littleriver

XAUUSD LOWER PIVOT

FX:XAUUSD   Gold/U.S. Dollar
52 0 0
In this chart, we have an up fork and a down fork. Once price broke from the up fork lower MLH, I cloned the last quadrant. There are five of these cloned extensions on the chart. Price is currently headed to the lower MLH of the down fork. This area happens to be in confluence with the last two major low pivots (yellow line) and one of the clones. This is a good place to look for the next lower pivot.
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