Both Bullish and Bearish harmonic patterns indicate a drop on LTF. It has a been a fantastic Bull phase for LINK. Not in the long trade for now. Just watching price action on the sidelines doing some observations on chart patterns and harmonics.
Note
Based on fib ext. 0.618 could be the ceiling resistance for this move. open above that 0.618 will invalidate the pattern.Note
Target Levels also act as Support, but as each level fails on a candle close beyond TP2, they open larger zones for gains. Careful holding LINK until last high is breached on candle close.
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Get in touch with me if you would like access to my Premium scripts for a trial before deciding on lifetime access.
Telegram - @Trade_Chartist
Free Scripts - bit.ly/Free-Scripts
Telegram - @Trade_Chartist
Free Scripts - bit.ly/Free-Scripts
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.