HyperJesus

Harmonic and Technical strong Bearish Signal

Short
FOREXCOM:EURUSD   Euro / U.S. Dollar
6
We have:
-A Bearish Bat Pattern
-A Bearish Shark Pattern (remember the Range of the D point is 0.886-1.113 XA ). We have a 0.886 on this pattern. ==> All three Harmonic Pattern have the same PRZ (Potential Reversal Zone) Market formed an Engulfing Pattern exactly at the PRZ on the Daily Timeframe.
-A Bearish AB=CD Pattern

We also have:
-RSI BAMM right into the PRZ on H1 Timeframe
-Strong RSI Divergence which also indicates more bearish movement!





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.