I think the gold triangle pattern ended with a high degree of confidence. In the channel analysis, we were looking for a triangular pattern. The 1,900 $ target is available in gold. And my estimate of future and mid-term movement is rising .
Be sure to be a member of our channel (@TRUENEOWAVE), please.
We were looking at a flat pattern or a triangle.
Now it seems that the flat pattern (with a triangular B wave) has become stronger.
The orrect level of our analysis has improved to average.
But it's still too early to tell what the larger pattern of these two waves can be?
Which does not interfere...
The starting point of the pattern being formed.
The previous two arms are related to the previous ascending pattern.
And this will certainly affect our analysis and estimation of what pattern is being formed.
Wave a itself is a diametric pattern , and wave b is definitely a triangle.
It went right according to the analysis presented.
Although I am a student of NEOWAVE and still have a lot of problems, I have to say that NEOWAVE does magic.
Please do not base my analysis on trading.
I do not accept any Responsibility in case of loss or profit.
Gold goes exactly according to the scenario of a convergent triangle .Be sure to check out the previous scenario and like it if you like .The center part of the link analysis was the flat and the triangle is better.But the triangle is the better option.
A scenario for gold:
The problem in this scenario is b wave which is very time consuming.For triangles, we do not expect such a timing wave b.Three arms may be considered as diametric pattern arms.
However our trading time is daily.But examining different scenarios in weekly time can be a good guide to trading in daily time.
Notice the linked scenario:
The first ascending arm had been correctly identified.I believe the Euro chart will be bullish at least in the medium term.Colored areas on the chart can be a price return.At least several arms need to be completed to identify the pattern.There is no price or current requirement to determine if the price will not return from this point.By examining the micro-waves...
In the h4 we were looking for a complex pattern. Necessary to say, in the previous analysis, the word flat was mistakenly typed.
It is possible to form a double combination.as a result There is more climbing or a triangular activity in the third sector.