Price previously broke out of a falling wedge so I'm looking for a continuation pattern. Theres a bullish flag so I'm waiting for a retest before buying.
The yellow line in the weekly trend line. Price formed a bearish symetrical triangle on the weekly so im looking for short positions. I can see a potential head and shoulders forming. The orange lines are possibly a rising wedge formation.
Daily chart
1.)Price is respecting the daily trend and formed a morning star closing above the low of trend confirming bullish momentum.
2.)Price hit .23 and broke through .38 on the daily fib retracement. Target 3 would be 1535 based on daily chart
4 Hour Chart
1.) Clear morning star forming above.23 on the 4hr fib retracement.
2.) Prices on the 4hr chart still...
Clear down trend on daily chart
Price consolidating at 0:00 UTC, key gold area
Price is closed below .38 fib level indicating end of bullish momentum
Price is consolidating at halfway through .78 on monthly fib level
