Trendline with UFO area. The major issue is we have major support resistance right above our UFO area Price might bounce right at the SR and doesn't reach the OP area But if the price reach the OP area, the price have to break the SR first before running up
Small UFO on TF21 DownTrend Quick Retest Fibo 0.786 I use smaller lot sizing because there's a bigger UFO above, on 4H TF
Wait the price to retrace the the confluence area, Fibo 618, UFO, Trendline
If the price breaks the trendline and the previous swing low, then it's a reversal
Daily Trendline with UFO (Supply Demand Area) and Fibo Cluster around Major SnR
Trendline Resistance + Unfilled Order + Quick Price Retest + Fibo Confluence area
Area confluence around UFO + Resistance of Triangle Patter and Fibo Retracement A quick retest spotted after the UFO area
I missed this trade, but I saw a second opportunity is coming with Double Top and Overbought + Divergence RSI. I'll go short with the double Top on this
Price is at resistance, it's very good RR for short looking at the high RSI. But if the price breaks up, then it's a good long to the next resistance. So, will you take the short or long? :)
I'm interested in the small Gartley because the D leg is aligned with the previous support and resistance (marked left). However, from my personal experience, i always like to take the bigger pattern as this pattern's X leg is the highest price in the chart. For me, it's giving a better probability. But again, the choice is yours to take which pattern :)
Entry at 171.92, SL below 171.36 and Target at 172.69. RSI is oversold. Nice opportunity for long trade
Entry at 171.92. SL below 171.36 and Target at 172.69. RSI is oversold. Nice opportunity for long