Bullish Idea on AU
My Top Down Analysis
Daily Time Frame:
Trending upward and waiting for a possible reverse off of my S/R zone (red highlighted box), also waiting for the bounce off my 50 SMA
4HR:
Bounce rejected and bounced off my trend line, currently creating higher highs and higher lows. Also caught a bullish reverse pattern at my zone
1HR and 15 Minute
Price above 9SMA and broke my wedge pattern
Daily Time Frame:
Trending upward and waiting for a possible reverse off of my S/R zone (red highlighted box), also waiting for the bounce off my 50 SMA
4HR:
Bounce rejected and bounced off my trend line, currently creating higher highs and higher lows. Also caught a bullish reverse pattern at my zone
1HR and 15 Minute
Price above 9SMA and broke my wedge pattern
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