TradingView
meszaros
Oct 14, 2019 1:39 PM

XAUUSD fractal sequence... Long

GoldOANDA

Description

I assume the exchange is building a fractal sequence a week ago. This theory is contrary to those who see the exchange rate in a downward channel. In my opinion, the correction sequence is one that shows that the exchange rate is constantly building up the fractal base needed for the rise. If you look at the "blank squares" in the analysis, you can clearly see that you are making a regular turn. In this case, the exchange rate is at the beginning of the rise. Taking a long position from this level may seem like a good idea.
Comments
UnknownUnicorn5518191
A little early but probably correct nonetheless.
More