Alikze »» XAUUSD | Pullback of the ascending channel is broken

24 avr.

In the monthly time, as mentioned in the previous post, after the correction in the form of a smaller valley that formed the cup pattern, it completed the correction wave 4 and is currently in the ascending microwaves of wave 3 of 5, which as In the daily time frame chart, it can be seen that it is moving in an ascending channel, which is currently broken from the channel that seems to be pulling back into an ascending channel after its completion, which can continue the upward trend as the previous channel after its completion. Follow the general process mentioned in the previous post.
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30 avr.

Note

According to the movement path after hitting and reacting to the neckline, it is broken near the ceiling of the channel.