I see some bullish fib combination in this area, which I would like to share with the community. This gives an alert of trend continuation, which may not last more than 1365. Well We are trading below 1300 gives a 50$ non stop bear momentum in last two weeks.
For Bullish, I see following patterns
121 harmonic pattern
Cypher Bullish Pattern
4th wave channel support.
Long term bullish trend line support
38% fibo support of last swing
127% fibo correction of wave B
For Bearish
Completed E wave triangle in weekly chart
Possibility of 3rd wave bear beginning
Bullish trend line support around 1200 level on weekly chart
My Pick :) Looking for trend continuation for a new high
Comment
⋅
Things to consider before FOMC 1. reached channel support 2. Found a bullish Harmonic pattern
Comment
⋅
Bull Run pause here for either break setup or fold down. If it fold down target remain 1302
Comment
⋅
Sold gold at resistance. My trade plan during coming weeks as BAT,Cypher & Gartley combination, backed by Elliotwave. The full family picture as seen below
Comment
⋅
This was quick..! :) So many pip in Hand Friday for bull show
miss your analysis