5 waves complete, going for a corection to the trendline resistance
potential bearish cypher pattern may happen guys
fresh supply zone should be in play , but be careful ! you can enter market when u saw a strong rejection but as of my sight, this supply zone will reject price now
a good supply zone just hold the price , its good to sell now but personally i ll wait for breakout of the trendline to sell
the support area should hold the price for a small retrace then come back to neckline to form a bearish head and shoulders pattern. if neckline broke , so its nice to put another sell :)
selling this bat pattern not a perfect pattern but , im selling it
bearish trend just ended by a breakout price just retrace back to 61,8 , so we can go for a buy
rectangle pattern is shown in gray color 2 possibilities are here first-break above the rectangle and resistance area , for buy position second- break below the trendline for sell in order to hit the bottom of rectangle and may have break below the bottom of this pattern and support for bigger sell hope this analysis helps you guys
wait for break below the support area then for a sell position once the pattern complete , you can take 2 long positions
potential bearish cypher pattern in may show up
potential bearish bat pattern is possible but the pattern is not that much good
bearish bat pattern is possible in near future guys