Wave structure of XAUUSD in time frame M15
Updated
DAY is uptrend => current is impulse
4H uptrend => curent is internal bullish
M15 is dowtrend => current is internal bearish
The price fell and penetrated the i-Swing (Internal Swing) strongly so the internal rising wave ended.
We can find opportunities to sell down when prices rise again
4H uptrend => curent is internal bullish
M15 is dowtrend => current is internal bearish
The price fell and penetrated the i-Swing (Internal Swing) strongly so the internal rising wave ended.
We can find opportunities to sell down when prices rise again
Note
After a strong i-swing breakout, the price rebounded and continued to decline
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