Oil gold Tesla

2 באוק׳

10 2 24 I started with crude oil looks like it might go higher and might be what some people would call a spike trade which will drive the market much higher. I listen to the video before I uploaded it and I made a mistake regarding Spike trades which look for the market to double the range of the Spike... not triple the range. gold is in a Range box and in this example I have two different size range boxes and I completely cleaned the chart and Drew it using the tools that I look at and then I discussed the details and then you can decide if using range boxes and ABCD patterns Etc work for you. I think the gold market has an ambivalent set up and that the market might go higher or lower.... and that's not bad because it tells me I don't know what the true advantages for me at this point...so if I was not in the market I wouldn't make a decision to trade it at this point. if I were already long in this market it is conceivable that I would say to myself to take the money if I were already profitable and wait but that is a personal decision based on personality as much as anything. my experience is that if you use the tools that I'm using and there will be times when you're not sure about a trade but you will find great setups that you're pretty well certain are good trades and that's usually when markets have been moving higher and they come back to a support area and now you're seeing a two-bar reversal going higher........but if you can be patient with bullish markets that are making new highs and you can wait for the buyers to give up on the market.... these are very good trades as well but they're tougher to trade.