melikatrader94

GOLD → made a crown pattern

Education
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
hello guys...

it is an educational post.

i wanna teach you the crown pattern today, as you can see, I put the sample on the chart but i wrote a description for it too.

the crown pattern has 6 waves, ABCDEFG, and then a reaction wave to this pattern, this is the rule for this pattern:

AB=0.5XA
BC=1.61AB
DE=0.61CD
DE=EF

all the rules happened here! and then VOLA, the gold dumped at least 380 pips after the pattern was complete!

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please write for me if you are interested in education part or not.

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