Hi traders,
On this gold chart we can see a clear rejection at the previous structure area. If we get the retracement towards the top of the arch (1230 area) and drop from there, we will get a perfect double AB=CD pattern at 1213.97.
Cheers
On this gold chart we can see a clear rejection at the previous structure area. If we get the retracement towards the top of the arch (1230 area) and drop from there, we will get a perfect double AB=CD pattern at 1213.97.
Cheers
Note
Price retraced a a few pips further than I expected. We have a completed AB=CD pattern now.Trade closed: target reached
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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.