parviz1953

parviz1953 Updated 

After reaching my third target as shown in my previous post of 2070 , still bulls are getting the price running up , so my next target i believe would be 2100, based on the ABCD pattern shown on chart , so i still will keep my entries live till then with the trailing stop ,till then.

parviz1953 Updated 

Price is going up in the both descending channel, so to me the first target would be 2020, and if it breaks the upper bound next target would be 2050 , if larger channel upper bound can not hold ,3rd target would be around 2070.

parviz1953

The price was moving in the shown channel, had broken the lower bond of it, and now is retesting it again , what happens next, i believe the trend will continue its downward movement ,to the yellow line in the following week.

parviz1953

Price will go up to form the D point ,then it will fall to reach 61.8 fibo of CD line

parviz1953 Updated 

XABCD formation at C point ,its good idea to go long with low risk and good reward ratio

parviz1953

I believe the price will come down to the green line support,to retest it (38% fibo of AB too ) then we will have another swing high to the D point (red line resistance) completing a symmetrical ABCD pattern.

parviz1953

AS you can see from my previous posts, i have predicted that price will go down to retest the trend line and then i thought that will it moves up , now the Price has already retested the trend line support i think it is time to move up.

parviz1953

As predicted, price reached the target D point, now its time for a retracement, 38.2% of the CD line, would be the first target for those who may choose to take a short position when reversal is confirmed . i am getting ready to go short and aim for TP1 of 38.2 % of CD line, around 150 pip of profit if hopefully price follows my prediction .

parviz1953 Updated 

I believe to reach the D point the upper price channel bond will break , then a retest of it and continuation of bullish trend are in order...

parviz1953 Updated 

As i predicted before ,still trend would remain bullish, as you may notice ,the 2D points are Tf1 and Tf2 as i see price change.

parviz1953

It seems that the price will continue up to the D point during next week..

parviz1953 Updated 

Price moving in the channel touched the lower bond , RSI is in the overbought range, symmetrical ABCD pattern completed and 127% fibo projection of AB swing confluence ,so I think its time to go long .

parviz1953

Price moving in the channel touched the lower bond ,and RSI is in the overbought range, symmetrical ABCD pattern completed, ,I think its time to go long .

parviz1953 Updated 

If the LTF confirm trend reversal , then a new XABCD pattern may form (now at C point) ,then a long trade would be a good idea with a nice Risk to Reward ratio.

parviz1953

A bearish divergence may indicate bulls loss of interest

parviz1953

Hello traders , i believe the price will follow the ABCD pattern shown , i have shown the main support and resistance prices (blue horizontal lines)

parviz1953

I believe the price movement will follow the drawn path during the following weeks....

parviz1953 Updated 

At D point , Garteley pattern will be completed ,consider sell trade now with breaking even at 38.2% and tp at 62.8 % of the CD line