XAUUSD has experienced strong sold off (Bear Spike) last week. Market movements usually happen with 2 legs.
The more stronger leg 1 is, the more possibility for 2nd leg to appear.
Price is moving within bull channel. This channel is not strong one and has too many overlaps. Every bull BO has bad follow-through.
The odds are in bear flag favor. This channel is just a bull leg in trading range and I expect it to be broken from down side.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
The more stronger leg 1 is, the more possibility for 2nd leg to appear.
Price is moving within bull channel. This channel is not strong one and has too many overlaps. Every bull BO has bad follow-through.
The odds are in bear flag favor. This channel is just a bull leg in trading range and I expect it to be broken from down side.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
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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.