The curve represented by y=x^3 is highly regarded in financial charting. This particular graph is pivotal for various financial charts, notably in the gold and oil sectors. The chart often commences with a Hunt candle in a High High is typically positioned in a descending orientation and a Low Low is typically positioned in a ascending orientation.
Importantly, this graph can manifest in two conditions: when positive and rising, it aligns within an ascending channel, and when negative and falling, it is set within a descending channel. I've illustrated this in the gold chart in daily time frame.
Thus, investors should be on the lookout for either of these scenarios. If a downward trend is observed, it's advised to make a robust purchase at the base of the descending channel. Conversely, in the presence of an upward trend, a strong sell is recommended at the peak of the ascending channel.
Sincerely Yours,
MT
Importantly, this graph can manifest in two conditions: when positive and rising, it aligns within an ascending channel, and when negative and falling, it is set within a descending channel. I've illustrated this in the gold chart in daily time frame.
Thus, investors should be on the lookout for either of these scenarios. If a downward trend is observed, it's advised to make a robust purchase at the base of the descending channel. Conversely, in the presence of an upward trend, a strong sell is recommended at the peak of the ascending channel.
Sincerely Yours,
MT
Trade closed: target reached:
Be careful about this pattern.
MT
MT