alexanderlloyd88

alexanderlloyd88

If price action: 1) makes a Re-test of the 0.5 Fib level before, 2) resting the previous support, We could have a potential inverse head and shoulders forming, Monthly- Looks like its facing a long term channel support, Weekly- Respected trend line now we have a green engulfing candle so will either make another move to the upside or melt back to test the...

alexanderlloyd88

Price has rejected the 618 retrace of the last major upside impulse . Now expecting a downward move if the head and shoulders completes.

alexanderlloyd88 Updated 

Failed to break past the weekly impulse 618 level three times, expecting a push lower now if it can break the neckline.

alexanderlloyd88

If the price fails to break higher on this impulse then a potential head and shoulders pattern may arise.

alexanderlloyd88

Potential continuation of downtrend occurring, currently testing the .5 Fib retracement and the 4hr Ema.

alexanderlloyd88

-ABCD pattern that aligns with, -Long term Fib retrace, -Long term trendline Waiting for the potential 0.5 pullback to buy. Let me know what you guys think of this