JamesEvison
Long

GOLD - Ascending triangle pattern criteria met

TVC:GOLD   CFDs on Gold (US$ / OZ)
CRITERIA:
1. Prior trend ( BULLISH )
2. At least 2 reaction highs (CONFIRMED)
3. At least 2 reaction lows (CONFIRMED)
4. Contracting volume throughout patterns formation (CONFIRMED)

Resistance of pattern @ 1510 needs to be broken to confirm
can this be considered a bearish scenario or should be look for a backtest..
Reply
Excellent analysis. Bullish breakout is most likely, but if it breaks through support line - then its bearish. It’s important to keep an eye on key levels and to avoid false breakouts.

Scalpers can use this for scalping.
+1 Reply
great chart..
Reply
Great trade ! thunk you for sharing !
but what is the Target ?
Reply
@bentahi1, you need to calculate that yourself
Reply
salvanost bentahi1
@bentahi1, use fib from 1509 to 1492 you will see the target
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out