Bearish Butterfly PRZ + Double top + RSI divergence
Yellow - Bullish Shark, target 50% retracement Green - Bullish crab Blue - Bullish alternate bat Blue box is price reversal zone
Bullish Shark price reversal zone inside channel
Hi guys, Here we have another advanced pattern trader's dream! 2 pattern in one chart completing within a 3 point zone! First we have the BAT PATTERN which completes @ 1130.50 for a more conservative approach. Then we have the GARTLEY PATTERN which completes @ 1127.50 for a more aggressive style. Stops go as per usual above the X leg and targets will be the...
Bullish Butterfly PRZ @1.27 fib+ previous resistance. Also Bullish Butterfly PRZ @ 1.618fib at bottom of Channel. Larger Daily Bullish ABCD prz between 1.27-1.414 Fib.
Daily bullish shark already in play as it as hit the 0.886-1.13 PRZ zone (blue box). Only a close below that blue zone negates this pattern. Targets of traditional Sharks are 50% back of the move down! There is also a 4h bullish ABCD in play (Purple). Look left and the line is clear from previous resistance/support.
Double Harmoninc Shark PRZ @ Resistance (Look left) + Gartley
ABCD, daily Look for 1.414 fib to remain in tack for this trade to be successful.
Here we try again with a new Bat pattern setup on the GBPUSD with trend, RSI going oversold soon, with minor trend. Lets hope it will finally hit our PRZ at 1,42870 Stops and targets are on the chart. I am very sorry for so many of my posts have gone invalid before they hit termination point, markets have been on some wild expansions in every direction this week....
There is a bearish divergence with the RSI and a rejection zone north of 16.20. XAGUSD is trading in a parallel channel. My outlook is bearish.
The price of EURGBP has reached a strong resistance area.The combination between the main trend's line, 61.8 Fibo retrace and 0.8100 round number, could end up being a reversal area for the price of this pair.
Harmonics (dashed blue lines) in conjunction with a sweet Fibonacci cluster line up at a previous significant resistance level (now should be support). Alert set on buy zone to look for opportunities to jump in. Stop loss level will be defined accordingly.
Hello! Bat pattern is almost finished and ready to rally up. We have a very nice reversal zone with the confluence of diagonal support (red trendline) and 0.618 fibs confluence. Stops should go below the X and our targets will be 124.22 and 124.4. -- www.rcpforex.com
Very nice harmonic move for the next week. As we see there is a nice ABCD completed pattern @125.43. Our targets are fibs 0.382 and fibs 0.618. At 0.382 we have a nice support level which is also a structure level of AB leg. Our stops go above 125.43. -- www.rcpforex.com
Following on from the Daily analysis I posted, this is the Weekly outlook. We of course don't know what's going to happen, but it's always advisable to stay ahead of the market and prepare for as many eventualities as possible. Option A The red box is the PRZ on the Daily TF. This falls short of the overall down trendline, but sits nicely in a strong Supply...
1. ABCD harmonic pattern @160.00 2. 1.414 extension of AB 3. 1.618 inversion of BC 4. Resistance level @160.13 5. Look left for structure -- Manager.A www.rcpforex.com