Hello Dear Gentlemen,
Today I'm coming to you with a brand new analyse on Starling, so in this chart we have a new harmonic formation, the Bullish Bat being completed with the bearish retracement of the price, and also this completing the full formation of Elliot Waves, right now the price it's completing the C-D leg of the Bat and also the Wave 3 of the E.W, and we also have one more point of correlation that can create a big trouble to the price trying to going down, if u understand me!
These three create a great or strong zone that can deny the price on trying to go down and make a beautiful pattern with the price!
And we should also what what the RSI it's showing, to have a clear picture of this process!
Rules:
1. Harmonic Pattern(Bullish Bat) + Elliot Wave (Bullish 1-5) Completion - Waiting
2. PRZ Hit - Waiting;
3. PRZ Test - Waiting;
4. Terminal Bar - Waiting;
5. Type-1 Reaction - Waiting;
6. Type-2 Reversal - Waiting;
7. Candlestick Reversal Sign - Waiting;
8. Candlestick Confirmation Sign -Waiting;
9. RSI Reversal Sign - Waiting;
10. RSI Confirmation Sign - Waiting;
11.Risk Management - Applied;
12. Risk / Reward - 1/3.
Today I'm coming to you with a brand new analyse on Starling, so in this chart we have a new harmonic formation, the Bullish Bat being completed with the bearish retracement of the price, and also this completing the full formation of Elliot Waves, right now the price it's completing the C-D leg of the Bat and also the Wave 3 of the E.W, and we also have one more point of correlation that can create a big trouble to the price trying to going down, if u understand me!
These three create a great or strong zone that can deny the price on trying to go down and make a beautiful pattern with the price!
And we should also what what the RSI it's showing, to have a clear picture of this process!
Rules:
1. Harmonic Pattern(Bullish Bat) + Elliot Wave (Bullish 1-5) Completion - Waiting
2. PRZ Hit - Waiting;
3. PRZ Test - Waiting;
4. Terminal Bar - Waiting;
5. Type-1 Reaction - Waiting;
6. Type-2 Reversal - Waiting;
7. Candlestick Reversal Sign - Waiting;
8. Candlestick Confirmation Sign -Waiting;
9. RSI Reversal Sign - Waiting;
10. RSI Confirmation Sign - Waiting;
11.Risk Management - Applied;
12. Risk / Reward - 1/3.
Comment:
The price it's close to complete the Harmonic pattern and start testing the PRZ and give to us a view of what's about to happen soon!
Comment:
We may see in the next hours, the type 2 reversal and possible the completion of the 5th E.W;
Stay focus!
Stay focus!