SaeedRehman

SaeedRehman

Point D is at a confluence level with the 786 &1.272 of AB

SaeedRehman

After price broke previous structure it retest the new support level indicated by the green arrow. Then went up, down, then up but got pushed down. The price then held and went up creating lower highs and finally breaking structure (orange arrow. Price has retested the new support level and is now looking to breakout. 1st targets are are within the blue box Hope...

SaeedRehman

Price action broke previous structure and then retested, as shown by the arrow pointing up The price pushed higher and closed a higher close from the recent previous high as shown by the arrow pointing down. Price has held structure and has created a retest on the 1hr chart also confirming the uptrend 1st target area is the blue area

SaeedRehman

The price has retested and is looking to go up. Potential target would be a 1 to 1 completion of the ABCD from the blue line or you could be more conservative and wait for the pattern to complete at point D

SaeedRehman

Price has broken to the upside and is now retesting the new support level indicated by the blue line. If this holds there is a possible buy entry around the blue line, with stops below point B. Alternatively you could wait for the pattern to complete and enter at point D, which has previous structure support and confluence of the 1.272 ext of AB

SaeedRehman

On a larger timeframe there is a gartley forming,(CD leg) and this pattern on the 15min possibly shows a good entry point at D. This is a 786 of XA and has previous structure support. ABCD has confluence around the 1.272 ext of AB Nice risk reward

SaeedRehman

FTSE is at it very high and could make a double top. If resistance is encountered then price could come back to the 786% level of XC forming a Cypher pattern. Possible Buy if we get to point D. Previous structure support. Price could breakout and make a new high

SaeedRehman

Point D has a confluence area with the 786% of XA and the 1.272 ext of AB ABCD pattern is ending in the area and that also coincides between the 618 & 786 level (The blue box represents these levels) Previous structure shows resistance. Possible short at point D

SaeedRehman

With ABCD completing at the 1.272 ext with the added confluence of the 786% of XA this looks quite interesting. Look left structure gives clues there is resistance as well

SaeedRehman

Point C was just shy of 1.272 ext of the XA leg (Could've been a nice Cypher pattern if it did) There is an ABCD that completed at the current level of point C but point D is very interesting as this is 786% level of XA and there is also previous structure support. The Risk to reward looks quite good indicated by the red & green boxes