If this scenario is right;
the price must not exced 2011 highs,, if it does, it is either not a triangle or a much smaller one.
the price must not exced 2011 highs,, if it does, it is either not a triangle or a much smaller one.
It is important to remember that triangles are a corrective pattern that is formed before the last impulsive wave and right now gold is in that last impulsive wave of the smaller triangle formed from between jul-2016 to apr-2019
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏻" title="Down pointing backhand index (light skin tone)" aria-label="Emoji: Down pointing backhand index (light skin tone)">
So, regardless if the scenario of the huge triangle (first tweet of this thread) is right or not, it is likely that the next wave will be down (bearish)
Read on Twitter
" title="It is important to remember that triangles are a corrective pattern that is formed before the last impulsive wave and right now gold is in that last impulsive wave of the smaller triangle formed from between jul-2016 to apr-2019 https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏻" title="Down pointing backhand index (light skin tone)" aria-label="Emoji: Down pointing backhand index (light skin tone)">" class="img-responsive" style="max-width:100%;"/>