Great opportunity to short gold. Waiting for the break of bottom red trendline for a nice entry. Looking at this chart on 4HR/DAILY candles. I think gold still has more room to the downside. Any opinions? :)
I'd like to share this SPX analysis I have with you guys from today. We have a very clear bull flag we just have to wait for the perfect entry at the break of the upper trendline where i have the green oval. I'd like to see a close of a higher timeframe (1HR/4HR) candle to confirm break of bullflag for further continuation to the upside. Also, consider that we...
This is hat I have mapped out so far, if you look at my previous post I was originally bearish but now I think once we break the green trendline we have a push upward :) we had a nice dump from our bear flag (look at previous post) but it didnt really give the dump I wanted. lets see where this goes :) HAPPY TRADING!
Looking at higher time frame we have formed an ascending wedge, looking for an entry at the break of 5318.
Previously we had our descending channel that broke out to the upside with a confirmation of the W pattern. After fighting the push up it turned into an ascending wedge and after that 4 hour candle open outside of the wedge trendline we dumped 87 points and also broke all of our previous supports from our descending channel. We've now formed a bear flag which I...
Initially caught the W upside break from our descending channel. The pattern W that formed was a further confirmation that I as going to break to the upside from the descending channel once it broke the green trend line I have in place for our descending channel.. Even then XAUUSD didnt really give the push I was expecting even after good news. After this small...
Rising wedge forming. Waiting for break of red trendline
this is what I have charted so far on XAUUSD, everything is indicating upside any thoughts on this?
Any thoughts on this pattern on 4 hour chart? would like some more input on this.. after researching a bit im thinking bullish if it breaks above top trend line and bearish if it breaks under