Posted by chartboy on 31st of Mar 2021 at 01:35 pm
Here you can see another significant indicator of the importance
of today’s move. We are getting a “reversal of a reversal”.
Specifically, yesterdays action created a muti-week bearish island
reversal...which itself is being reversed today.
Posted by chartboy on 31st of Mar 2021 at 01:59 pm
In simple terms yes. Securities should be above the cloud in
uptrends. However, in this particular case, the appropraite time
frame to catch a reversal of this nature would be on a very short
term chart. On those charts the cloud configuration would be
bullish.
GLD filled yesterday gap
Posted by chartboy on 31st of Mar 2021 at 01:29 pm
Here you can see another
Posted by chartboy on 31st of Mar 2021 at 01:35 pm
Here you can see another significant indicator of the importance of today’s move. We are getting a “reversal of a reversal”. Specifically, yesterdays action created a muti-week bearish island reversal...which itself is being reversed today.
“Second Mouse Gets the Cheese”
Is it prudent to wait
Posted by retirefire on 31st of Mar 2021 at 01:49 pm
Is it prudent to wait for GLD to break above the cloud and find support above it. I'm not familiar with Ichimoku. Homework.
In simple terms yes. Securities
Posted by chartboy on 31st of Mar 2021 at 01:59 pm
In simple terms yes. Securities should be above the cloud in uptrends. However, in this particular case, the appropraite time frame to catch a reversal of this nature would be on a very short term chart. On those charts the cloud configuration would be bullish.
noted, I thought that so.
Posted by retirefire on 31st of Mar 2021 at 02:08 pm
noted, I thought that so. Thanks again
Welcome, any time.
Posted by chartboy on 31st of Mar 2021 at 02:08 pm
Welcome, any time.