Tradeitanyway
Private, 1st Class
- Messages
- 44
Hello Sive
I am watching gold rally since morning , it is very solid , strong , impulsive
Now should gold breaks 2015.50 then am considering this scenario , of course there is always a scenario for double to formation @ 2030+/- , unfortunately we can't know for sure but there is a solution for that, if silver breaks 26.10 previous monthly swing high , then my current scenario is valid
wave 3 ended in ending diagonal , the last 10 sessions sideways consolidation means there is a pattern, well if gold is bullish , then the only right pattern is triangle bullish breakout of wave 4 , and from EW perspective, 80% of wave 4 is triangle
last month candle was somehow bearish shooting star yes , but there is an observation , that is we have managed to close a historical high for the first time , so this should be taken into consideration
so let's see how it plays
Cheers mate
I am watching gold rally since morning , it is very solid , strong , impulsive
Now should gold breaks 2015.50 then am considering this scenario , of course there is always a scenario for double to formation @ 2030+/- , unfortunately we can't know for sure but there is a solution for that, if silver breaks 26.10 previous monthly swing high , then my current scenario is valid
wave 3 ended in ending diagonal , the last 10 sessions sideways consolidation means there is a pattern, well if gold is bullish , then the only right pattern is triangle bullish breakout of wave 4 , and from EW perspective, 80% of wave 4 is triangle
last month candle was somehow bearish shooting star yes , but there is an observation , that is we have managed to close a historical high for the first time , so this should be taken into consideration
so let's see how it plays
Cheers mate