trendline of wave A(green) was broken. there were divergence on H1.
it made and broke 2 more flags.
green wave A should be corrected. (at least to 1221)
buy target, based on recent price action, is 1226.
look for entry point according to your strategy. next flag, etc..
good luck!
it made and broke 2 more flags.
green wave A should be corrected. (at least to 1221)
buy target, based on recent price action, is 1226.
look for entry point according to your strategy. next flag, etc..
good luck!
Note
watch flag breakout!Note
flag was not broken. price felt sharp.1st explanation
I take 161.% target. in fact gold stopped at 38.2%
this upside move looks like a minor correction of lattest part of preceding bear market. (not an entire [1263-1195] move)
in this case gold should continue moving down. (smb may say eu grap gold/$ down)
2nd explanation
it just made a complex abc, (a) = (c)
in this case actual buy target is 1223
Trade closed: target reached
1221 target was reached (38.2% of [1263-1195] move) . it was minimum target.
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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.