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Bullish Cypher pattern setting up on the 30 minute FB chart.
On the 30 minute chart there's a small bullish cypher (blue) setting up which will lead on nicely to the bearish gartley set up just above (red).
Set targets at 0.382 and 0.618 for both opportunities as they come into play.
RSI is down in oversold territory looking to reverse.
Long pattern heading to completion.
Okay so I'm still waiting for target to be hit from the cypher that completed last early Monday morning.
DOUBLE TOP! Just spotted a potential double bottom at the cypher completion support line. I'll be looking for a 0.618 retrace from the second bottom uptrend before entering. Targets will be set at 1.272 extension of the first bottom and return (a to b).
On the 1 hour chart there's a bearish cypher recently completed and heading down for profit taking areas. There's also a nice bearish inside bar at the top of the pattern.
In addition on the 4 hour chart this is showing as a double top. Beyond this the stock is heading towards the potential head and shoulders pattern that can be seen on the day chart.
30 minute chart shows a nice bullish cypher setting up. There's a couple of bearish inside bars at the top of the formation.
RSI is over brought and heading down.
Pattern is inline with the support and resistance wedge that has formed.
There's a cypher developing on this chart (red) with a larger gartley opportunity proceeding.
There are a number of bearish inside bars (red arrows on chart) at the top of the cypher formation so I'd expect that to complete shortly.
RSI is bearish.
There's still lots of profit opportunity on this trade. Friday close saw the paid just completed on a gartley pattern and is now heading towards profits areas.
There's also a lovely inside bar as pointed out on the chart. You can look for this resistance line to be broken before entering the bullish trade.
Looking for target 1 hit at 0.382 extension, and then ...
Could it happen? The 200 day MA points that it could!
Just hit targets on the little gartley pattern (green), now waiting on the larger cypher in purple to come in play and there's the potential for a second gartley to set up in red.
Getting ready to enter this trade. Targets at 0.382 and 0.618 bullish retrace.
Lots going on here. Looking to get on the smaller gartley (yellow) any minute now.
Setting up now. On the 15 min chart we're just above the 200ma as well so good sign that this will push up to the entry point for bearish return.
NOTE: Just spotted that there's a second cypher setting up just below this one which will run in line with the entry point for the red one. Game on!
I would expect to see the cypher to come into play first here as the RSI is very bearish across the last three highs. Looking for a bullish entry.
Bearish gartley on the larger 30min/1hour chart. Smaller cypher bullish setting up on the 15/10min charts.
Bull and bearish gartleys heading for completion. Keep eyes peeled.
Targets hit from the 30 min chart AUDUSD. Bullish Gartley. This also forms part of a larger bull move.
I'm going to look to take a little .382 retrace target on this before it heads up towards a larger bull target.