Even though market looks to be in an uptrend right now, there are, however, two contradicting trading opportunities : a bear Butterfly pattern (green) to sell and a bull Cypher pattern (yellow) to buy. No matter where market is going, there's a buying and a selling opportunity. Also, both harmonic patterns completes at previous structure looking left, so they can...
Market seems to be in a bullish trend right now. If it comes down, there are 2 potential harmonic patterns for a buying opportunity : the bull Gartley (blue) and the bull Bat (purple). Also, the RSI is indicating an overbought condition, so market might lose buying momentum eventually. Rsi is also indicating a bullish divergence.
RSI indicating overbought condition, if market rallies up to 618 retracement, there's a selling opportunity with the 2618 strategy.
Market indicating bearish momentum, RSI indicating overbought condition, and potential bearish Cypher pattern.
Double Top has been formed, and market has broken structure. If market rallies up and hit 618 retracement, there's a potential selling opportunity using the 2618 strategy.
Market's seems to be in a bullish trend. RSI is indicating overbought condition, might be a sign of down pressure, and if market comes down and completes the Bat pattern, there will be a buying opportunity. Can also be used as trend continuation strategy.
2 potential buying opportunities : bull Bat and Butterfly pattern. Market seems to be in a bullish trend and RSI is indicating bullish divergence. Both patterns are valid and are around the same area, and the Butterfly is a bit more conservative.
On the 1H chart, market seems to be in a bearish trend, and there's a potential bear Cypher pattern for a selling opportunity.
2 potential long opportunities in the USDCAD bullish trend : bullish Cypher (yellow) and bullish Bat (purple). Both has the same X leg and there's some structure looking left.
There are 2 potential buying opportunities for the EURGBP : a bull bat pattern (purple) and a bull Gartley pattern (blue). If market continues lower and hits the 886 retracement, there's a chance to go long, and the blue box is a kill zone to buy the bat pattern if you're more conservative. Half the gartley has already been completed, and if market rallies up and...
Potential bearish Crab pattern for a selling opportunity. RSI indicating overbought condition, D leg completes at a structure zone in the daily time frame, and the blue box is a kill zone where there's a selling opportunity to keep risk as low as possible.
Market's in a bullish trend, RSI is indicating a bullish divergence, possible bullish Gartley pattern for a buying opportunity.
Market seems to be in a bearish trend. Possible bearish Bat pattern and if it gets stopped out, there's a possibility to re enter the market with the bear Crab pattern. RSI is indicating overbought condition.
2 potential bearish patterns : the Cypher (yellow) and the bat (purple), and RSI is indicating overbought condition.
Market's in a bullish trend, suggesting it might go higher, and RSI is oversold right now. If bullish Cypher completes, might be a good buying opportunity.
Possible bull Bat pattern if market goes down and hit 886 retracement + RSI is showing bullish divergence.
Market seems to be in a consolidation right now, perfect opportunity to trade patterns. There might be a possible bear Gartley pattern (blue) and a bear Butterfly pattern (green), and both patterns completes at previous structure on the daily timeframe.
Market seems to be in bearish trend right now. Based on the Fibonacci ratios, there might be 2 possible harmonic patterns to trade, the cypher and the bat pattern. For you patterns lovers, the might be 2 possible opportunities to short the market.