price break trendline after double bottom.
we can anticipate an upside movement, watch for bullish flag or pullback to 61.8
1st target at 61.8 level which retest resistance, final target is cypher completion at 78.6 level
price complete cypher pattern on support level .
this will give us some opportunity to find best buy level.
setup will be on the smaller timeframe, buy on pullback inverted head and shoulders
or price keep going down, we can try to buy from the support area/red area
after break channel and complete inverted head and shoulders, price may going up to reach resistance level and shark territory.
currently price retesting inverted head and shoulders neckline, which is a good level to take a buy
After break some consolidation with a big candle, now we have another bearish engulfing candle which indicate some bearish continuation.
we can take a short entry when candle close or wait some small pullback to blue line.
at least we have 1:2 risk ratio.
if price really going down and break red trendline, we can expect the further down movement
Price potentially create Crab Pattern. We can take a buy entry when price pullback to black area targeting complete Crab.
Complete pattern will retesting Significant SR Level.
When price really complete the pattern we can consider to short.
price rejected from structure resistance, created double top and break the wedge.
find pullback to 61.8 level or neckline area to complete 2618 trade setup.
1st target previous low. SL above double top
Price try to retesting resistance level.
2 bearish patterns potentially created on that level.
prepare sell position when price come to that level, find transition on smaller timeframe for entry strategy