Utilizing the IM Harmonic Scanner I was able to identify this trading set up. The market price and the RSI showed perfect divergence making it a valid signal. I then proceeded to my trading view chart and marked it up with my own analysis.
Confirmations:
DIRECTIONAL BIAS
- Distribution Schematic (Buy to Sell Scenario)
- The flow of the Market
- Divergence
- Harmonic Pattern
TARGET
- Equal lows (liquidity Pool)
- 79 - 88 Fib Margin
ENTRY
- Institutional Candle Present (50% FIB entry)
Confirmations:
DIRECTIONAL BIAS
- Distribution Schematic (Buy to Sell Scenario)
- The flow of the Market
- Divergence
- Harmonic Pattern
TARGET
- Equal lows (liquidity Pool)
- 79 - 88 Fib Margin
ENTRY
- Institutional Candle Present (50% FIB entry)