1. Waiting for Price to break through the neckline of this Head & Shoulders pattern for a continuation of the short and lower lows.
2. Estimated minimum target length (Red line) if neckline broken.
3. I have also stated in my analysis from yesterday (see link here www.tradingview.com/...-XAUUSD-Short-Trade/)
that i believe that we are in Wave 2-3 now. Hence i have also drew up a Fibonacci for price targets of the end of wave 3.
4. I personally believe that we will see a break through the bottom of this LARGE triangle. I believe we just ended WAVE B of a larger ABC correction on Gold and have just begun WAVE C through a completion of WAVE B. With Wave C we will most likely see an impulse 5 wave sequence or diagonal.
I am personally going to hold this short position.
Please check out my link from yesterday to follow the full analysis (I will provide larger weekly analysis soon).
Please subscribe as i would love to share all of my analysis with you all. :D <3
2. Estimated minimum target length (Red line) if neckline broken.
3. I have also stated in my analysis from yesterday (see link here www.tradingview.com/...-XAUUSD-Short-Trade/)
that i believe that we are in Wave 2-3 now. Hence i have also drew up a Fibonacci for price targets of the end of wave 3.
4. I personally believe that we will see a break through the bottom of this LARGE triangle. I believe we just ended WAVE B of a larger ABC correction on Gold and have just begun WAVE C through a completion of WAVE B. With Wave C we will most likely see an impulse 5 wave sequence or diagonal.
I am personally going to hold this short position.
Please check out my link from yesterday to follow the full analysis (I will provide larger weekly analysis soon).
Please subscribe as i would love to share all of my analysis with you all. :D <3