Price will pressure channel resistance and bear divergence suggest that the price is about to fall and retest daily support at 1.2720 I’m just waiting for reversal bar pattern inside PRZ to consider a short position. On H1 chart, it looks like the price will retest near resistance at 1.3059 before downtrend starts (bull divergence is present).
3-Drive pattern completed. A Wolfe wave pattern is at sight. I’ll try to go short for the 61.8 – 78.6 Fibo retracements as a first target, keeping an eye on the ABCD pattern projection on D1 chart (green). View on H1 chart:
Market is trading below a significant resistant since sept 2015 plus there is several possible patterns. In the red is a good area to go short. This market prediction is just my opinions. If you agree hit like button, or you can share your view.
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Price will be pressure channel resistance, will see if a new bearish ABCD pattern can be develop or the price will continue high for a Wolfe wave pattern... I'll be watching if the price hits the PRZ box and bear divergence + reversal bar pattern presents itself. My view on H4 chart: Bearish Shark and 3-drive pattern in play
Waiting for bull divergence + reversal bar pattern inside PRZ. Will see if the bearish 3D pattern completes and overlaps to ABCD pattern on D1 chart (green) for a future short position.
There is a 3 drives completion around .6715-.6720. I'm looking to get short around .6717, with my stop at .6726. I wanna take profits at the swing low at .6675. There is also a .886 fib confluence in the kill zone. Good luck trading out there.
Potential bullish action if the trend hit the decision zone due to these two resons :- *First Technically :- 1- Valid Three drives pattern. 2- Valid structure zone . 3- 0.50 fib retracement for AB leg 4- Valid channel pattern. *Second Fundamentally :- Monetary Policy issued by ECB since 2 week regarding the economy stimulation by delivering more than...
USDCHF 3 POINT DRIVE ON DAILY CHART Will be going long around the 0.95750 mark or going short if it breaks out past it.
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February Gap of GU will be closing soon as the price advancing to the upper level and creating high peak and trough. The price slowly bouncing in the shallow bullish trendline and from the dow theory perspectives the minor trend showed up a bullish trend, while the primary and secondary trend are not confirmed yet to be bullish. The closing gap will generate a...
As Market is coming down it has Three Drive pattern and RSI is oversold and there is cypher pattern entry also. Entry-73.64 Stop loss-73.10 First Target-74.74 Second Target-75.42
Hello Traders, Here we have a really good trade setup on USDJPY , which includes a bearish bat pattern and a 3 drive pattern (blue in color), right at potential reversal zone (PRZ) which consists of several Fibonacci retracements and extensions. 115.18 level (X point of bat pattern) is a strong resistance level which has been tested several times (marked by red...
Potential reverse at this zone due to :- 1- completion of Three drives pattern. 2-completion of ABCD pattern. 3-completion of butterfly pattern. 4-valid structure level.
Bullish 3D pattern is in play and a possible Wolfe structure can be setup. a) If the price breaks a little bit the resistance channel (point 5) and a bearish divergence emerges, then it could be a good opportunity to go short targeting 61.8-78.6 fibo retracements (as a first target) and Wolfe wave target as second. b) If channel remains intact, then it could...
1. As shown we are in a channeling uptrend idea of this is to try ride the uptrend as soon as possible 2. Channel support being tested showing price rejection 3. Horizontal support area 4. Fib 38% Seems to be holding 5. Potential inverted hammer being formed 6. Arrows on price showing measured moves to the upside
Potential bullish movement due to the followings :- 1-Valid Three drives pattern. 2-Fib retracement 0.886 for AB leg. 3-Fib extension 1.618 For BCLeg.