Bullish Broadening Descending Wedge "Longy Dongy"
First Point-AU 4hr is very bullish, it has touched a key support level, the golden zone and formed a bullish Bat. We also seen heavy resistance despite NU being -70 while AU was only -.30.
Second Point- AU creating this next 20-60 pip push up it will consolidate and create a head and shoulders which will lead to the downside which is also filling the bullish broadening wedge pattern even more.
Third Point- When AU heads down from the head and shoulders it will touch the main trendline that is in Purple. This will be where the real long to .6870 will take place.
Second Point- AU creating this next 20-60 pip push up it will consolidate and create a head and shoulders which will lead to the downside which is also filling the bullish broadening wedge pattern even more.
Third Point- When AU heads down from the head and shoulders it will touch the main trendline that is in Purple. This will be where the real long to .6870 will take place.