INTC 0-5 pattern - the likely resolution of this pattern is downside, but if it can't go down, then it violently pushes upward to 88.6%. This is a contrarian trade, lot of people are betting downside move, options are skewed a lot to downside, so likely it goes up, the risk to reward is to upside.
OMXS30 continues to be bullish and are looking to face two resistance levels ahead. First one is at the level of "X" in the pattern, wich is strong nut we Do see some tests just above lining up with the top of the Sharks PRZ. Expected reaction from the Shark is a 38.2% Fib, but often we can see a pullback down to 50% where w, in that case, have a 5-0 pattern...
Pattern confirmed by oversold on Rsi and Stochastic Oscillator.
Following 5-0 Pattern Harmonic Price touch strong support by uptrend line W1 and fibo retracement 50%,and touch fibonacci extension 127.2 % of AB. Follow 5-0 pattern price will test fibo retracement 50% of BC and go down retest uptrend line W1. If the price break uptrend line W1,it will go down and test fibonacci extension 2.24 of AB (1232).
The FTSE 100 is shaping up nicely on the 4h chart, I'm expecting this bullish 5-0 formation to complete within the next few weeks at the 50% retracement level. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 We will be trading with a stop loss below the 0.618 retracement level at 7240. If we execute the...
well that's going to be the ultimate question here as to whether you're long or short. Ultimately, I say we going down but this is 50% retracement to decide whether we bounce to fulfil bullish 5 drives or continue falling to fulfill Bearish Shark.
overall structure a Bullish 5 Drives OR Bearish Shark. Bearish Bat Diamond (potential reversal) pattern forming
SPY 0-5 Pattern on Daily. If no bounce from this 50% retracement, it will be a straight down move to 269.
Bearish 5 Drives megastructure leading into a Bullish 5 drives up to 8500 to which will fulfill the overall Bearish 5 Drives w a target at around 5.5k. Upon completion of 5.5k retracement OR sideways trending on a strong demand zone, Bitcoin's harmonic may become a Bullish Deep Crab to which will have a target of $10k+. I've been bullish about bitcoin and I'm...
Once again, as soon as we learned a new pattern, we(@iDC_INC on twitter, @idcinc on steemit) were able to find it immediately in the bitcoin chart. It's not perfect, as the AB leg briefly goes a little lower than it would have ideally, but it's pretty damn close. This is just to serve as extra confirmation of the bull trend we've been anticipating, and that seems...
Bearish 5-0 with reverse bearish divergence. Purchased July 50 puts @ 1.10
BTC is probably going for a 0-5 pattern. At first I will try to short in the area between 8700 and 8800 for a move down. I will update with the progress or invalidation.
Hi, please do not see this as trading or financial advice. I'm just shooting posible patters. Cheers, best regards.
This is a macro look, we will take a look at Descending triangle a little closer. We are in a Descending triangle, and things are not looking good as we are entering 5 weak, Unless breakout happens - a robust one - a lot of buyers will be holding BTC instead. D and A serving as a strong support Prices entries. We are still in a up trending channel, and this...