We may have a bear Shark pattern on the Daily chart. I will be looking to take a short position once price reaches the PRZ @ the 88.6 and 113. I would preferably like to see price go a little higher near the 113 and RSI being overbought before entering short. The trigger would be a lower low lower close near the 113. Initial targets would be the 50.0 of the C-D...
We may have an AB=CD pattern and a bull Butterfly pattern. I have boxed off the PRZ which is where I believe we could see a reversal. Which way does it go? The next 2 days will help determine the direction. Good luck!
We may have a bear Bat pattern and looks like a good area for a potential short. Bat patterns are often very reliable turning points and occur mostly at areas of support or resistance. There appears to be a level of resistance just above the PRZ around the 1.3538 level. Good luck!
We may have a bull Bat pattern and looks like a good area for a potential long. There is also a fresh area of demand where the bat pattern and demand meet. Bat patterns are often very reliable turning points and occur mostly at areas of support or resistance. Support lies around the .6900 level. Good luck!
We may have a bull Bat pattern. I will look to be long from this area with a TP at 1.6720. I realized after I posted the first chart that the X point was in the incorrect position. I'm currently long from 1.60248. Good luck!
We may have a bull Gartley pattern with some confluence at the 1.0552-1.0545 area. This is also a nice area of daily support. I will look to be long from this area with a TP at 1.0584 and 1.0608. Good luck!
We have some confluence in the 79.47 area with an AB=CD and a bullish deep crab pattern. A 61.8% retracement of A-B corresponds to a 1.618 Fibonacci reciprocal. I will be long at that area with a TP of 80.90 and extended TP of 82.34 Good luck!
It appears we have some confluence in the 1.0372-1.0352 area. A 50% retracement of A-B would correspond to a 2.0 Fibonacci reciprocal. We also have a bull butterfly pattern that completes in the same area. I will be looking for a long opportunity in this area. Of course, pay attention to price action as it nears this area.