XPTUSD recently escaped from a downtrend channel. It also evolves above the daily cloud which has not happened a lot since beginning of 2015. Now we are in a small corrective phase with a probable testing of the 900 level as in Oct 2015.
As the cloud is not very thick under the price, it is essential that 900 holds, ie. that price avoids the large hole under it during next days otherwise the trade scenario won't be valid.
If anyone into harmonics is reading this, I would be interested to know if the "W" shape is anything significant.
As the cloud is not very thick under the price, it is essential that 900 holds, ie. that price avoids the large hole under it during next days otherwise the trade scenario won't be valid.
If anyone into harmonics is reading this, I would be interested to know if the "W" shape is anything significant.