GOLD - UPDATE: 4H candle false break or break of flag?
- As shown in the chart, the current 4H candle has extended below the lower
trend-line support of the bull flag pattern
- This could be interpreted as a false break if the candle were to close back above the trend-line support
- Equally if the candle were to close below this line, then the pattern would have been broken and invalidated
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
trend-line support of the bull flag pattern
- This could be interpreted as a false break if the candle were to close back above the trend-line support
- Equally if the candle were to close below this line, then the pattern would have been broken and invalidated
THIS IS NOT TRADE ADVICE NOR A TRADE CALL