Andre_Cardoso
Long

(4h) Perfect ratios // Look Left // IF=THEN

FX:US30   Dow Jones Industrial Average Index
FX:US30

Broken previous structure, now in a corrective move to go test it, only that, eventually ;)

Also a daily trend line (green) that will "support" the price and forge a new bullish structure above this recent one.
Below this "support" line we have the 618% retracement level, and below this level i will become a bear looking for bearish trend continuation. In fact, this point can be the C point for a larger abc correction that can terminate around the 1700$. ( AB=CD pattern on chart as example)

The Cypher pattern (brown) may get completed at 78%, forging an eventual sell opportunity, in this case, the first target will be the 38% retracement, that can act as a "catapult" to complete a Shark at 161% extension (previous highest closing of all time), and again, the Shark can get completed between the 161% extension and the 224% extension (printing us a new highest high of all time. Look back, the structure leaves clues. ;)

Safe trade, and happy christmas...
Jun 01
Comment: Note: Missing the fib extension for C point on shark pattern. Fib extension from AB.
Jun 03
Comment:
Broken structure, amazing price action. Now its forging new corrective structure above the previous one. Bulls are taking the reins ;)
Jun 07
Comment: The amazing Nasdaq Price action ;)
Jun 07
Comment: US30 * :)
Jun 07
Trade active:
Jun 13
Comment:

Comments

At previous structure, target the trend line...
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you are long target?
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good analysis so i'm waiting for a buy 17693
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Andre_Cardoso giovannicanu
;)
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