Wait for a clear range to form, don’t predict. Trade what you see, not what you think. By the way, here’s my drawing of a cat—a “doing nothing” cat.
XAUUSD Reaction zones 12/09/2024 Reversal zones for XAUUSD are identified based on line bias evaluation and criteria from the table for entering and exiting trades. The ZigZag indicator marks highs and lows, while the naked chart indicator is used to draw cleaner lines and reduce clutter. The Chartist
This is how I determine the trend when the price reacts at a reaction zone or line. I look at the nearest adjacent waves to see how the price behaves when it touches that zone. Sometimes, a line or zone may have both biases, but there are also zones with only one clear bias. The plan was to take profit and then sell, but it seems the reaction in this zone was...