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GOLD → made a crown pattern
Gold Spot / U.S. Dollar
Education
GOLD → made a crown pattern
By melikatrader94
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Nov 3, 2023
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Nov 3, 2023
hello guys...
it is an educational post.
i wanna teach you the crown pattern today, as you can see, I put the sample on the chart but i wrote a description for it too.
the crown pattern has 6 waves, ABCDEFG, and then a reaction wave to this pattern, this is the rule for this pattern:
AB=0.5XA
BC=1.61AB
DE=0.61CD
DE=EF
all the rules happened here! and then VOLA, the gold dumped at least 380 pips after the pattern was complete!
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please write for me if you are interested in education part or not.
Chart Patterns
crown
crownpattern
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melikatrader
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