harmonic chart pattrens ABCD and it touch prz
A bullish butterfly bounced from the potential reversal zone (fib confluence and ABCD). Partial profits should be secured at ~1800 (38.2% retracement of A-D) and ~1860 (%61.8 retracement of A-D). Profit targets can take 1 to 2 weeks to reach, since this pattern formed on the 4H/D timeframe. A move below $1700 an ounce invalidates this pattern.
The C-D leg of a bearish shark seems to be forming, presenting an excellent opportunity to long until ~1.4144, at which point one should observe how price responds to the PRZ. Note that the shark often precedes the 5-0 pattern, thus (at least partial) profit should be taken at the 50% C-D retracement, and longs for the 5-0 ideally opened at the 1.0 ABCD...
harmonic patterns, AB=CD, elliot abc(zigzag)
Harmonic Pattern Gartley NEW LOWER LOW "WAVE 4" We haven't seen BEARS YET
Harmonic butterfly formed on usdcad, watch for long
Harmonic Patterns are denoting high & even higher targets though the future remains so uncertain. Long-term Targets: $4,295 & 9000 (at least). Short & Mid-term Targets: Corrections to $300 & 240 are possible. In the middle where there is Resistance Clusters negative bounces to previously conquered Resistances are possible. Take trading seriously easy :-)