XAUUSD : Structure
Structure is essential when building - especially if you intend to build higher.
The bottom, or foundation needs to be strong. Which is why price needs to accumulate a lot of volume horizontally before moving up.
It also needs to be 'harmony' which means the floors needs to be of the same height - common sense. This is how almost all buildings are made.
However, some 'experts' would argue that building in 1-2-3-4-5-a-b-c, meaning ALL floors are of different heights is a better choice. Or are they skipping floors when counting?
Since reaching an ATH is 10/2024, price is trying to move up again. But looking at the structure, do you think it can? Let's apply some common sense here. Anyway, this is a game of probabilities. There is no certainty. But it would be a good SELL just looking at it, as the structure looks weak.
The same applies to BTC.
Good luck.
The bottom, or foundation needs to be strong. Which is why price needs to accumulate a lot of volume horizontally before moving up.
It also needs to be 'harmony' which means the floors needs to be of the same height - common sense. This is how almost all buildings are made.
However, some 'experts' would argue that building in 1-2-3-4-5-a-b-c, meaning ALL floors are of different heights is a better choice. Or are they skipping floors when counting?
Since reaching an ATH is 10/2024, price is trying to move up again. But looking at the structure, do you think it can? Let's apply some common sense here. Anyway, this is a game of probabilities. There is no certainty. But it would be a good SELL just looking at it, as the structure looks weak.
The same applies to BTC.
Good luck.
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