Not looking at entering until I get confirmations, so I will watch price action and update accordingly.
GBPUSD - Completed a mini ABCD on the 4H, I think this is the last indication of a potential pullback to one of the fib numbers before a drop to the quaterpoint (Or close) price is still in previous structure (Uptrend) if it breaks the 1.36830 with confirmation I will short it to the quaterpoint for a potential quick 100+ Pips before then looking for...
I was expecting a small pullback yesterday with an ABCD completion before the next drop, however price continued to drop towards the higher time frame shark pattern, a pull back is inevitable soon, but personally with such a steep drop I think only a small pullback is coming before price continues down towards the pattern completion as price has broken structure,...
ABCD ALT - Possible competition (Could still drop lower) and shark potentially forming (Price could push lower towards the 1618 Fib) Im going to wait to see what happens with price action and look for rejections/reversals for potential longs.
ABCD complete GBPAUD (Price could potential spike higher) We're getting wicks to the downside along with a nice small engulfing candle before the markets closed. We have confirmations already that GBPAUD may go short, however price is still in structure meaning the uptrend is still valid, we need to be patient with this one and see how price reacts next week!
After completing the Bat pattern earlier this week we got a perfect entry from the 886 Fib I took it long/took profits but we had a spike to the downside before price started to consolidate a little (This is showing weakness to the downside especially now we have lower highs/lowes, price may potentially drop after one last push up and this is where the bearish...
After hitting all of our targets we're now expecting a pullback and the trend to potentially reverse now previous structure is broken. We now have a bullish ABCD completion, however, I'm not going to enter when the markets open, I'm going to watch the price action to see how it reacts to the current level/the fib levels, if price rejects from the 318 and gives...
Will be looking for more reversal confirmation/rejection from the 886 level before I enter long, it's looking like a nice swing!
Potential Bat forming on USDJPY, I will wait until price reaches the 886 then wait for a reversal pattern before entering short and using the ABCD, D point as my TP Target end target.
Potential Bat Forming after ABCD completion on gold. I'm waiting for price to reject or break from the 328 before entering here. If price rejects with reversal confirmation then price could hit higher fibs and confirm an ALT ABCD + potential shark or if it breaks below with confirmation then we will be looking for sells towards the 886 and bat completion.
ABCD pattern's end point is on the the sharks second to last point (1.13), Price has broken below the quaterpoint again and is making lower lows/highs you could potential short this now and use the 1.13 as your end point but I will wait for completion and possible take it long! But lets see what happens with this one!
ABCD completion, i'm going to wait for another retest of the 1.13 before entering (London Open) to be safe.
Looking for rejection/reversals once shark completes then will look to go long!
Almost a complete ABCD on US30, im looking for reversals and shorting once pattern completes
I took a nice buy on gold but exited just before the 1.13 as there was an ABCD completion, price broke this this i'm now looking at an ALT ABCD, will be patient here and see how price reacts to next fib levels!
I took a great short here, over 300 pips so far, I'm waiting for a 71.22 tap/rejection to confirm the shark completion or maybe even a 1.13!
Price rejected from the 1.13 I have x2 potential sharks still forming along with a bearish (Mini) ABCD completion? I'm predicting a retest of the 1.13 before a fall, what's your thoughts?
Waiting to see if this pair drops down and finishes the pattern before or if it breaks through the quaterpoint and completes a smaller bat & ABCD! Patience! Whats your thoughts?