Possible Scenario on Gold:
A Squat can either confirm the tendency or confirm a reversal.
As a 1 hour analysis, I'm waiting for the handle to close,
if it closes below the previous Squat candle, it's a possible downtrend confirmation.
If the next candle is a bullish candle though, it's a possible strong reversal.
A Squat can either confirm the tendency or confirm a reversal.
As a 1 hour analysis, I'm waiting for the handle to close,
if it closes below the previous Squat candle, it's a possible downtrend confirmation.
If the next candle is a bullish candle though, it's a possible strong reversal.
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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.