Triangle pattern on XAUUSD

3 พ.ย. 2022

I see this bearish channel and this downward triangle formed up at the end of it. Because of bearish type of channel, there is a high chance that price breaks the strong support and falls under it's monthly low.
But because of a 3 strike pattern that has been made just above the support line, there is also a high chance that price breaks the bearish trend line and after a Trading Range zone, will continue to rise and form a bullish channel.

7 พ.ย. 2022

บันทึก

As you see, the 3 strike pattern has resulted the price to go up and break the bearish trendline.