It breaks the bottom of double top top and now retest it
We are on the 5th wave of pattern. Our target profit is equal to the height price of wave 1
We already finish in correction wave and now it bounce already. Next week I expect it to move up to 500pips+
Can we expect a repeated consecutive bearish candles? I hope
Maybe we can see next week a complete form of elliot wave ABCDE
After created a triangle. Now it broke out with a nicely big bullish candlestick
It creates a double bottom. It sign of change of trend
Rectangle pattern in a downtrend considered as a bearish signal. Enter a trade when it confirms a breakout from a rectangle
As we can see, from downtrend that created a LL&LH formation now its failed to make another lower low formation and create a Double botoom formation
It touch the 50 ema and bounce, it touch the fibonacci extension from higher timeframe, it break the trend line
In the market we can't 100% predict the market. What we can do is provide the scenario and let the market goes to your scenario.
It created an uptrend movement from a couple of days. And this week it creates a nicely reversal pattern. Expect another bearish next week
It Create a HEAD AND SHOULDER Pattern and move to downside
after creating a cup pattern that sign of reversal, now it broke our day trendline.
after it broke the trendline and forms a consolidation. Now it will create another structure going into uptrend direction
Need a bearish confirmation to validate this idea. But as we can see after it shoot up to his higher price. Now maybe we can expect it to go down lowe