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bearish shark pattern 2x
Bullish AB=CD Gartley in yellow which comes close to a shark also. In purple a potential shark pattern. A reversal from one of these points could give an (AB=CD) 5-0 pullback short pattern.
potential AB=CD Gartley on weekly
After also looking at the weekly and monthly I think it might be less risky here to buy pullbacks instead of selling the blue butterfly and the red shark pattern until we reach 85 area.
The green area is an important support zone from the monthly chart.
Trending sideways but there is a higher low after a higher high(so far) which gives a slight edge to the bulls. On the other hand it didn't came out bullish out of the ema34 wave(so far) after it did came out bearish before, something which gives a slight edge to the bears.
A break out of the 0.5 key level channel (orange circles) could give a clue about longer ...
What we see is an overbought bounce into the ema34 wave while trending down, something which is not necessarily bullish, instead its bearish.
Did we make a long term bottom here at the 0.618XA?
For higher we have to break the former key low(orange circle) which is confluent with the 0.5XA(key level) If that would happen we might have made a longer term bottom, ...
we see a small bearish AB=CD Gartley with a broken point D(79.50) wich was tested back positively after it was broken.
Now there is a chance of a bearish shark together with a Gartley162
so 80.80-81.20 could be a nice area to take some short if it moves higher from here
emerging bearish Shark if it moves higher from here
If that would happen than the potential pullback could make an AB=CD for a bullish 5-0 pattern
Bearish shark(triggered) into bullish 5-0?
if it moves higher from here than watch for a bearish shark, if that would happen and we would see reversal at C than watch for an AB=CD bullish 5-0
if it moves higher than watch for a bearish shark, if that would happen and we would see reversal at C than watch for an AB=CD bullish 5-0
After the AB=CD gartley failed (only minor pullback =< 0.382) the bearish Gartley162 was triggered and pulled off. Target 0.382 is already hit, second target is the 0.5 retracement wich is key
watch this SHS pattern, necklin 1.30
Potential Bullish Gartley if moves lower
T1 hit, 30% or 50% off and stop to entry or just below point D.
Main trend is down and we are below neckline of bearish SHS, not sure whats going to happen. Protect your profit!
If C holds and B would break we could see a bearish ABCD. Point D = 0.786XA & 1.27AB (nearly perfect!)
Hypothetical long term scenario weekly (not a short signal)