We see that the previous harmonic pattern pushed prices back to the fib 2.24 level.
I think he's trying to complete a harmonic pattern again now.
Moreover, I think that a pattern that repeats itself can be formed with the fractal.
When we simulate the first main pattern that may occur, prices will appear as follows.
When we look at the fractal image, I predict that the intermediate prices will be as follows.
When we measure the fractal back test from the internal image tp2, I think the prices will encounter a sell reaction from $ 160.
We can think that it will continue its upward movement again with support from the $ 150 levels.
It is also possible to predict that prices returning from the $180 levels may fall to the $120 levels as the pull back of the main pattern.
Never mind what I've written so far. I think what I have to say now is more important.
When we examine the chart in monthly and weekly time periods, I see that this is not an upward trend, but a downtrend.
It turns out in the measurements that the harmonic pattern on the graph is also a shark. Considering that my words will not affect your investment decision, I can say the following.
Prices will most likely rise as high as $160 and get a selling reaction from there. I think prices will fall from the $160 levels to the $120 levels. Of course, this is my opinion. Just a prediction
Note: This is not investment advice.
Moreover, I think that a pattern that repeats itself can be formed with the fractal.
When we simulate the first main pattern that may occur, prices will appear as follows.
We can think that it will continue its upward movement again with support from the $ 150 levels.
It is also possible to predict that prices returning from the $180 levels may fall to the $120 levels as the pull back of the main pattern.
When we examine the chart in monthly and weekly time periods, I see that this is not an upward trend, but a downtrend.
It turns out in the measurements that the harmonic pattern on the graph is also a shark. Considering that my words will not affect your investment decision, I can say the following.
Prices will most likely rise as high as $160 and get a selling reaction from there. I think prices will fall from the $160 levels to the $120 levels. Of course, this is my opinion. Just a prediction
Note: This is not investment advice.