Emerging Bearish Harmonic ConfluencesEmerging Bearish Harmonic Patterns
1- Anti Nen Star
2- Butterfly
3- Bat
The PRZ is indicated by the confluences of two bearish emerging harmonic patterns which are butterfly & anti nen star, wait for bearish price action at this zone to confirm your short entry and don't forget to setup a proper stop loss before placing any order " as a general rule in all of your trades , money management is the most important "
You can buy the breakout of the horizontal "range" channel after retest or bullish price action , target will be to the PRZ
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Anti_nen_star
Harmonic + Elliot Wave OutlookI think the Bearish outlook is more probable , however we should wait for the direction of the breakout to confirm the bias
Emerging short-term Bullish harmonic patterns " in red & yellow " ; Shark , Alt. Shark & also , medium-term bullish green harmonic pattern which is anti nen-star
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Elliott Wave & Harmonic OutlookI think we have a corrective bullish ABC structure being forming in progress , in which wave A is a Leading Diagonal , and the current wave forming is B which is WXY corrective pattern and can ends down to the pink 1.618 fibo level , but I think we have a good possibility for that corrective wave to end at the pink 1.0 fibo level as near that level an Anti Nen Star Harmonic Pattern will be formed . That green zone is a strong PRZ to the up side to form the final bullish wave C
as long as price holds below the dashed red horizontal line , short position can be placed to 1.0 pink fibo level , then look for any signal to go long as long as price holds above the pink 1.618 fibo level
Elliott Wave & Harmonics Outlook - Long-TermEmerging 4 bearish Anti Harmonic Patterns
From Elliot wave point of view , we are moving currently in the bullish corrective wave C within the dotted up trend channel indicated in the chart . We need to wait for its breakdown to confirm the end of wave C
Sell the breakouts indicated by the red arrows if you are a conservative trader
The green triangle may be an ending diagonal , you can sell it to the target of wave 4
Bullish Elliott & Harmonics OutlookCurrently , expanding triangle is in progress which is a part of bearish C correction of an ABC corrective structure that forms wave 2
Buy the breakout of the expanding triangle which indicates the start of the bullish wave 3
Initial three targets are shown by the up green arrows .
The invalidation level for that setup is shown in red !
Elliott & Harmonic OutlookMedium Term Bullish
Long Term - Bearish
3 Bearish Harmonic Patterns are emerging, which are :-
1-Gartley
2- Anti Nen Star
3- Anti Alt. Shark
I Think currently there may be a bearish correction within the bearish dotted yellow channel . Long entries can be placed on the breakout of that yellowish channel aiming the targets at which point D of the harmonic patterns is reached . The first minimum target is at the completion of the Gartley Pattern
After the completion of the harmonic pattern , look for selling using any confirmation tool such as oscillators divergence of volume spread analysis , etc..
Elliot wave counting is indicated showing that , bullish wave c of a corrective ABC structure is being in progress . Currently , the bearish wave 4 maybe in progress , and we are waiting for the bullish impulsive wave 5 at which wave C of the corrective structure completes