GOLD Divergence/Wedge/Cypher Patterns SHORT
The chart is self explanatory.
Scenario 1:
Scenario 2:
What Do YOU Think?
ANYTHING CAN HAPPEN!
Scenario 1:
- - Bears push the price down to around 1300.00 which is between the 61.8% and the 50.0% Fibonacci retracement levels and bounces off any of these two levels to POSSIBLY test the previous high.
Scenario 2:
- - Bears push the price down to around 1300.00 which is between the 61.8% and 50.0% Fibonacci retracement levels, instead of bouncing back up, price breaks out the bottom of the rising wedge and the rest is history.
What Do YOU Think?
ANYTHING CAN HAPPEN!
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