- completion of m pattern from the 12th OCT - decrease in sell pressure heading into major support - wait for reliable buy signal to trade to minor resistance as T1 - risk/reward: 1:2.35
- peak low set on Tuesday - peak high set on Thursday after stop hunt from previous high on the 0.236 fib level that happened on Wed - m pattern on the high - take the short to the 50 fibonacci retracement level - risk/reward: 1:1
This is 2nd Level SELL M Pattern Level 1 76 PIPs Target 50 PIPs
I think there might be a good possibility for eurusd to drop low down to 1.17 as it seems in a strong downtrend. Feel free to comment feedback is appreciated. I do not take any responsibility. Manage your risk
First of all I'd like to point out that we're in a bearish flag (Red). Typically bearish flags have a 6th count, which inclines me into thinking that we could hit $10,000 for the 6th count. We also have a double bottom (Yellow) with the target of $10,000. Right now we're in a Pennant (Purple) which can go on until we pass $9,400, which is our double bottom break...
these past weeks E/U has had major news for both countries, hit highs that haven't been hit in years, and lows on DXY that haven't been touched in a while. on our you can see divergence on the chart, and indicator. it shows that it is supposed to be a double top, but RSI said it went down. Also the pattern went exactly to the 50 percent mark on the Fibonacci...
Waiting for BTCUSD batpattern confirmation. Price might break it's current support trend line (aggressive traders) in a couple of days, and move to second support trend line (moderate traders). Additionally, bollingerbands indicator reveals a M formation, which support previous analysis. BuyNear: 8350 (support trend line ) Take Profit Levels depending of your...
the 3 wave pattern to the downside is over hinting at a pullback to the upside. I advise to sell at 1.12885 and rally down to the main target
sell opportunity at the peak of the M pattern
the sell waiting for STARTS NOW?????!!