XAUUSD intersection
We're right between the intersection area between the demand zone & local channel.
Possibility of clean ABC wave. Could attempt to go lower, creating a larger 1-5 wave which could be forming a more complex wave.
Options:
Possibility of clean ABC wave. Could attempt to go lower, creating a larger 1-5 wave which could be forming a more complex wave.
Options:
- Break above channel, attempt run.
- Reject channel top, range between trendlines and break above/below channel/zone.
- Dip back into demand zone and accumulate.
- Dip back into demand zone and break down for lower.
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