Keops
Long

GOLD | 108D | DOUBLE ELLIPSE SETUP

FX:XAUUSD   Gold Spot / U.S. Dollar
This is a double harmonic ellipse setup over long term data ! IMO gold had already started a bounce and will be starting a breakout move that will catch the upward ellipse middle line. Next new candle is Oct. 2018.. enjoy!


Cheers,

Keops

Comments

^_^ yess!!!
+1 Reply
Keops TreeTruffle
@TreeTruffle, indeed !!
+1 Reply
Why108 days chart?
Reply
Keops maximus71
@maximus71, short answer: it is a sacred and harmonic number.. also good for charting long term dataset 108 is close to 1/3 of 1 year
Look up wiki: https://en.m.wikipedia.org/wiki/108_(number)
Reply
@maximus71, why not 108 days!?
Reply
cannot understand this pattern..
Reply
Keops doublelight391
Reply
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