break of intra day CTL. Monitoring 5minute correction for break to downside.
I'm bias to the upside on Ripple's digital asset XRP, but I've noticed the prior significance the .30 cents price level played before last year's major bull run. It's been a gut-wrenching ride down, but I believe, and at this point wouldn't be surprised, to see a retest of this level before another major run to the upside, as major market participants grab a...
price structure is still forming Lower Highs and Lower Lows. Unless the market can clearly break and hold above .9700 level, the down trend remains intact. I'm looking for the corrective sequence to conclude with the completion of a bearish gartley before heading for the .9500 level.
last week's high completed a bearish crab harmonic pattern. Trend is obviously bullish, but short term PA looks a little overextended here. My guess is we'll start the week retracing towards support levels. 38.2 and 61.8 look promising.
Another retest and hold of the Feb lows indicating this bull run might not be over just yet. still think bulls have control Trade the triangle.
Short entry $ .9750 quarter point for a swing to the downside.
A final upward push in price into the PRZ of the completed bearish Gartley on the Weekly chart could signal the end of the corrective sequence. Confluence with the AB:CD pattern on the daily TF, and the 1.8500 quarter point help make the case for a reversal. If BoE decide to leave interest rates unchanged this May, it could trigger the reversal. I'm sitting on my...
triple bottom at Bullish Gartley PRZ looking for a HL for a swing to the upside.
Market finished the week with a close below the counter trend line that was broken last week. I believe bearish momentum will pick up as primary trend continues. Swing targets 145 immediate target 140 to follow
Following last week's break of the counter trend line, price trades within a corrective wave structure on the lower timeframe, before the next impulse to the downside. I believe we have an excellent R:R entry at a retest of the 149 price level before swinging down to 145
Looking for a bullish signal off retest of broken resistance before heading towards $1.60 level
Bearish structure broken and looking for price to confirm HL before breakout
Interesting to see where EU will trade following the Italian election. Intraday structure bearish as price comes into resistance following the LL, but Daily timeframe structure yet to break to downside. If market can't break and hold above $1.2350 price level, expect another move to the downside. If $1.2250 quarter point can't hold, I anticipate further downward pressure.
PA showing signs of slowdown in selling pressure. Potential set up to establish new HL following last year's bull run. Anticipating break of structure for swing to the upside. Bullish trend start confirmed with break and hold above blue box price level.
Shark on the 4HR completed. Bias is bullish on higher timeframe with the break and retest of the Daily downtrend line. If it breaks the TL I believe this pattern is the retracement before another bullish impulse and presents us with excellent risk-adjusted entries to the upside. Buy entries on the 38.2 and 61.8 of the C:D leg. If pattern invalidates and breaks...