Price at bottom boundary of channel, target was selected using completion of AB=CD 1.0 to 1.0. Pinbar is about to form.
Also decreasing volume and I also found an AB=CD set up that finished in the same spot as well.
Daily 5-0 pattern appears to be reversing just past the prz
RSI divergence on 4h, price appears to be reversing at the 1.272 as shown by a pinbar.
Candlesticks are indicating reversal by showing pinbar that just barely touches a good support, declining volume indicates a reversal
Price at strong weekly resistance, on weekly chart abandoned baby is forming on 4h descending volume AB=CD formation, Small divergence on the RSI
Divergence on the RSI Triangle formed with doji to mark the end before breakout Price is at two resistance levels Short would be continuation with trend. Descending volume indicating a reversal. Abandoned baby formation. Place stop just beyond the high and first target at the nearest sig support.
Sandwich pattern 4-1-1-?, Pinbar right at the resistance line, slight divergence on the RSI, deviation from the MA, trade is with the larger trend and volume is descending. Oh and I cant forget the engulfing. Can enter now or wait and see if the head and shoulders forms and enter at the top of the right shoulder.
Price has hit resistance zone and a confirmation of a reversal has taken place on the 2h chart with a bearish engulfing pattern.
PRZ is reacting nicely after second test. Bearish engulfing candle is an excellent entry signal.
Price is coming out of that resistance nicely. Also nice double top indicating the top of current rally. I expect price to fall back down to trend line before reversing.
A nice entry point would be if price were to retest that resistance and the continue the downtrend.
PRZ is only made up of 2 numbers, it's missing the AB=CD 1.0 reading so it may not be as strong. PRZ is completely tested and price is appearing to reverse.
support turned resistance is tested and price looks to be reversing.
Price is reacting promisingly after testing the entire PRZ.