This a corrective structure that it's being formed, the probability of this pattern to wor are great, cuz the accuracy of the harmonic patterns are more than 50%, and I'm no trying to say that harmonic trading is 100% accurate, but anything can happen in this nature and also this pattern can fail anyway, but the probabilities for me are good for many traders are already shorted in Gold, and others will get, whether the price shows a nice trigger to enter on it, and that makes me believe the trigger it's going to be shown with the completion the Bat, we just have to wait to see what's going to happen here.
Rules:
1. Harmonic Pattern Completion - Waiting;
2. PRZ Hit -Waiting;
3. PRZ Test - Waiting;
4. Terminal Bar - Waiting;
5. RSI Reversal Sign - Done;
6. Candlestick Reversal Sign - Waiting;
7. RSI Confirmation Sign - Waiting;
8. Candlestick Confirmation Sign - Waiting;
9. Risk Management - Applied;
10. Risk / Reward - 1/3.
" Regard it all as joy, my brothers,
when you face various kinds of temptations;
for you know that the testing your trust produces perseverance."
James 1:2-3
Rules:
1. Harmonic Pattern Completion - Waiting;
2. PRZ Hit -Waiting;
3. PRZ Test - Waiting;
4. Terminal Bar - Waiting;
5. RSI Reversal Sign - Done;
6. Candlestick Reversal Sign - Waiting;
7. RSI Confirmation Sign - Waiting;
8. Candlestick Confirmation Sign - Waiting;
9. Risk Management - Applied;
10. Risk / Reward - 1/3.
" Regard it all as joy, my brothers,
when you face various kinds of temptations;
for you know that the testing your trust produces perseverance."
James 1:2-3