In my previous idea of nov 16:
with the grace of all might Allah the most high, LTCBTC gave more than 15 percent profit after formation of cypher now it has almost completed the formation of bullish BAT pattern and again ready for bullish divergence the RSI is ...
This pair broke over long term structure with nice candles (see the first and the second images bellow). So, what now? :)
On 4H image bellow we can see short term green support area for this structure and if we switch to 1H, we can chart completed bearish Bat pattern, from which the price is right now deciding what to do. It broke 0.382 CD level and almost ...
- everything labelled on chart. I think we are due for a relief bounce but there is no confirmation yet, RSI set a higher low while price action had a lower low showing that the market is gaining strength but price action is lacking.
The price action passed though a very fine elliot wave but after correction wave C which was ended on 19 nov some buying started again but the volume is still very low and now the priceline is moving sideways seems that the market is tired now for the continuation of bullish trend more buying volume is required but if the sell would be started here with volume ...
Bearish Bat setup on the tip of a higher timeframe sideway bounce.
Looking for shorting opportunity at Point D completion.
Exact Stops and Targets will be share with my subscribers.
In just the month of Oct, we shared a total of 2,333pips of net profit.
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Expecting plausibly strong support at current price but with price breaching thereafter to D and then proceeding back into a strong buy to wards current price. Trapped volume exists at A thus C came shy of that peak. X also has trapped volume evidenced by h4 rail road tracks at critical level. expecting safety trades and away from peak continuation signature ...
AU (m15)- snatch some profits first for trend continuation pattern with the confluence of BRN 0.7200. Then, short at the D-leg once we have bearish candlesticks confirmation.
Buy @ 0.7200
SL @ 0.7180
TP @ 0.7260
Sell after Bearish CRS confirmation @ 0.7260
SL @ 0.7285
TP @ 0.7215
The price action of SIABTC gave two spikes between 0.618 to 0.786 fib retracement of A to B leg therefore in my previous idea I assumed that this is gartley but the price action ignored the spikes while formation of the pattern and formatted BAT therefore the buying zone is formatted according to BAT pattern and new targets are updated accordingly.
Best of luck ...
CADCHF has been on a strong downtrend and is near formation of a bullish bat. This is in confluence with a trendline support. There is an RSI bullish divergence. Upon pattern completion and confirmation of the bullish bias, I will go long. Stop loss is just below the X point. The take profit target is set at the 61.8 Fibonacci retracement level of the AD leg. ...