Double Corrective Pattern We Witness In Last Session , Both Correctives Are Zigzag We Can Say We Witness Double Zigzag in Last Session in Downside.After That We Will Got The Post Pattern Implication Of Double Zigzag Which Is Not More Than 80% , So Short Term Sell On Rise Should Be Respected Till Breaking 1320.67/1323.03.
Let's Discuss More About Double Zigzag-
---------------------------------------------------------------------------------------------------------------------------Let's Discuss More About Double Zigzag-
- Double Zigzag Is A Non-Standard Corrective Pattern.
- All Non-standard Corrective Patterns Involve X-Wave And X-Wave is Always Corrective pattern Which Separate Two Standard Corrective Patterns.
- Power Rating Of Double Zigzag Is +/- 2 .
- This Pattern Should Not Completely Retrace By The Move Follow Unless It Is The Last Segment Of 5th Extension Terminal Impulse.
Initial Watch :-
Positive:-If XAU/USD Is Able To Break 1320.67/1323.03 Then Only Upside Possible.Above Daily SAR Level Short Term Strength Will Come.
Negative:-If XAU/USD Is Not Able To Sustain Above Day SAR As Well As Above 1320.67 Then We Will Witness Some Downside.Below 1313.69 More Weakness Will Come.
For Intraday Update - Click Here
Thank You.
Happy Disciplined Trading.
No comments:
Post a Comment