Potential Bullish Butterfly Pattern is in emerging now... Was hoping for price to push up to at least 61% to 88% retracement level prior for the next reversal. =) The long rectangular will act as a strong reversal level where all fibo cluster together.. But of course, I do agree that price can fall anytime from now as in it has already met the minimum...
Possibility of Forming Bearish Bat Pattern here. Currently Looks like Point X, A and B have been completed... Now price is moving up to form Point C.. Target possible location for Point C will be around Fibo 61.8 and 78.6 Level. By Looking at the Trendline's projection seems like price may have a chance to reverse at Fibo 78.6 level..
There is this Bearish ABCD Chart in EURUSD. Due to strong Fibo Confluence at 161.8 and 190.2 Fibo level, there will be a possibility that the Point D of ABCD will rally up to one of these level before making a strong retracement. Currently The Point D has push over 127.2 level and is making pull back now.. i would presume this is a small pullback prior to next...
Looking for a possible retracement from an ABCD pattern as in RSI and STOCH are located in OB zone plus the ABCD requirement matches well with fibonacci level .. =)
Possible Chance to go for retracement prior to next rally =)
1.3153 shows strong support, if manage to break out, a possible short position to the above mentioned target fibo level could be possible as well ..
Awaiting for the final position of Point C. If a gartley is to formed, price will decline to Point D to complete the whole Pattern... More signal is needed to further confirm on the short position from C to D
Possible Butterfly pattern in 5Min EURUSD... Now just have to wait for the Completion of D Point =) The rest of the Fibo levels are well matches the requirement. =)
By putting up a Trendline Channel, seems to be able to find a Wolfe Wave Pattern. As in I am new to Wolfe Wave Pattern, therefore I am not too sure how correct is my chart ... =) While for the ABCD, Price Exceed 190.2 Level. As of last Friday price close below 190.2 therefore I hoping for a short entry at 161.8 Level.. Let's see how it works on Monday... =) Cheers!!
The D Point for this Extended ABCD is almost hitting 261.8 Fibo level, looks kinda unusual to me (Looks like too high.. =) Therefore I personally believe that it's about time to retrace. Therefore I a short trade is being propose here. Hopefully it works!! Cheers!!
Potential Bearish ABCD. This is almost an Ideal ABCD with all the ratio met with the standard requirements. If price continue to shoot higher on Monday, I will watch for the fibo level of 161.8 which a reversal may happen. If price rally up high to 161.8, I will adjust my entry to 127.2 Fibo Level. If Monday price continue to go down, I will follow my current...
A Bearish Bat pattern was completely formed in EURUSD4H Chart. All Fibo levels matches well with the standard Bat's requirement.
A Bearish Bat Pattern has completely formed. Looking back at the chart, I have circle up all all the important fibo levels. All matches well with the Bat's requirement. =)
once the upcoming bar drop below the trendline of point 1 & 3, it should be about time to enter short @ ~ 1.28400 , TP @ 1.27351 . SL @ 1.28699... =)