Bullish Bat Projection: GOLD,H4 to Range and Breakout!
Though I initially projected the completion of a bearish butterfly on Gold few weeks back.
The projection went well but didn't complete the initial projection few weeks ago.
Currently with events unfolding and I am now speculating on the direction that Gold is most likely to breakout. We going to have a pullback due to bullish Gartley forming right now and a drop would commence...however it could start ranging.
So, overall, I'm projecting a Bullish Bat completion. Which is a short position anyways. However, we are likely going to get a ranging market before the drop if does occur. Please feel free to comment and share your idea on this analysis. Make corrections where you feel necessary. No one knows it all.
#Always_aStudent!
#FX_Cheetah!
#RatioTrader!
The projection went well but didn't complete the initial projection few weeks ago.
Currently with events unfolding and I am now speculating on the direction that Gold is most likely to breakout. We going to have a pullback due to bullish Gartley forming right now and a drop would commence...however it could start ranging.
So, overall, I'm projecting a Bullish Bat completion. Which is a short position anyways. However, we are likely going to get a ranging market before the drop if does occur. Please feel free to comment and share your idea on this analysis. Make corrections where you feel necessary. No one knows it all.
#Always_aStudent!
#FX_Cheetah!
#RatioTrader!
Ordre annulé
My bias has now changed ....looking go long now on Gold by re-entering the market at 1691.31 to 1734.55 as 1st target. 2nd target would the be the complete of either the Bearish Deep Crab or the Bearish Butterfly at 1755.6 or 1766.31 respectively. One step after the other!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.