Bullish falling wedge pattern with Gold
#XAUUSD
Timeframe 2H
Gold dropped from 2450 to 2310, now she is trying to build a bullish falling wedge pattern to reversal ( end of iv )
Elliot Wave has many scenarios but this zone has high R/R
for this case, it is invalid if Gold has the new low ( < 2314)
if I am correct gold must break the green line and the Close price must stand above the yellow line.
TP1 2398
TP2 2421
TP3 open
Worst case if stop out ( tight stop loss)
Gold will drop below 2280 to 2228
I will share more in X.
Timeframe 2H
Gold dropped from 2450 to 2310, now she is trying to build a bullish falling wedge pattern to reversal ( end of iv )
Elliot Wave has many scenarios but this zone has high R/R
for this case, it is invalid if Gold has the new low ( < 2314)
if I am correct gold must break the green line and the Close price must stand above the yellow line.
TP1 2398
TP2 2421
TP3 open
Worst case if stop out ( tight stop loss)
Gold will drop below 2280 to 2228
I will share more in X.
הערה
upside 26 $ reach the trendline zone.move stop loss to entry or partial close
let's profit run
הערה
*edit 26$ to 23$ gain
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