Weekly Analysis

Weekly AnalysisLeçon 7 sur 106 min de lecture

Until proven wrong

The second market, where the weekly and the daily point opposite ways, which of them the week is traded on, and the close that would change the answer.

The second market is gold, and its charts disagree with each other in two places at once.

The conflict

The weekly is in a downtrend, its last leg being the fall from 2,440 to 2,396.

The daily has broken structure upward. The 2,396 low was swept and price closed above the swing high, then rose to 2,431.

Weekly down, daily up, which is the reading module 50 traded on.

The rule

Trade the daily until it is proven wrong.

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