Found broadening wedges pattern in TF-h4. However, I'm not sure if it is descending broadening wedges. Firstly, I thought it was a flag pattern, but the chart got wider and already broke the resistance line.
I'm not telling this if it is gonna bullish or bearish because this can be a false break if it continues falling or bearish if he follows my prediction draw lines.
I'm not telling this if it is gonna bullish or bearish because this can be a false break if it continues falling or bearish if he follows my prediction draw lines.
Note
Gold just hit the resistance and waiting for the break, will update soon if the plan changeOrder cancelled
CUT LOSS and Sell, Gold droppedTrade active
Gold just reach his correction, lets wait and see entry when the gold break the supportlineTrade active
Gold break the resistance line and followed my forecast line. Gold still need to break one more resistance to confirm his new bullishTrade closed: target reached
CONGRATS, Gold perfectly follow my anaylsis and hit our TP.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.