XAUUSD moving out of Channel?
Looking out for:
1. Candle sticks breaking out of parallel channel
2. Make a higher high above 18XX(at 3rd rebound) and break the Lower Low Trend
3. Moving above Ichimoku cloud
Signs of Bullish trend
1. 3rd rebound (0.38 fib retracement) stronger than 2nd rebound (0.618 fib retracement)
2. Days to achieve new Lower Low increases.
- First Lower Low(LL) : 25 days
- Second Lower Low(LL2): 37 days
- Third Lower Low(LL3):48 days
3. Stronger Momentum for current compare to 3rd rebound
Still Strong Signs of Bearish trend
1. Overall chart moving below MA200
2. Candlestick moving below ichimoku cloud
1. Candle sticks breaking out of parallel channel
2. Make a higher high above 18XX(at 3rd rebound) and break the Lower Low Trend
3. Moving above Ichimoku cloud
Signs of Bullish trend
1. 3rd rebound (0.38 fib retracement) stronger than 2nd rebound (0.618 fib retracement)
2. Days to achieve new Lower Low increases.
- First Lower Low(LL) : 25 days
- Second Lower Low(LL2): 37 days
- Third Lower Low(LL3):48 days
3. Stronger Momentum for current compare to 3rd rebound
Still Strong Signs of Bearish trend
1. Overall chart moving below MA200
2. Candlestick moving below ichimoku cloud
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