Structural breakouts need to be confirmed. The breakout area acts as a magnet, attracting price movement.
Once the triangle has expanded, the original trend continues. Until a reversal occurs. In the short term, it will rise and then continue to fall.
The programme has a high profit/loss ratio. Technically, this is a confirmation of a structural breakout.
Following the completion of the wedge triangle, a second wave of correction of the pattern is running, i.e. wave c of the ZigZag correction. Wave c of the ZigZag correction.
We noticed that on the way up, an expanding triangle appeared and then the market continued to move up for quite a distance. Now that prices are back in this area, it may give us a chance to see how prices will behave in this area. I am optimistic that this area of support, at least a range of rebound, or even more.
Euro try to breakthrough,so we can sell @ double top, Tiny stoploss,more potential.
Even the longest road has an end. When you're exhausted and you hit a seemingly insurmountable mountain, the wise strategy is to stop, rest and reorganize, and then sound the horn again. So, after a double top, there must be a considerable retreat.
After a retracement, a breakout of the previous high will support the long side to the next level. Therefore, a simple retest is the time to buy.
Neck line like a magnet,xauusd will touch it,May be today. Above 1916,There is a Liquidity Pool waiting for us.take it!
Price going to 78% level of traceback,seems forming a Gartely Pattern. and simotaneously,AB=CD pattern is forming too. Other Fact,supply zone right here. So,Time to short gold.
After US Data,Gold still hold the Previous Low,so,It obviously strong enough to pick up-trend again.
The downside trend will terminal near Previous Low, and AB=CD pattern seems support this. So,tiny stop space,more potential profit,I'm in.
The downside trend will terminal near Previous Low, and AB=CD pattern seems support this. So,tiny stop phase,more potential profit,I'm in.
It's should bull's timing,But if price down,must be a signal to short it for bull's powerless.
Harmonic,AB=CD,Supply zone,Retrace 62% So,short it while pullback to high.