JUST MESSING AROUND WITH IDEAS.. POSTING THIS JUST NCASE IT HAPPENS
הערה:
I see the market in wedges in and here gold is in the after math of a great sell off from 1900 levels that fall wedged price back up.
Now in a parallel channel, gold seems to be potential creating a rising wedge on its chase to 1600.
Also, notably the current angle we are in to determine if long or short is the correct trade is a clear falling wedge that many (even myself) believe is just about done forming.
There's just one thing, there another couple of rising wedges inside that that may signal more of a fall, right into a fib line (yellow box) at 1435.
This is all just speculation and bored analysis. Not really a plan that I'm trading on.
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.
Now in a parallel channel, gold seems to be potential creating a rising wedge on its chase to 1600.
Also, notably the current angle we are in to determine if long or short is the correct trade is a clear falling wedge that many (even myself) believe is just about done forming.
There's just one thing, there another couple of rising wedges inside that that may signal more of a fall, right into a fib line (yellow box) at 1435.
This is all just speculation and bored analysis. Not really a plan that I'm trading on.