Overlaps in XAUUSD / Looks like a Bull Leg in Trading Range / H4
XAUUSD has experienced strong sold off (Bear Spike) last week. Market movements usually happen with 2 legs.
The more stronger leg 1 is, the more possibility for 2nd leg to appear.
Price is moving within bull channel. This channel is not strong one and has too many overlaps. Every bull BO has bad follow-through.
The odds are in bear flag favor. This channel is just a bull leg in trading range and I expect it to be broken from down side.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
The more stronger leg 1 is, the more possibility for 2nd leg to appear.
Price is moving within bull channel. This channel is not strong one and has too many overlaps. Every bull BO has bad follow-through.
The odds are in bear flag favor. This channel is just a bull leg in trading range and I expect it to be broken from down side.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.