Daily XAUUSD analysis, 28 Aug 2024.
- Sweep of LQ from both sides.
- Price at the extreme of the INT leg.
- We should see 4H bearish CHoCH to confirm the bearishness.
- If the price continues bullish, we will follow the OF.
- And if it did the bearish CHoCH as expected, we have a very long trip to the downside.
4H:
- The Price is in the extreme swing range.
Now we should see the INT weak low to be taken IF the new swing 15M leg is going to start as a 4H swing pullback phase.
15M:
- Price at the extreme of the INT leg.
- We should see 4H bearish CHoCH to confirm the bearishness.
- If the price continues bullish, we will follow the OF.
- And if it did the bearish CHoCH as expected, we have a very long trip to the downside.
4H:
- The Price is in the extreme swing range.
Now we should see the INT weak low to be taken IF the new swing 15M leg is going to start as a 4H swing pullback phase.
15M:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.