3/12/2020 Gold and TSLA Update
Below are just some market updates following some of the posts we did earlier within our Weekly Focus Members group.
Gold Update
Gold broke back above its 200 Day moving average.
We also had RRT type price action on the daily chart.
Daily MACDP have also turned up.
Crucially we are trading above 1829.20 node.
This could be significant.
TSLA update
We identified Significant Monthly and weekly Dinapoli Expansion cluster at around 597.10.
WE already saw a significant pullback off those higher timeframe resistance nodes.
Found support at OP K Agreement and currently retesting resistance again.
597.10 is the market fulcrum.
We need to break above it and see follow through - to see further continuation on tsla stock.
The longer we trade/stay below this level... the odds of a deeper retracement increases.
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Author
Joseph AuXano
Author
Joseph Auxano, is an active trader with more than 13 years of market trading experience. He obtained his degree in Finance from the University of Singapore. His passion for the markets started early. He was already actively involved with the stock markets before landing his first Job as a Trader at a Commodity Trading House in Singapore. His fascination for the markets continued to drive his search for the Holy Grail of Trading, and his research on Fibonacci Techniques. This led him to discovery of DiNapoli Levels in 2007. Since his training under the tutelage of Veteran Trader Joe DiNapoli, he has since developed as a Professional Trainer and a full-time trader. It was with DiNapoli techniques, that he discovered first hand the freedom that came with trading. He has traded the markets out from Toronto, Miami, Siesta Keys, Singapore, and is now trading the markets out of Bangkok Thailand. Joseph Auxano is an Authorized DiNapoli Expert, representing DiNapoli Levels Methodology in the USA, South America and around Asia. In 2019, with the help and approval of Joe DiNapoli, Joseph developed the DiNapoli Academy Online Course, with the goal of helping aspiring traders in their journey with Dinapoli Trading Techniques.
