ClacicWaves

XAUUSD on Horizontal Triangle : BUY

Education
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Triangles are overlapping five wave affairs that subdivide 3-3-3-3-3. They appear to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. However, it is quite common, particularly in contracting triangles, for wave b to exceed the start of wave a in what may be termed a running triangle
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