History repeats...

Looking for a similar pattern in historic charts. I found this one back in 2012. Notice the bearish consolidation (descending wedge). It breaks lower around 1640. There is a failed reversal at 1590ish that is a bearish continuation candle even though it's green. Notice longer upper wick than lower wick (spinning top). At the bottom get a wide doji. Even though it is red overall, the longer wick is the bottom one. Next candle reverses back to SMA9. That is the action I'm looking for next week.
GoldXAUUSD

Also on:

Related publications

Disclaimer