Gold Chart - 10 hour time frame
1 - The trend line is broken
2- The price is returned from its important level
3- An evening star pattern is formed
4- To form an uptrend, the price must cross the previous ceiling
Result: The conditions are right for a downtrend
1 - The trend line is broken
2- The price is returned from its important level
3- An evening star pattern is formed
4- To form an uptrend, the price must cross the previous ceiling
Result: The conditions are right for a downtrend
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.