Where price heads

After the entry, price runs at the levels below. Those levels have a name, and marking them is what turns a set of tools into a map.

You are short from the break at 2,415. The next question is what price does afterwards, and the chart already answers it.

Look at what is stacked below

Under the entry there are three marks already on your chart.

The fair value gap at 2,404 to 2,412, meaning the range price skipped on the way up. The previous low at 2,396, with orders resting under it. An older low beneath that at 2,391.

Figure 1 · Gold falling from the 2,440 sweep through the break at 2,415, with the 2,404 to 2,412 gap shaded and the old lows at 2,396 and 2,391 marked below it

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