I suddenly noticed this opportunity on bit coin for short. It is completing a deep correction upto 87% on recent fall, which actually changed the expectation to down on 15 mins.
This is weekly Swing trade. Details inside video
My attempt to use and understand structure analysis and market harmony with simple ABCD pattern worked.
Trade closed successfully.
During the trade I made entry at 38%, 50% retracement of AB line.
However price made a deeper correction to 87%.
Initially I drew my CD line from 50% retracement which gave target of 9700.
But later adjusted it match the 87%,...
Tried to apply my learning of structure analysis on GOLD.
GOLD already done AB-CD pattern. But, the really sellers may come around 1800 - 1870 levels.
From there I am expecting a correction to 1650 range (38%) of recent move.
I did not try to estimate time.
So, BITCOIN did take support - now moving according to plan.
It did a 100% retrace of the previous micro down move.
Now going towards target.
Hoping this trade will conclude today, as the price broke the GANN fan.
It is little bit on it's own.
The trade may materialize only if we see a decision candle downwards. Right now trend is up.
I will watch 31.5 range very closely, and if you see an inverted hammer or anything that indicates bearish strength you can consider for short.