XAUUSD H1: The Chaos Theory Forecast for the European Session at 12.12.2024
12.12.2024 09:16
Technical
Traditionally, the review begins with examination of the first market dimension. The price has risen above the upper fractal. This defines the phase space as northern. This signal indicates the possible development of an upward movement. To assess its strength and energy, let's consider other market dimensions within the framework of Bill Williams' strategy.
The Alligator indicator confirms the positive market sentiment. The Alligator's mouth is open. It's hungry. Against this background, the price may continue to rise.
The AO indicator is still above the zero mark.
There is a series of green bars below the zero mark on the AC indicator. A positive signal indicate an increase in energy of the movement in the northern direction.
The histogram of the Gator indicator has not formed a clear signal yet. The color of the histograms changes, indicating a change in market phase.
Let's summarize. The phase space is defined as northern. The same direction of movement is predominantly proved by other indicators. Against this background, intraday it is worth considering the long positions.
📊 Buy Stop 2726.013
❌ Stop Loss 2704.766
After entering the market, Stop Loss is carried along the red line after the closing of each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.
The Alligator indicator confirms the positive market sentiment. The Alligator's mouth is open. It's hungry. Against this background, the price may continue to rise.
The AO indicator is still above the zero mark.
There is a series of green bars below the zero mark on the AC indicator. A positive signal indicate an increase in energy of the movement in the northern direction.
The histogram of the Gator indicator has not formed a clear signal yet. The color of the histograms changes, indicating a change in market phase.
Let's summarize. The phase space is defined as northern. The same direction of movement is predominantly proved by other indicators. Against this background, intraday it is worth considering the long positions.
📊 Buy Stop 2726.013
❌ Stop Loss 2704.766
After entering the market, Stop Loss is carried along the red line after the closing of each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.