Last Session We Have Seen Some Upside Breakout That We
Considered As Trangular Breakout, But After That We Didn’t See The Thrust Of
Triangle Again Market Come Down That’s Why I have To Reject The Possibility Of
Triangle,
Then What Is unfolding, Its BOW-TIE DAIMETRIC As a Wave b Of
Zigzag, And Currently We Are Witnessing Wave g Of Diametric.
I Will Explain Little Bow-Tie Diametric-
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Bow-tie Diametric is Newly Emerged pattern.
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This Pattern Shows First Half i.e. Wave-A,Wave-B,Wave-C And Center Wave-D Contracting BIAS,While
Second Half Wave-E,Wave-F,Wave-G Comes With Expanding BIAS.
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Price Wise Wave-G Has Relationship Of Equality
Of Fibonacci Ratio Of 61.8 With Wave-A.
In XAU/USD We Are Witnessing Wave-G Which Is Having Relation With Wave-A Timewise and Pricewise.
Wave A=1321.91 To 1306.31 (15.6) We Will See The Fall Of 15.6/25.24 Points.
Which Is 1310.76/1299.87
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Thank you.
Happy Disciplined Trading.
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