Hii 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.