Because the lack of bearish divergence + reversal bar pattern when the price completed the harmonic pattern, and now the presence of a bull divergence, I consider that the price is going to retest resistance at 0.7900 and remains the bearish shark pattern valid.
With the help of the bullish ABCD pattern, a buy setup could be triggered if a reversal bar pattern shows up.
View on H1 chart: bull divergence is present, but no reversal bar pattern yet...
With the help of the bullish ABCD pattern, a buy setup could be triggered if a reversal bar pattern shows up.
View on H1 chart: bull divergence is present, but no reversal bar pattern yet...
Note
Bearish Shark pattern back in play. Beacuse the lack of bear divergence, the price could continue up a little bit more. Short position will come soon...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.