Today, we have GREAT structure forming on GOLD!
Here, we have a and a pattern. I personally, LOVE these set ups... GOLDEN RATIO X2!
Price has temporarily retraced at a zone, which is also X point, but the down trend continues.
With these types of set up, we ALWAYS look for the DOUBLE PLAY:
1. BUY the
2. CLOSE at the
3. SELL the
SUPER excited to share this one with you guys and to watch this structure develop with you all.
PLEASE set your stop loss appropriately, paired with proper account management.
The measurements for a valid are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
The measurements for a valid pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24