Gold - Descending Broadening Wedge
Just an idea what might happen with today's Trump inauguration speech. Maybe a dump before the speech to 1190 levels to create the last wave E and then up to break the wedge upwards to go to 1220-30 levels.
Sure will be volatile so ...
do your own homework and trade safe !
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Descending broadening wedges are continuation chart patterns formed by a channel that widens and is against the trend. Forex volumes tend to increase during the formation of such a wedge.
A break through the resistance line provides a good signal to trade into a continuation of the trend with a price target equal to the height that separates the pattern's high and low.
Sure will be volatile so ...
do your own homework and trade safe !
---
Descending broadening wedges are continuation chart patterns formed by a channel that widens and is against the trend. Forex volumes tend to increase during the formation of such a wedge.
A break through the resistance line provides a good signal to trade into a continuation of the trend with a price target equal to the height that separates the pattern's high and low.
註釋
Look how 10MA support the price after the bull run early 2016...Is it gonna hold this time?
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