November is turning out to be a GREAT month. Here we have a bullish gartley on the 1D chart. Yes, another harmonic pattern in a trend channel... Given the trendline, we might want to look for price to go a little past the PRZ zone, but then we are definitely looking for a price reversal. The measurements for a valid gartley pattern are detailed below. B:...
Price made a big move on Friday for this pair... As price is approaching the bottom of this ascending trend channel, a bullish cypher is starting to form. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 I have posted a previous analysis on this pair: It shows a bearish 5-0 pattern if price breaks the...
Here we have a possible bearish crab forming on the NZD/JPY 4h chart. This post is a based on @lewisglasgow 's previous post on this pair. Different pattern, similar measurements. This is one may be a long shot, but the price has broken out of the current descending channel that started at the beginning of the year. The measurements for a valid crab pattern...
I love the weekend. Markets aren't moving. It gives a technical trader quality time to analyze as many pairs as they desire with little to no rush, while examining all possibilities of price movement. Today, we have a bullish gartley and crab on the XAG/USD 1h chart. With both pairs we are watching for the price to drop in the next few days. I would say the...