Over a week ago I posted a video of a trade setup via Twitter on $GLD. Since I saw a pattern shift to higher highs and lows since the December 2015 low was made, I wanted to set up a pullback for a buy entry. I was able to identify two key price support zones.
What happened was the first price support zone was violated, but the second zone remained intact at the 102.26-68 area. This was followed with buy TRIGGERS for an entry with our risk defined below this important price support. Today target 1 was met at 107.25 and we are trailing up stops at this point. One of the major components of this setup was the use of #SYMMETRY projections to identify this area of support. This is what the Wednesday seminar will focus on. If you only ran one price relationship….I would run #SYMMETRY.