FX:XAUUSD   Gold Spot / U.S. Dollar
81 3 3
A potential reversal of the bearish market, where price and time symmetry are key.

The pattern may be easily identfied by three consecutive symmetrical mountain bottoms. The patterns contains two connecting (intertwined) bullish ABCD patterns. It also contains a bullish butterfly pattern (completing at the third drive). I suggests that a market may be at its most bullish , in which a more significant correction may occur. May offer an excellent risk/reward ratio. Pattern failure suggests a potentially strong bearish continuation may be in progress.
Flot Chart! :)
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LarsSorensen AleksanderThor
Tak og i lige måde. Meget symmetriske graffer du selv tegner iøvrigt på en main streamet facon, fint. der er jeg ikke så skarp endnu. Mine "charts" er lidt forskellige fra gang til gang. Det må jeg arbejde lidt videre på.

Hvor tror du at guld priserne bevæger sig hen i den kommende tid ?
Reply
AleksanderThor LarsSorensen
På 1 hour er Bearish, men på de højere timeframes Daily,Weekly og Monthly så synes jeg, at det begynder, at se fornuftigt ud ift. en vending i trend! :)
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