Yearly Profile Picture
GCG12 has not closed above 1755.40 the midpoint between MR3 to MR4 on the Yearly Profile, which is analyzed with a Weekly Candle. GCG12 so far has not re-extended the Bullish Uptrend on the Year and now on the monthly profile is trading inside the Neutral Zone, below the Zone-Trader Pivot at 1737.30. However, on the Quarterly Profile GCG12 is trading above the top of the Persistence Zone and the Bulls have taken control of the market and they are currently attempting to establish an uptrend. Look for sideways pattern to develop in here on GCG12 with a range between 1755.40 and 1680.00. Look for buys around the 168.00 area, i will watch the Monthly Profile for failures to the downside on the Month, which will generate a buy signal for me. This will be the first retrace buy on the Quarterly since the time filter held above the top of the Persistence Zone, which is also a Zone-Trader Philosophy strategy. I look for the entry one profile time frame lower so if i want to find a retrace buy on the Quarterly Profile, i go to the monthly profile and look for failures in the Zone-Trader Philosophy to the downside to signal the buy and pinpoint the entry.
Quarterly Profile Picture
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