Harmonic formed at D completion
Daily
- main price trend is bearish - see Blue line
- this pattern is a sell at the D completion point.
- this coincides with the trend line.
- RSI at 70 level so expect a shift downwards even though RSI is still in general upward direction.
4hr
- price at structural resistance.
- price has formed Bat
- RSI is majorly overbought.
- confluence from 1.61.8 and 1.272 of the two swings inside the C to D leg
1hr
- Awaiting entry
- main price trend is bearish - see Blue line
- this pattern is a sell at the D completion point.
- this coincides with the trend line.
- RSI at 70 level so expect a shift downwards even though RSI is still in general upward direction.
4hr
- price at structural resistance.
- price has formed Bat
- RSI is majorly overbought.
- confluence from 1.61.8 and 1.272 of the two swings inside the C to D leg
1hr
- Awaiting entry
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