one head and shoulders already completed, neck line broke second pattern is near completion, further "solidifying" previous H&s pattern
potential for break out to the downside if price does break, will await retest before short is considered
waiting on retest of trend line before considering long position
Price has broken rising trend line with a strong selling sign even at the moment however price should still retest the upper trend line before long-term shorts are considered price could also respect monthly support @ 81.966, 23.6% Fib level. If level is broken price could fall down to the 76.908-75.416 region If monthly support holds, and weekly turns back to...
price seems ready to break triangle after retest, will consider long
we have a break of the upper trend line, with price heading to retest, blue box area price should react and continue lower toward red box area if strong momentum, price could continue lower toward the .68207 region
price respected monthly resistance level of 38.2% @ 1.25006 now waiting to see price continue down to test CTL before retesting resistance if break, could see price reach 50% monthly resistance area @ 1.31718 or price could respect 38.2% level and fall lower to break CTL and test 23.6% level
Trendline and 38.2% monthly fib level break expected retest at market open before downward continuation
thought i posted this one earlier before compute crash, but guess not
pattern heading toward completion awaitng proper price action
price heading toward a retest of CTL will see how price reacts if CTL is reached
Pattern found a few days ago D completion near previous support area awaiting PRZ price action for entry Will see how daily candle closes on next day or two before possible entry
noticed this near perfect .707 retracement on the 4 hour timeframe looking for D point completion @ 107.930 would still fall in line with my Daily pattern i am waiting to complete
im noticing a pattern of the high touches that resulted in a retracement back to the lower trendline if price continues its current decent to lower trend line, i am looking for price to reverse and rise back to touch upper trendline however if price breaks lower trend line, i will await price action at .236 daily resistance level
pattern on daily heading toward cd leg completion area of completion and prz zone of 1.618 falls in same area as previous daily support/resistance area price would need to break daily support area @108.326 where price has broken, retested once, and would now be considered on its second retest.if support is broken, i see pattern completing
near perfect .618 retracement (still waiting on reversal candle from retracement area0 projected completion near recent support zone