Ending diagonal in the makingGold and gold miners have been on the uptrend since Oct 2022. I would label the rise as the 'C' wave of a larger expanded flat (ABC), red label. The correction from Oct 2024 to Dec 2024 is labelled as wave 4 of wave C. As it is widely known that C wave consists of 5 waves, with the overlapping of w
GOLD👑 (XAUUSD) KEY LEVEL TO WATCH 👀AND WHY 15 MAYTraders, in order to buy and sell, make decisions based on price history and use patterns to identify future price movements.
Successful pattern trading requires the acknowledgement of identifying trends, consolidations, support resistance levels and reversal to place stops and targets to forecas
Expanding ending diagonal (extended 5th wave)Here's my analysis of HUI, gold bugs index. . In my analysis, wave (1) , (2), (3) and (4) all have 3 wave structure, with wave (4) more complex and time consuming than wave (2). This phenomenon usually points to a 5th wave extension. Another observation is wave (4) overlaps with wave (1), which lea
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Displays a symbol's price movements over previous years to identify recurring trends.