Extreme bullish harmonic impulse wave within a 88.6% retracement of 0-X leg, i think AUDUSD may reversal at 0.7496 zone, it's a good risk reward ratio, it need a CONFIRMATION first, confirmation will be RSI crossing 30 level, Min SL will be low of RSI confirmation candle, if there are not those conditions SIGNAL would be INVALID
Hello Trading View,
Here on the EurGBP Weekly TF we have a unique Bearish Bat that has completed.
Price action has shown all necessary reversals at the required ratios, and price in the PRZ has shown signs of confirmation of trend change.
Heres why this pattern is unique. VOLUME. The volume at point D was EXTREMELEY HIGH!!!!!! See Green arrow indicating said...
Hello Trading View,
Here on GBPUSD we see bearish momentum, which stalled and bounced off an important key level off the Monthly TF.
The rejection of the key monthly support tell me that a trend change is in order.
We have the completion of the Bullish Bat 5-Point pattern, the terminal price bar has tested the majority of the PRZ and sharply pulled away, which is...
Scott Carney Vol 2: "The smaller ab=cd acts as an effective structural signal that validates many successful reversals. Furthermore, I believe that a Bullish 5-0 with a smaller ab=cd is a technically more significant harmonic structure than a pattern without one" (85)
