Get ready to hunt for gold at the end of a 5 wave.
Hello friends Be ready to hunt for gold. Do you think support will win or resistance?
For an uptrend:
1- Weekly support line
2- Pivot point s2
3- The end of wave 5 in Elliott waves
4- Price channel floor
5-Risk to Reward ratio 1
For a downtrend:
1- The main downward trend
2- Pull Back to the canal
3- Existence of resistance
4- Risk to Reward ratio 1/5
What do you think? Thank you for your attention. Good luck
For an uptrend:
1- Weekly support line
2- Pivot point s2
3- The end of wave 5 in Elliott waves
4- Price channel floor
5-Risk to Reward ratio 1
For a downtrend:
1- The main downward trend
2- Pull Back to the canal
3- Existence of resistance
4- Risk to Reward ratio 1/5
What do you think? Thank you for your attention. Good luck