XAUUSD Daily Island Reversal, Bearish Shark

Am short looking for two targets to re-establish longer term long positions
Final short target will be the 78.6% retracement which is also a gap close and the zone for a 2618 trade

If it gets there I am planning to buy again into a longer term position long

Market may be forming a weekly triangle and the $41-$42 high may be resistance going forward so will take partial profits on any longs prior to this and play the range

Kommentera:

incorrectly noted XAUUSD, should be CL1! Curde Oil
Minor Oversight as currently swing short both.... technical view on this is unchanged

Trade stängt: målet nått:

Target 1 hit, trailed second stop to BE

Kommentera:

This pattern could better be described as a Nen-star pattern at 127.2% extension of X-A
Final target lower is 29.64 based on the gap here although not sure if it will reach it... we will see