General Concepts Flashcards
(7 cards)
1
Q
Drivers for gold growth
A
Gold needs support from all of its three main engines – lower stocks, bond yields, and USD – in order to attempt another run to the upside
2
Q
Yield curve shape that raises the risk of recession
A
A flattening yield curve raises the risk of recession
3
Q
Reversal pattern sections
A
Line pattern quality Awesome oscillator Price cross and stay above HMA Break confirmation pattern Higher high vs the last fractal before the dip below the line MS/historical/higher timeframe support
4
Q
Line pattern quality
A
Touches from both sides Clear level without overlaps Solid time below the line Higher lows below the line Strong break up
5
Q
Awesome oscillator
A
Cross up from solid negative
False bulge
Divergence
Break pattern in the first correction
6
Q
Break confirmation pattern
A
Fully above the line
Fully above HMA
Solid shape and length
7
Q
AO for trailing stop
A
Third wave end
Trailing stop at wave correction
Exit when wave correction goes below previous wave high
