Potential Fractal in play
Expecting a 3 wave structure down to lower supply zone around 0.95809
The PRZ drawn (green) shows my first TP zone
TP 1 includes fib and support zones that will create a running flat if it performs as currently advertised
Expecting either a reversal or increase in activity around the zone
IF price passes this zone with some momentum I will adjust as necessary and push to the lower support
The bull rallies circles in teal show similar structure which give the ides of a possible fractal to play out but again adjustments will be made as necessary
Price is currently showing signs of reversal however price couldn't potentially push to the upper zone of resistance which Im not expecting but just keep an open mind
Price:
Currently Ranging
Showing heavy divergence
And rejected BB 21, 50 and extreme supply zone blue)
**you also see I wrote "possible" butterfly
bearish butterfly fits if it fits within your allowable band
there is also a possible harmonic building which I will draw on the lower TF
The PRZ drawn (green) shows my first TP zone
TP 1 includes fib and support zones that will create a running flat if it performs as currently advertised
Expecting either a reversal or increase in activity around the zone
IF price passes this zone with some momentum I will adjust as necessary and push to the lower support
The bull rallies circles in teal show similar structure which give the ides of a possible fractal to play out but again adjustments will be made as necessary
Price is currently showing signs of reversal however price couldn't potentially push to the upper zone of resistance which Im not expecting but just keep an open mind
Price:
Currently Ranging
Showing heavy divergence
And rejected BB 21, 50 and extreme supply zone blue)
**you also see I wrote "possible" butterfly
bearish butterfly fits if it fits within your allowable band
there is also a possible harmonic building which I will draw on the lower TF
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