salvanost

just a concept of determine target based on wicks

Short
salvanost Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
will backtest it for a while
the concept of filling wick usually based on 1 wick only but when monitoring wisks based on 2 wicks or more
usually if there are 2nd retests then usually will see 3rd retest or more

still abstract and not reliable but can be used on any timeframe since there wicks on any timeframe
Comment:
other example from 1809 rejection can drop to 1799.5
Comment:
Should make a bullish scenario when 1809 failed as rejection area will backtest again later with other chart
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.