Gold price on the spot market began to fall into line with the strategy Bollinger Bands # 3A.There were met its three basic criteria. What are the criteria? I list them below:
- 5 consecutive candles closed below the lower Bollinger Bands
- was formed a local low (1162.30)
- was formed local peak (1170.00)
It remains now to wait for setting new low, which may be a signal for us to take short positions / PUT options. What is important, before the stroke , price cannot close above the lower Bollinger Bands.
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