Gold - Rising Wedge Short (S3)
Updated
Trade for Gold (S3):
- Rising Wedge Breakdown with Exhaustion Gap and Re-Test of Wedge.
- Fell into descending ML Channel with confirmation.
- 2N Frequency SL yields:
2150+ Ticks PT
3.4 R/R
GLHF
- DPT
- Rising Wedge Breakdown with Exhaustion Gap and Re-Test of Wedge.
- Fell into descending ML Channel with confirmation.
- 2N Frequency SL yields:
2150+ Ticks PT
3.4 R/R
GLHF
- DPT
Trade active
Gold continues its decline: Trade active
Price perfectly respecting the frequencies. Trade is synced: Trade active
Still perfectly in the channel:Trade active
Returned to the downward channel, I'd say corrective move is done and further downside now:Trade active
It has a new channel now: Trade active
Target HIT:Re-assessing for EXIT
Trade active
Continuation is indeed possible.New ML Channel confirmed.
We move the profit stop down to 2N Frequency above the median line:
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