PGOLD looks toppish after potentially completing a Bearish 1.27AB=CD Harmonic Pattern. A Gravestone Doji candlestick also formed up around the PRZ (Potential Reversal Zone) of the harmonic pattern which potentially suggest that the bullish rally or uptrend is about to reverse or consolidate.
*Gravestone Doji requires confirmation.
Trading Plan
- Sell or scale down position on reversal pattern confirmation.
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