Waiting for: - Bullish divergence, and - Reversal bar pattern inside PRZ
FX:NZDJPY Potential ABCD pattern that can complete the weekly correction as a major ABC correction; If so, I expect a bullish move ending around the weekly and monthly resistance @83.352$, forging an eventual Bearish Shark Pattern. Taking the default ratios of a 5 waves impulse this is how it look. Just a guess. For now, we have an ABCD pattern (cluster as...
FX:EURJPY GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD Safe Trades; (third wave by Calmstreet) ;) open.spotify.com
Bearish shark pattern, I'm usin RSI as a confirmation (cross above to botom of 70% line)
If this happen, I hope the impulse complete the bearish pattern on D1 chart and then start looking for short position (same for AUD and CAD). Wait for: - Bullish divergence, and - Reversal bar pattern inside PRZ
We have seen that crude prices have recovered nearly $12 from lower levels. Technically prices have formed bearish shark pattern and can correct till $30. One should think to book their long position somewhere around $38.5-$39. Technically, short can be done around $40 with stop of $43.50 and could wait lower till $32.
Bearish Shark Pattern in GOLD Daily Chart!
GBPCHF DAILY BEARISH SHARK PATTERN
FX:NZDCAD BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1...
Pair remains uptrend, but it seems that a retracement will occur in the next hours. So it could be a good opportunity to trade short and long positions. Bear divergence (double top) and reversal bar pattern present, so the trade is already active (Really small risk)
Both last swings indicated that EU is ready to hike back to the former, upper price. The price shows a false break price action which is externally retraced near the former peak. The shark harmonic pattern showed up and must be completed in order to make the future price advances back up. On the larger scale, the XABCD pattern on the half way to complete its body...
FX:USOIL SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD Safe Trades; open.spotify.com
FX:EURAUD BULLISH SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD Safe Trades; open.spotify.com
FX:XAUUSD Eventual Shark at 88.6%; Strong Bearish RSI Divergence; Friendly R/R; Safe Trades; open.spotify.com
- Bullish divergence present - Double bottom? - Wait for reversal bar pattern inside PRZ box
As alot of EUR pairs. EURAUD is also seeing a sharkish formation. but in this case we might see a trade earlier, since the consolidation is already startin to form. if we can at least retest the recent (consolidation) swing highs, i will place my orders below consolidation to sell to the shark completion point. should be a small easy trade with a decent risk...
Price is breaking channel support, but a bullish divergence is present and if it remains, a bearish Shark pattern can be projected. Wait for reversal bar pattern inside PRZ box (use H1 chart if necessary) Others points that supports the reason to consider a long position: - Bullish divergence is present on D1 chart - A bearish Shark pattern on USD index and...