XAU Ascending Channel 20200713-17
hi guys, long time since charting.
ok so this is a rough af cut, haven't charted properly in a while
so greens are the ascending channel lines
that top red line is the resistance from 2012 to which we're riding it now
the blue channels are your ranging areas, the top one appears to be one forming but not enough info
the middle will most likely be where the retrace will reach into
bottom is unlikely but put something there incase you get a thin wick
I'd say by wednesday we'll know whats generally going to happen, it will either drop out of the triangle and begin it's descend or... ascend up the channel abit more then retrace to possibly the top blue ranging channel
ok so this is a rough af cut, haven't charted properly in a while
so greens are the ascending channel lines
that top red line is the resistance from 2012 to which we're riding it now
the blue channels are your ranging areas, the top one appears to be one forming but not enough info
the middle will most likely be where the retrace will reach into
bottom is unlikely but put something there incase you get a thin wick
I'd say by wednesday we'll know whats generally going to happen, it will either drop out of the triangle and begin it's descend or... ascend up the channel abit more then retrace to possibly the top blue ranging channel
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