SHORT... RESISTANCE HIT..... 50% FIB.... BROKE OUT FROM UPWARD TREND
3 different pattern give nice info.. LET SEE WHAT HAPPENS
Price may head to resistence for one more hit then sell. On both MACD and price action we can see regular divergence... I waiting for one more hit then a sell
I realize price love to use Horizontal Support and resistance more. It's major and the trendlines are minor
Possible Gartley.... lets see how this plays out... wait for confirmation ... the market has a mind of its own
Price is currently in the MAJOR resistance area and is rejecting the diagonal trendline The more touches on the larger timeframe the stronger and area is and tends to reverse So we are looking at a possible reversal to come. Zoom in on a smaller timeframe for a good entry.
Plus I just posted a Harmonic pattern within this ABCDE pattern.... Looking like a break out should happen pretty soon
Price broke. downtrend started My TP 1 @ 0.68585 TP 2 @ 0.68282
Price broke out of a downtrend. currently retesting and should head to resistance
Price was in a recent downtrend Price broke out and is currently retesting Price should continue to the up side And as we can see, price is climbing a support line My TP is 1.6092
LOOK FOR BREAK OUT TO THE UPSIDE * WE HAVE DIVERGENCE ON THE WEEKLY CHART * PLUS IT'S HITTING THE 61.8% ON THE FIB LOOK TO GO LONG ON THE WEEKLY REAL SOON
we have a broken trendline , rising wedge , plus a possible H&S formation... all pointing to short