Yen, Bonds, Metals all getting along today for once. Camarilla range fully explored. GLDSLVGDXGDXJ
Note
Whenever you see a range explored between the CAM S3 and R3 pivots on ANY time frame, the general move after is a mean reversion to the previous period's close, which in this case is the 2017 close.
Note
The circled pivots above are Camarilla Year S3 and R3. XAUEUR completely pinned (for now) between them.
Note
Major give back in the last 48 hours.
Note
The entire price history after topping out near Year CAM R3 looks like a pretty good bearish impulse wave.
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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.