Wave structure analysis of XAUUSD on 15-minute time frame
- 4H swing is bullish => current is pullback.
- M15 swing is bearish => Current is pullback.
- High probability that price will increase to gain liquidity before falling to the Demand zone of 4H time frame.
- We continue to monitor the further development of the wave structure
- M15 swing is bearish => Current is pullback.
- High probability that price will increase to gain liquidity before falling to the Demand zone of 4H time frame.
- We continue to monitor the further development of the wave structure
Note
Note
Price increases to supply zone then decreases
Note
Price does not increase to get liquidity but continues to decrease according to the 15 minute time frame structure
Note
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