Markets continuing toward a large previous structure area that and would complete the Bat pattern lined out proving a case for short entry at the .886 retracment of X to A Pullback is also into an inverted 1.618 extension off of a double bottom that breaks structure that would confirm again an entry for shorting, in 2618 trade looking for pullback into .618...
Bunch of previous structure dead on .618 retracement Not looking for huge reversal just a pullback into targets at the .382 which is also into prev structure Stops a little above 1.175 even handle Targets into 1.16450's
Looking for potential longs on UJ with completions of cypher patterns In case you don't believe me here's the requirements for cypher A to B must touch 0.382 but cannot go past 0.618 B to C must touch 1.272 but cannot close below 1.414 C to D must touch 0.786 of X to C If first cypher fails or never completes could look for good shorting into next cypher close...
Couple patterns that will complete no matter market direction :)
Both patterns would complete in same spot, targets at .382 of c to d if it gets there
Cypher completion+ oversold + at previous structure + targets into previous structure + Would not break trend
Bearish Cypher - Good lineup with previous structure , will be interesting seeing how it plays out throughout this week
pulled back into .5 fib retrace with .618 confluence, pretty significant structure and oversold on RSI
Setting up probable Gartley 30m chart long when hit 127 target