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Gold - Wolfe picture
Found two Wolfe patterns, large orange and small violet with couple of interesting observations.
Top was completion of violet Wolfe pattern.
Sellstop 1-3 line of orange Wolfe pattern caused breakdown @1666.
Now 1-4 epa target line of orange Wolfe pattern @1170 has been broken, this event means reversion of breakup @540 in 2006.
Targets?
Well, fib lines from 555-1920.8 are pointing to 1077, 847, 711.
Or, 1'-4' epa target line of violet Wolfe pattern is crossing longterm uptrend support @500 in 2019.
Or just that longterm support, market will tell.
Levels 873, 732 may have ew implications too.
This chart is telling me that shorts are heavily favoured unless 1-4 line will be re-crossed up, currently running around @1190.
Complete monthly picture here:
Top was completion of violet Wolfe pattern.
Sellstop 1-3 line of orange Wolfe pattern caused breakdown @1666.
Now 1-4 epa target line of orange Wolfe pattern @1170 has been broken, this event means reversion of breakup @540 in 2006.
Targets?
Well, fib lines from 555-1920.8 are pointing to 1077, 847, 711.
Or, 1'-4' epa target line of violet Wolfe pattern is crossing longterm uptrend support @500 in 2019.
Or just that longterm support, market will tell.
Levels 873, 732 may have ew implications too.
This chart is telling me that shorts are heavily favoured unless 1-4 line will be re-crossed up, currently running around @1190.
Complete monthly picture here:
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.