XAUUSD: Wolfe Waves and a Gartley within a Rising Wedge
Wolfe Waves and a Gartley within a Rising Wedge pattern. Anything below 1306 is bearish, a strong break and close below 1306 would mean price has also broken below the rising wedge.
For the Gartley I'm looking to see what happens around 1269, this level may be short term support and this may result in price pulling back to 1306. A pullback to 1306 is what I'm anticipating because I'll be able to go short (only if 1306 is not invalidated as resistance)
For the Wolfe waves, 1203 is where I'm anticipating to close any short positions.
Anything can happen
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For the Gartley I'm looking to see what happens around 1269, this level may be short term support and this may result in price pulling back to 1306. A pullback to 1306 is what I'm anticipating because I'll be able to go short (only if 1306 is not invalidated as resistance)
For the Wolfe waves, 1203 is where I'm anticipating to close any short positions.
Anything can happen
Follow me for more Ideas!
#TradingWithTouch
Comment:
Still anticipating 1203 as target area
