sikhumbuzo

price retests broken neck line

Channel Support test

Retest of Channel resistance

Bullish Shark, channel support

Observation

Observation

ABCD pattern complete

Bullish shark identified

Price is at the neckline. a break to the upside will expose 152.908 where the 141% BC projection of pattern AB-CD completes, alternatively price may reverse back down to the region of 143.224.. my observation of this situation is that the break won't happen seeing that a lot of pairs in the market have weakening momentum this week. i'm going short 1st but i do ...

Bullish Gartely completed

Bullish cypher pattern emerging, hopefully may retest the descending trend line that extends all the way back to 2008

The bigger play may see price going further down

Reciprocal AB eq CD pattern completes at the 70.7% retracement level, if pattern fails and breaks out the channel i'll be looking to trade the breakout.

AB=CD pattern complete, multiple points of entry also drawn in for scaling in opportunities.

Bearish gartley

Bullish Butterfly occurred but i picked up quite late because it was on a lower time frame, the trade is still good enough to take but i'm just concerned about the 2 AB=CD patterns that may drive price lower before going up

AB=CD projection completes at the indicated level

This pair has a very interesting construct with a lot of things hanging on the balance technically speaking; Price has broken out of the range once more but could very well be in the upward channel still, depending on how you draw your trend line, I'm personally deciding to wait for the break and retest of the range's neck line from the other side of the red ...