Strong Bull Breakout / Bullish Momentum / H4
I draw a chart pattern to get better view of XAUUSD chart.
We had a trading range breakout from upside with 11 consecutive bull bars !
So bulls strongly own the market.
Price got stopped near the falling wedge beginning.
I myself see this as start of correction.
BO Point >> Broken Bear Trendline can be where bulls buy again and bull trend resumes.
Otherwise $1765 will be tested again.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
We had a trading range breakout from upside with 11 consecutive bull bars !
So bulls strongly own the market.
Price got stopped near the falling wedge beginning.
I myself see this as start of correction.
BO Point >> Broken Bear Trendline can be where bulls buy again and bull trend resumes.
Otherwise $1765 will be tested again.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
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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.
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.