Case for Entry
Series of recent HLs -> short term Bullish
RSI OB but we have a RSI trend shift above indicating market might go higher before giving another bearishDIV
prev. SUPPORT around D completion giving about 2:1 RRR using 3 ATR(7)
Target off -> STOP&REVERSE @ Butterfly entry
FIB confluence: 127XA Ret., 1618AB Ext., 1618BC Inv., Harmonic 1414AB=CD
waiting for the BOOM!!
CFE (Case for Entry)
gartley BUY order @ 1752
RSI bull DIV and waiting for another LL w/t RSI HL
FIB confluences @ entry: 1414BC ext., Harmonic AB=127CD, A little bit beyond 127AB ext.
Risk 2ATR / One target @ 382 retracement
IF the market go AGAINST me;
Place butterfly BUY and CUT gartley loss.
Risking another 20 pips for 618 retrace for a...
After a long lasting down trend after broke above outside return as the CYPHER completed and down-rolling market might continues...
But before that, we might anticipate a retest of the LOWs and possibly bounce one more time
As of now, the market has shown several Bullish divergences also followed by Bearish divergence
Nothing to be aware much for now, until the...
HTF: BULL + RSI OB -> DIV on Daily
on 60 we just had a RSI OB DIV @ BC of the big green BAT
looking to retest of the red killzone
(1) price action hit the butterfly D leg and retrace, which tranforms the blue BAT into a CYPHER
(2) hit the CYPHER 786 then rotate up toward big green BAT which will require further fib calculation for precise...
UT: BULL + recently doubleTOP with a little doubleTOP inside 60
One of these patterns would cancel each other out after an 'Anchor leg' has taken place.
My prediction: PurpleGARTLEY might go off first, which will cancel the OrangeBAT but still valid with the BlueCYPHER
Otherwise, PurpleD wouldn't have met and price action turn around to D CYPHER/BAT arena which...
UT: BULL -> RSI bearDIV. signal on daily
wait for break of structure @ PREV.support
(15) RSI bullDIV. 3rd time likely for D leg completion@ 182.52
Took a quick SHORT for 127/1414 confluence from recent downmoves