WDC, Western Digital Corp. - Breakout on Double BottomNASDAQ:WDC
Clear breakout of the middle peak level of this double bottom.
Excellent Risk Reward considering the Winrate on this pattern.
So, good opportunity to enter Long and follow the trend until it arrives by moving the stops on each retracement.
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Patternsintoprofits
AUDJPY ShortBearish Bat has completed on the 1d with a T-bar and test of all harmonic numbers. X point is a bearish engulfing candle pattern to add confirmation to this strong resistance level. On the 4h chart a small AB=CD pattern, and a larger Alternate 3.14AB=CD have converged in this same area. On the four hour chart a shooting star has just completed as well. Stop can be set just above the high of the X point, and we can enter now. Or trade it intra-day on the smaller time frames selling the pullbacks. Huge potential here, with little risk.
EURGBP, Daily, Bearish BatThis Bat just triggered and I´m looking for a reaction down to ~0,8577. Aggressive management though since this is a type 1 reaction.
Also, there is patterns on both the higher Weekly TF as well as on the lower 240m TF that converges at these levels.
Indicators, that we use in the Harmonic Trader Platform for Ninjatrader 8, is showing a bearish movement.
Great Harmonic Trading to you!
Henrik Siverhall
Harmonic Trader Europe
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