This is my analysis on gold
first i used green monthly trend line if it breaks market will go down . if comes toward the mean of the line or say pullback in uptrend is consider .
and price touches red color resistance zone almost 6 times . if it breaks and retrace is consider as perfect breakout . so wait for breakout .
and i use Hikanashi to show...
trend line always gives you best risk to reword if made good entry
on 17march national aluminum given a good technical trade setup where price is over trend line and made hammer on trend line with conformation of same time hammer on 50days moving average and also here is a support level of 114 (drown red horizontal line)
chart already explaining every thing it...
All explanation are mentioned in the chart itself but i am still repeating it.
1. Major trend line is broken.
2. Stock is present at the neck line of head and shoulders pattern.
3. Volumes are decreasing.
So traders , you are smart enough to guess the move.