Brief Analysis: The chart shows a bullish structure followed by a potential bearish reversal scenario.
BOS (Break of Structure): Confirms previous upward structure breaks.
CHOCH: Indicates a possible change in market direction.
LQ Sweep: Liquidity is taken below previous lows before the move higher.
EQH + OB: Equal highs and an Order Block form a potential liquidity/supply area.
FVG: Fair Value Gaps below price may act as potential retracement/target zones.
Blue Path: Illustrates a possible bearish retracement, moving from the upper liquidity area toward the FVGs and lower Order Block. $XAU
Overall: The setup suggests watching the EQH/OB area for rejection, with the lower FVG and OB acting as potential downside zones. This is a technical scenario, not a guaranteed price prediction.$XAU #XAUUSD
Trading Tip: Watch for the breakout (when price leaves the wedge) That's your signal to trade—not before Risk: The pattern breaks wrong way than expected#ElSalvadorBTCHoldingsRiseTo7777