Market Overview
XAUUSD have been consolidating for 15day now and participants are still engage for their price level with 250 pips wide. The channel are in ascending. This show that buyer keep invading seller's territory and making a new high every time they are fighting. Buyer tend to have their snowball move into their favor as you can see there are a lot of short-term move that overextending demand zone creating a manipulation or rubber-band like move. This may seem like seller could not withstand long fight as the price make a heavy rejection as soon as they hit previous high on Structure B.
Structure A
As the buyer keep making high hit-rate move in the market, they keep getting profitable as the market rises. However, the market goes wrong in a second and they are now in a bad side of the market. Panic rises among them and they started to increase their position size to cover their previous loss in the short time. This is often called Martiangle where the price shoot up back to the current trendline with heavy move.
Structure B
The buyer couldn't keep their winstreak anymore. Thing goes wrong and they have to accept it. The price began to push to the downside again. This may also seem like a fakeout move as the volume increase after this phases ended allowing the impulses being respected by Fibonacci.
Structure C
The previous violation of the pre-build ascending channel increase the volume of the market, this increase the anxiety among the seller as the price making a risky move again. This make them take profit as soon as possible creating a retracement. This retracement respected by the Trendline which rejected previously by the Structure A. This show the buying power of the bull.
Structure D
As soon as bull show their power on the market, their power began to fade and they are not being able to retest channel's resistatance. This may increase the seller momentum that also will increase possibility of the downside being violate by the seller.
Structure E
This move by the seller increase anger among the buyer who desperately wanted to defend their key level to maximize the profit. This move by the seller also create a structure on Pivot called Surplus where the price are more than it should before a pullback which then will be a useful indication of next move on the market.
Structure F
Previous surplus on the downside by the seller creating a shortage on the upper side of the channel which respected as retracement of the impulses and major High-High Trendline on higher timeframe. this show the fear of the seller that are desperately want the price to go back lower.
Structure G
This is where bull will increase their momentum before ready to fly. This can be shown by ATR that are keep create a new lower high which is indication of next impulses will be deadly than before. Seller may wanted to make a risky move by push all they had to defend the new structure so that the trend will change to downtrend. This is where manipulation will happen among trader who are on long where snowball happens. If bull successfully defend this area, they could possible to push the price back to resistance.
Note: This is not financial advices. All my words are purely based on my experience and opinions.
XAUUSD have been consolidating for 15day now and participants are still engage for their price level with 250 pips wide. The channel are in ascending. This show that buyer keep invading seller's territory and making a new high every time they are fighting. Buyer tend to have their snowball move into their favor as you can see there are a lot of short-term move that overextending demand zone creating a manipulation or rubber-band like move. This may seem like seller could not withstand long fight as the price make a heavy rejection as soon as they hit previous high on Structure B.
Structure A
As the buyer keep making high hit-rate move in the market, they keep getting profitable as the market rises. However, the market goes wrong in a second and they are now in a bad side of the market. Panic rises among them and they started to increase their position size to cover their previous loss in the short time. This is often called Martiangle where the price shoot up back to the current trendline with heavy move.
Structure B
The buyer couldn't keep their winstreak anymore. Thing goes wrong and they have to accept it. The price began to push to the downside again. This may also seem like a fakeout move as the volume increase after this phases ended allowing the impulses being respected by Fibonacci.
Structure C
The previous violation of the pre-build ascending channel increase the volume of the market, this increase the anxiety among the seller as the price making a risky move again. This make them take profit as soon as possible creating a retracement. This retracement respected by the Trendline which rejected previously by the Structure A. This show the buying power of the bull.
Structure D
As soon as bull show their power on the market, their power began to fade and they are not being able to retest channel's resistatance. This may increase the seller momentum that also will increase possibility of the downside being violate by the seller.
Structure E
This move by the seller increase anger among the buyer who desperately wanted to defend their key level to maximize the profit. This move by the seller also create a structure on Pivot called Surplus where the price are more than it should before a pullback which then will be a useful indication of next move on the market.
Structure F
Previous surplus on the downside by the seller creating a shortage on the upper side of the channel which respected as retracement of the impulses and major High-High Trendline on higher timeframe. this show the fear of the seller that are desperately want the price to go back lower.
Structure G
This is where bull will increase their momentum before ready to fly. This can be shown by ATR that are keep create a new lower high which is indication of next impulses will be deadly than before. Seller may wanted to make a risky move by push all they had to defend the new structure so that the trend will change to downtrend. This is where manipulation will happen among trader who are on long where snowball happens. If bull successfully defend this area, they could possible to push the price back to resistance.
Note: This is not financial advices. All my words are purely based on my experience and opinions.