About a half hour ago,I shorted Gold. I hit the send button,gold price shoot up 390.00 against me. I closed the position,waited a few minutes,went short again,made my $390 back plus $50. I bought some (SPY) Oct 367 puts for $4.00 even just a few moments ago.
Great for you Mike!
https://www.apmex.com/gold-price
24 hours below-bearish
1 week below-bearish
This year below-BEAR MARKET!
5 years below-DOUBLE TOP or Pause/bull flag-pennant?
30 years below: Pause in long term bull market/bull flag-pennant or potential top?
https://www.warriortrading.com/pennant-pattern/
Finding examples of the pennant pattern after the fact isn’t a difficult process, but locating them before they happen is tricky