger, 29 July 2021 - 01:23 PM.
Posted 29 July 2021 - 01:24 PM
Does gold need a wakeup call?
Posted 29 July 2021 - 02:43 PM
NUGT moves a bit differently than actual gold or miners.
I think it is more inhabited by short term day traders.
Obviously NUGT is at a resistance that might be broken...or not.
It could be reflecting the scorched shorts from yesterday's FED blab still exiting.
Today it stopped at that resistance and retreated a bit.
GLD had a "High Pole Warning" back on June 17th and is currently meandering.
Gold is up today ~$20 but is also drifting in a range.
(Yesterday's GOLD close:)
Edit:
Today's close shows the next 2 resistance levels at 1840 and 1850.
Edited by Rogerdodger, 29 July 2021 - 06:39 PM.
Posted 06 August 2021 - 12:46 PM
Looks like yesterday's open was a bull trap on Nugt.
8/5/2021 P&F: High Pole Warning
Edited by Rogerdodger, 06 August 2021 - 12:48 PM.