Hello traders, Gold in 1 hour time, in previous analyzes we had two possibilities (blue probability and orange probability), blue analysis said gold returns from the same range and rises, and orange analysis said that the price returns after hitting the bottom of the red channel and It goes up.
As you can see, gold broke the red channel, but the green channel has not broken yet. If we consider wave 3 as a wide wave, wave 4 will form wave 5 after the price hits the bottom of the green channel. This wave will probably not go more than 0.38 (from the beginning of wave 1 to the end of wave 3).
But if the green channel is broken, this analysis becomes invalid and the blue analysis becomes valid.
Friends, if you are interested in putting a signal at the bottom of each analysis, write in the comments✍🏻
❤️Please, support this idea with a like and comment!❤️
As you can see, gold broke the red channel, but the green channel has not broken yet. If we consider wave 3 as a wide wave, wave 4 will form wave 5 after the price hits the bottom of the green channel. This wave will probably not go more than 0.38 (from the beginning of wave 1 to the end of wave 3).
But if the green channel is broken, this analysis becomes invalid and the blue analysis becomes valid.
Friends, if you are interested in putting a signal at the bottom of each analysis, write in the comments✍🏻
❤️Please, support this idea with a like and comment!❤️