Completed harmonic gartley pattern.
the market is trading inside a buying zone.
looking left we see that the market is approaching significant structure resistance.
T1 - 145.5
T2 - 146.1
Stop - 143.5
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very overbought market on dollar cad.
rsi shows clear divergence.
looking left we see a nice rejection candle indicating strong bearish pressure around this area.
now we have a formation of a head and shoulders pattern.
wait and sell the retest of the neckline.
Initial target 1.344
Caution) The main chart above is for BTC. The Coin Market Cap chart is in the comments below.
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1. Total Coin Market Cap
2. A Comparison of Total Coin Market Cap : 2014 vs 2018
3. BTC Cap(red)...
Strong downside move coming for the GBPAUD based on the following criteria.
1. The orange diagonal line represents one of the harmonic positions of Jupiter. It acts as resistance.
2. Bearish Alternate Bat Pattern.
3. Bearish Shark Pattern.
4. 90-day cycle of the inner year - powerful reversal day count.
5. New Moon phase on the 6th (today).
6. Bearish Divergence...
pair is trading in side-move in 1.57 - 1.585 trading range.
Market is very close to trading range structure resistance.
We have a completed harmonic bearish cypher pattern,
pattern completion point matches perfectly with structure.
1.580 - 1.585 is selling zone.
1.576 initial target
1.572 second target
hey guys,
usdcad is very bearish,
but rsi is oversold already + we are close to a significant support level.
we also have almost completed bull gartley pattern with a completion point perfectly matching with structure.
as soon as the market enters a buying zone, I will be looking for a confirmation to open a trade.
good luck!
Traders,
The decline from the Feb.’18 high of 1.2555 is identified as a counter-trend pattern (a)-(b)-(c) that ended primary wave 1(circle) from the early Jan.’17 rally. Since then, prices dropped rapidly to the late Aug.’18 low of 1.1301 whilst unfolding into a five-wave expanding-impulse pattern (a). Evidence of a five-wave impulse is usually enough to confirm...
I've seen many charts of people eagerly proclaiming that the bottom is in, because an ascending triangle is forming, and that is super bullish!
Well sorry to be the bringer of bad news, but most of the time, and ascending triangle in a bearmarket is a bearish continuation pattern.
And this here shows all the signs of such a pattern:
1. Volume is declining more...
A unified gartley is about to complete on AUDUSD The swing identification algorithm is prex(12). Historically, on this pair and this timeframe, the pattern with this swing identification and with these ratios (B-point is 0.692 and C-point is 0.816) has a higher probability for continuation (futher up to 1.05XA) rather than for a reversal (same distance in opposite...
BTC likes those head and shoulder patterns. Because traders like this pattern, especially the inverted head and shoulder type.
However, we should remember how often this pattern has failed in the past months. So many times, there was an inverted H&S structure in the making, and many times, it failed. It looked as if it would burst through the neckline, just to...
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