TradingView
SmokyTwoTwo
Jul 14, 2020 1:38 AM

Drop - Base - Rally  Long

GOLD / U.S. DOLLARICE

Description

Drop - Base - Rally Zone

Drop from 1811 - Base Of 1803/1798 - Rally To 1813

TG:1819
Ext Drop: 1796/1794

A drop-base-rally zone form after the market has been falling and there is high percentage of retail traders placing sell orders at this time which shows there is lot of profits to be made. The bank traders comes into the market and consumes all sell orders and caused a reversal for the price to rally , eventually breaking the swing high found at the top of the last move lower .
More