Gold Bears targeting Wave IV low $2,730?!
As you can see the current market price has touched the previous Wave III, showing a CHOC (Change of Character) in market structure.
I will now be looking for bearish price action to carry on down towards the last major low Wave IV at $2,731📉
In any healthy bull or bear market, price should always take out Wave IV before it can carry on its intended trend run.
I will now be looking for bearish price action to carry on down towards the last major low Wave IV at $2,731📉
In any healthy bull or bear market, price should always take out Wave IV before it can carry on its intended trend run.
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