seems gold is still correcting wave 2
looking to trade wave C down and trading with the bigger trend.
technical confluence:
4h :
divergence between a/c
shrinking candles to the 100% level
some price action ( shooting star, rejection candles, engulfing candle, etc)
spike down
1h:
new structure forming
break of LL
break of the trend line
ema's crossover
stops; previous HH
looking to trade wave C down and trading with the bigger trend.
technical confluence:
4h :
divergence between a/c
shrinking candles to the 100% level
some price action ( shooting star, rejection candles, engulfing candle, etc)
spike down
1h:
new structure forming
break of LL
break of the trend line
ema's crossover
stops; previous HH
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Disclaimer
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.