short trade set up idea. possible head & shoulders forming on 4 hour chart. bearish mother & baby and shooting star pattern indicating trend change to bearish. short trade placed if price breaks neckline/ascending trendline.
SHARK/BAT with confluence of the ABCD Pattern completing around 1.4128 3 Apologies for the skewed patterns, I extended the leg, although still Fib correct' to align with price completion looking to Enter PRZ @ 1.4128 / 1.41 Reasons to get Long here - BAT SHARK ABCD R:R = 1 : 5 & 1 : 15 TP1: 1.46 TP2: 1.500 Views / Opinions welcome..
We have two potential harmonic patterns. A bat (green) and a cypher (blue). If price action violates the C leg, then the bat pattern is no longer valid. Price is looking pretty bullish and might complete the cypher pattern instead. Patience is the key. let's see what happens. ****************************************************************************** For...