With difficulty breaking structural support around point B, the profit taking would have to be strong to descend to the optimum point of entry. I am looking for profit taking at structure(B).
I have been waiting for this bat to fill for a while now. RSI shows oversold conditions. Taking targets at structure.
RSI shows extremely overbought conditions. Price has also broken through support at point A and shows a lower low, lower close. As with most Cyphers, the CD leg is one final stretch until it goes in the intended direction. At market price, I am looking for a target on structural support.
I waited for price action to "Double Top" before entering this trade at the filled Cypher Level. There is bearish divergence on the RSI, but there is also hidden bullish divergence there too. Because of this divergence, this Cypher may have a low probability to pan out in the direction intended. I am taking targets to structure.
The Bull Cypher is in confluence with the break in previous structure(PH ), creating a new structure high(H3 ). RSI Is also showing near oversold conditions. I am taking the target at structue where the arrow indicates.
This may be the forming of a Bullish Bat. It may push up more before dropping. As long as the Cleg doesn't close above the Aleg, it will reach and exhaust it buying power(according to RSI readings).
RSI shows overbought conditions and price has hit a few levels of resistance. Cypher is complete and ready to drop. Taking profit to structure levels on Bleg and Cleg.
Found a Gartley after a stopped out Bat. We will see if persistence prevails.
With advanced pattern recognition and technical analysis, will it be possible for me to profit bullish on the CD Leg of this possible Cypher, then descend on it's drop once the pattern is filled? We will have to see... RSI shows an oversold market. I am expecting a long rally to the upside with a buy order at market, then taking profit at structural levels. Once...
This Double Bottom is close to the fib retracement of 61.8 of the most recent impulse leg. Plus, there is some divergence in the RSI that tells me that momentum may be shifting to the upside.
RSI is indicating a possible push to the overbought area and pattern is almost completely filled. I am looking for structural targets in the drop.
after a Successful Bat pattern, I am looking to repeat it in this Cypher as this currency pair is currently in consolidation. Looking for indicated targets on structural levels.
I took this Double Bottom at market price. I got in late I am relying on retracement to structural levels. Usually when there is a double touch of structure, it indicates that it may be strong in that area. RSI shows overbought conditions but not enough divergence. Let's see what unfolds.
Just a tiny cypher on the 15m chart. Scalping the market. RSI shows overbought which is confluent with the pattern completion. Let's see how it unfolds.
The Pair is overall bullish and this Cypher will completely fill between 38.2% and 50% retracement of the impulse leg on the daily chart. There has been a break in major structure in the past so expect this pair to rally off of that structure; validating this Advanced pattern. The RSI is not currently oversold but the CD leg has a bit more to fill before the Bears exhaust.
Due to the lack of enough adequate structure from past price action, this Bull Bat may have difficulty rising. Let's see how it unfolds.
Before this Cypher formed, I was unaware of it until the bat pattern below it did not result in a positive pip return. Sometimes smaller advanced patterns cannot be executed because of larger patterns engulfing them. Now, if the smaller advanced pattern goes in the direction of the trend that forms the larger one, you will be more secure in executing trades on...
Based on previous structure, it seems like we will have a winner based on the higher highs previous of this Bull Gartley pattern. RSI shows more bearish potential to trigger the limit order.