XAUUSD 8H
If you're reading this or found the analysis helpful, please take a moment to share your thoughts. Your opinion is valuable! Like the post if you support this idea, or comment with an explanation if you have a different perspective
I'm currently observing a distribution phase in XAUUSD, where a trading schematic seems to be unfolding based on available data. We've completed phases A (BC, AR, ST).
Phase B formed a significant area of supply (SOW) within wave 4 of the internal cycle, supported by clear price action, adding confluence to harmonic patterns.
Phase C (LPS) tested the UT zone from Phase B (resistance or demand) and elicited a reaction, indicating readiness for a corrective downward movement in gold prices. I anticipate a markdown for leg 3.
From a cyclical perspective, we've seen a reaction near the monthly standard deviation of wave 5 leg, signaling a potential reversal. Simultaneously, the standard deviation was influenced by UT during Phase B of the distribution schematic, reinforcing the harmonic pattern.
I've set a validation point with a hard stop loss at risk-off LPs in Phase D.
In terms of targets, I'm aiming to capitalize on liquidity on the sell side EQL, directly linked with leg 4 of the internal cycle, offering a clear risk-off opportunity.
I'm currently observing a distribution phase in XAUUSD, where a trading schematic seems to be unfolding based on available data. We've completed phases A (BC, AR, ST).
Phase B formed a significant area of supply (SOW) within wave 4 of the internal cycle, supported by clear price action, adding confluence to harmonic patterns.
Phase C (LPS) tested the UT zone from Phase B (resistance or demand) and elicited a reaction, indicating readiness for a corrective downward movement in gold prices. I anticipate a markdown for leg 3.
From a cyclical perspective, we've seen a reaction near the monthly standard deviation of wave 5 leg, signaling a potential reversal. Simultaneously, the standard deviation was influenced by UT during Phase B of the distribution schematic, reinforcing the harmonic pattern.
I've set a validation point with a hard stop loss at risk-off LPs in Phase D.
In terms of targets, I'm aiming to capitalize on liquidity on the sell side EQL, directly linked with leg 4 of the internal cycle, offering a clear risk-off opportunity.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.