Hit the 61.8 and now broke below the strong support level ... Now after the break below, now we are looking for it to hit the next support level which is the 61.8
AFTER A STRONG REJECTION FROM THE RESISTANCE LEVEL (LOOK AT PICTURE BELOW), A NEW LOW WAS MADE. SO AFTER THE STRONG PULL BACK AFTER HITTING A STRONG RESISTANCE AREA .WE ARE LOOKING FOR IT TO GO DOWN A HIT THE CONFLUENCE AREA WHEN ITS ALSO MET WITH THE 1.27 FIB EXT. LETS SEE HOW THIS ONE GOES
EOS looking to break out of current price levels because of the falling wedge shape and the potential bearish BAT XABCD pattern that looks likely to be completed. The fib ratios look good on the BAT pattern and if it plays out we should see breakout towards $2.8 and strong move down after that. We also see a clear long term bullish divergence on the...
1. XABCD Bearish BAT Pattern in final CD move towards area shown in chart. 2. There is heavy historical resistance at this level too. Check the chart and draw your own resistance lines to confirm. 3. XABCD Bearish BAT Pattern confirms the heavy resistance possibility. 4. Make sure to set stop loss accordingly. 5. Speculative setup, please do your own analysis...
Hi I could see an XABCD pattern above the Fibonacci retracement of 38.20% which is a sign of trend reversal at this point. we may face a retracement to 50 or 61.8% 1.TP=0.6612 2.TP=0.6595
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XABCD pattern forming @ EURUSD H1 Chart.
Possible XABCD Pattern @ USDJPY H4 Chart
AnIdea about gold movement XABCD !!!
Just a quick update to the previous post.... Nice job all those who caught the right shoulder! Good luck to all trading GBP/JPY!
PREPARE FOR AN INVERSE HEAD AND SHOULDERS PATTERN TO INITIATE A BULLISH CHAIN-REACTION AND HARMONY FOR THE JUNIOR GOLD MINERS. GOLD AND SILVER MINING HAS SET THE STAGE AND WE EXPECT SOME MASSIVE MOVES AHEAD... TRADE THE BREAKOUTS GDXJ AMEX:GDX FX_IDC:XAUUSD TVC:GOLD AMEX:JNUG AMEX:JDST "Patience comes to those who wait" -HandofGold
Cypher pattern appearing on GBP/JPY. RSI confirms a bearish bias, therefor short positions have been taken. Grey highlighted box illustrates a price in which the market found both support and resistance within a relative short period of time. Some people will say the chart looks like a Head & Shoulders, and I would agree if I did not know better. If you look on...
Posting this XABCD pattern late although I had this drawn up on my chart since the last day now. T1 has already been hit and potential for T2 to hit. The indicators on 4H still show further potential downside. Also, the measured moved of this potential bear flag will nearly reach T2. If the PA reaches the breakout zone, then we can expect a temporary...
X A B C D Pattern formation. possible short should price break & close below box.
I don't know exactly, but does this count? Also sitting on the long term support line right now. But as BTC is volatile ... maybe alts will drop more.