Gold Bearish Wolf Wave & Alt Bat Harmonic Sell Setup: TP 2660, S
This analysis identifies a bearish Wolf Wave formation and an Alternate Bat Harmonic pattern, signaling a potential reversal in gold prices. The trade setup is supported by additional confluence with the R1 Pivot Point Indicator and an ICT Resistance Zone, enhancing the credibility of the bearish outlook.
Key highlights:
Wolf Wave Pattern: The bearish Wolf Wave projects a reversal from the ICT resistance zone, aligning with the R1 pivot level at 2725.
Alt Bat Harmonic: The completion of the Alternate Bat pattern near the 2725 resistance area further validates the potential for a downside move.
ICT Resistance Zone: Institutional price levels coincide with key technical indicators, confirming strong resistance near 2725.
Target Profit & Stop Loss:
TP: 2660 (based on harmonic projection and Wolf Wave target).
SL: 2725 (above the resistance zone and harmonic invalidation level).
This setup provides a high-probability sell opportunity with precise entry, exit, and risk management levels.
Key highlights:
Wolf Wave Pattern: The bearish Wolf Wave projects a reversal from the ICT resistance zone, aligning with the R1 pivot level at 2725.
Alt Bat Harmonic: The completion of the Alternate Bat pattern near the 2725 resistance area further validates the potential for a downside move.
ICT Resistance Zone: Institutional price levels coincide with key technical indicators, confirming strong resistance near 2725.
Target Profit & Stop Loss:
TP: 2660 (based on harmonic projection and Wolf Wave target).
SL: 2725 (above the resistance zone and harmonic invalidation level).
This setup provides a high-probability sell opportunity with precise entry, exit, and risk management levels.
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