F
fibo_trader
What would Charles Bassetti do? Charles would wait for the dark yellow trendline to be took-ed out, then and only then would he go LONG.Like at this very particular juncture ...................... in real time ....................
Short short short has been the way to be but Gold has now generated a double bottom on the Daily & 1H. It gets confirmed if the top of the pattern is taken out with aplomb. Then and only then will Fibo take short profits and close out the Short and fck off to a BEAR cave and get drunker than a skunk and party for days/nites.
Until that even occurs Fibo's stance/Trades remain SHORT
The double bottom origins were generated where they standard text book play at a huge support level aka the 38.2% Fibo level. Its huge. This level has the magic of 61.8% and is her sister. She commands the respect of Fibo bigtime.
Gold has now gone up to the 200-hour ema and is brutalizing it. Can she pass it northbound?
Gold daily chart horizontal support is 38.2% and rising busted trendline is to show the gravity of the situation at this key juncture. Boardroom directors have to make decisions based on stuff like this in real time or on the daily timeframe. We get paid according to the brass-icity in our balls and the depth of our low frequency growls in the ear of a female during intercourse that sends her to the MOON.
That's how it is, baby.
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Charles is the author and editor of the Bible of TA, a college textbook that Charles sais ought to take years to study as it is a tons of meat and thick, thick, thick and has tons of pages and charts and concepts. Just the support/resistance chapters are equal to most other BOOKS in their entirety. that's how huge it is.
What else did Charles say? The Bible cannot be read as novel, a light book for fun entertainment, it must be STUDIED saaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaalllllllllllllllllllllllllllllooooooowwwwwly!
Wrong! An Engineer ought to be able to knock it down in one month, 8 hours/day study. Fibo did it in 13 days at 14 hours/day. Then fcked off to the mountains to take a break.