After bearish Wolfe Wave price decreased. But while decreasing price made a bullish wolfe wave. Watchout for breakout that gonna be a good chance for long position.
Price may fall down after the breakout according the Wolfe Wave pattern. Those blue line levels are possible right now.
After the breakout price rised up. Right now impulse is possible checkout the fibonacci levels as support points. If one of those supports work. AB=CD pattern is potential.
After the breakout of pattern price fall down. Watchout those fibonacci levels for support. If support works price may rise to those levels according to AB=CD pattern.
In 1H chart SBUX has a Bullish Gartley pattern so price may rise right now also the most important thing is. Price is on an important support level. If price breakout that line it seems like bearish market may start. But that support can work because of the Gartley. Watchout those potential movements.
Price may continue to rise if that breakout isn't a fake one.
Rise of the price may continue towards aim as you can see on chart.
Rise may continue toward the AB=CD pattern like that screenshot Blue lines are the aims of AB=CD pattern.
Both of that pattern breakout line are same. Price was breakout those lines and right now i think price is impulsing. Those resistance and support levels are important. İf support works than price may go up.
Price reached the breakout line. If price breakouts the line than price may rise up.
After the breakout of bearish wolfe wave EURUSD started a bearish trend. The head and shoulders line is too upper than the price right now but if trend turns out to bullish trend and if the price breakouts the head and shoulders line that will be a good chance to long position. Be careful for price turning points like AB=CD patterns. But it's too early to say...
US/OIL: printed an inverted head & shoulders which could mean good news for our sell bias on USDCAD. CAD & Oil correlates. So with a strong pump on oil, expect sell off on USDCAD
After the down trend i think that if price breakouts the Butterlfy line price may start a new bullish trend. Also the fibonacci levels are important in that case as you can see in that screenshot. İf price breakouts those levels and Butterfly pattern line that will be a good chance to long trade. Also price has an AB=CD pattern as you can see that screenshot....
Once in the past bearish wolfe waves line worked as a support. Watch for the price if price breakouts the line that will be a good chance to short trade. And also wolfe wave lines level is equals to fibonacci level as you see in screenshot. So watch those support levels for short trade if price breakouts the wolfe wave line and fibonacci level.
GBPJPY was breakout Bearish Head and Shoulders Pattern. After the breakout of support, price may fall down.
USDJPY Bullish Gartley Pattern. Price may continue to increase because it was breakout the Gartley Pattern line.
BTCUSD in the wolfe wave pattern. Price was breakout the wolfe wave line so that means there is a big probability that price will increase.
PGSUS has a bullish Butterfly Pattern. If price breakouts the pattern line that will be a good Long opportunity.