- In my previous analysis of gold, I beleived it may be in the formation of an inverse H + S formation
- The second shoulder being formed within a descending wedge bullish formation
- At the bottom of this descending wedge a double bottom bullish reversal may have formed on the 15 minute timeframe
- The second shoulder being formed within a descending wedge bullish formation
- At the bottom of this descending wedge a double bottom bullish reversal may have formed on the 15 minute timeframe
- Neckline of this pattern is @ ~ 1221
- This level would need to be broken as well as the upper resistance trend-line of the descending wedge pattern to confirm a
bullish breakout
THIS IS NOT TRADE ADVICE
- At the bottom of this descending wedge a double bottom bullish reversal may have formed on the 15 minute timeframe
- The second shoulder being formed within a descending wedge bullish formation
- At the bottom of this descending wedge a double bottom bullish reversal may have formed on the 15 minute timeframe
- Neckline of this pattern is @ ~ 1221
- This level would need to be broken as well as the upper resistance trend-line of the descending wedge pattern to confirm a
bullish breakout
THIS IS NOT TRADE ADVICE