$2 DOLLAR pullback on the daily GCG2018
The Daily chart shows very strong first leg with a small pullback, buyers are in control.the length of the first leg is predictive of the second leg
the daily is also very strong this is a nice bull rally. was good to see it strong at the end of the day and a three day weekend.(just a two dollar wick on top of the candle)
the 5 minute chart shows a two dollar sell off at the end of day. to be expected. price is just above the 36EMA 1338.3 the last time it touched the 36 EMA was 1329 and it stayed above it. my bias is long so looking for entry opportunities.
the daily is also very strong this is a nice bull rally. was good to see it strong at the end of the day and a three day weekend.(just a two dollar wick on top of the candle)
the 5 minute chart shows a two dollar sell off at the end of day. to be expected. price is just above the 36EMA 1338.3 the last time it touched the 36 EMA was 1329 and it stayed above it. my bias is long so looking for entry opportunities.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.