Gold Cup pattern on the Dollar Weekly. TP October 2024
1. Order block with a unbalanced fair trade gap where buyers were unable to participate in the market during that time is a indication that the market will go back up to close that gap.
2. Price found support at 50 moving average McGinley line (red).
3. Fibonacci supports price going to TP1 and possibly TP2, where TP1 lines up with the indicated order block.
4. Based on the measurement from the order block to the neckline of the gold cup is 350 days from October to October, so my analysis is that the order block will be fulfilled October of 2024.
2. Price found support at 50 moving average McGinley line (red).
3. Fibonacci supports price going to TP1 and possibly TP2, where TP1 lines up with the indicated order block.
4. Based on the measurement from the order block to the neckline of the gold cup is 350 days from October to October, so my analysis is that the order block will be fulfilled October of 2024.