Potential bullish 2.618 pattern.
Potential reverse at this zone due to :- 1- Completion of Butterfly pattern . 2- Completion of Carb pattern. 3- Completion of ABCDpattern . 4- Valid structure level. 5-RSI oversold
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.
Potential 2.618 pattern at structure zone .
Potential reverse expected at the decision zone due to the following :- 1- completion of Cypher pattern 2-completion of Three drives pattern (At lower time frame ) 3-0.618 , 0.50 Fib retracement for AB , CB legs 4- valid structure level 5-RSI overbought with regular divergence
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Potential reverse at the decision zone due to the .following :- 1- Valid Bearish flag pattern. 2-Valid AB=CD pattern inside the flag pattern. 3-Valid structure level. 4-0.618 fib retracement for AB leg . 5- Trend hits the upper line of the bearish channel. 6- RSI overbought
Three drives pattern completion at previous structure level.
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After massive drop in oil price which the main reason for that -fundamentally- still complected due to many synaptic reasons like the base concept of supply and demand theory , china growth slowing and unstable political condition in the Middle East . For Technical analysis ,the chart shows potential bullish impulse as based in following :- 1- Valid Carb...
Bullish Cypher pattern completion !
Looking for reverse at 1105 after the completion of the Bat pattern and cypher pattern pulse valid structure in lower time frame. Gold harmonic movement for the last 4 months has provided a lot of wining trade opportunities based on harmonic movement analysis , that is possibly because the volatility in gold trading as traders are preferring the gold trader...
Potential bullish Gartely pattern with Butterfly pattern and the completion of the two pattern will be the structure level
Cypher pattern completion at valid structure level besides RSI&STOCH overbought.
Bat pattern completion at pervious structure zone synchronized with RSI divergence.
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