Alikze »» XAUUSD| Reverse pattern
🔍 Technical analysis: Reverse pattern
- It was mentioned in the 1H time frame according to the analysis presented before. that wave C can extend as a three-wave or five-wave to the green box range target.
- As you can see, wave C has corrected in three waves and accelerated to the green box.
- Currently, there has been a return wave after creating demand in the green box.
- Considering that it has had a three-wave correction up to the golden zone, it can be expected to have a movement cycle up to the 0.78 Fibo range.
💎In addition, in case of failure of Fibo 0.78, it can advance to the specified supply area.
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XAUUSD
- It was mentioned in the 1H time frame according to the analysis presented before. that wave C can extend as a three-wave or five-wave to the green box range target.
- As you can see, wave C has corrected in three waves and accelerated to the green box.
- Currently, there has been a return wave after creating demand in the green box.
- Considering that it has had a three-wave correction up to the golden zone, it can be expected to have a movement cycle up to the 0.78 Fibo range.
💎In addition, in case of failure of Fibo 0.78, it can advance to the specified supply area.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
XAUUSD Not
Not
+100 PIP
Not
Decompression of the corner pattern. Not
According to the trend line, after the demand in the green box range, the target Fibo 0.78 has touched the 2455 range and by breaking it, it has advanced to the supply zone. At the same time, in the supply area, it has faced sales pressure with several attempts. 
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