*Note - this is my first graph of not using chart patterns but just trying to fit stuff together to predict. Please take the prediction with a grain of salt. The marked intersection point seems like the most likely point for a breakout with multiple conversions. Looking at the different paths, it should be possible to predict the future direction! Again,...
Several factors pointing to a potential turning in this pair, but also waiting to see a few things happen. First what we see on the chart confirming bullish reversal bias: - Harmonic Crab pattern - Fresh demand level - 4 month trend line support test - High volume node Now looking at the XAUGBP pair, we see price bouncing off a support turned resistance level and...
We see here a gartley pattern hitting the 78.6%. There is a perfect abcd hitting the 78.6% the bc leg is hitting the 1.618% there is also a three drive to a top pattern marked with blue. leg 3 to 4 expansion, ratio 1.272% is hitting the exact spot of the bc leg of the gartley. If the 1.2500 - 1.2520 doesnt hold we should see a new top in the EURUSD
Market reached all time highs this summer but with very low volume. In the higher time frame (Daily) we can see that the price is currently consolidating, it did breakout to the upside but couldn't hold its gains, and its now trading back in the range. It creates a lot of opportunities for harmonic pattern traders. Today there was a valid bat formation that I...