75.70 - 75.85 zone is reversal point and bears wanna get control again..
it gonna go to touch up trend line
yellow zone , especially pink lines give us to trade chance..
yellow zone and black line re crossing 0.8800-10 .. so reasonable place to short trade
downward channel and pattern's last point D.. 52-54 range may be reasonable purchase zone and its target zone was shown with green box
I wanna gain you to different perspective for MERCK.. rising wedge's target and cypher pattern's last destination D point is crossing .. we re expecting to impulse from there..
2nd sharing for this stock chart ..I ve shared handle cup formation but now green circle shows you that re-test movement of handle cup formation..when the price goes above 138 again, huge move is gonna begin .. rising with vertical angle 's target is 170 - 174 - 178
I ve shared 2618 formation for gold impulse move yesterday.... and now handle cup formation ..target zone is same... first 1830-1840 and then drop sharply towards 1763..
according to 2618 formation first move towards 1830-40 and then down deeper 1763-1740
out of major channel and now time to rising with deep waves..
above 1.2060 or below 1.2060... that is the question..
target was shown with green zone..
it s worth to try if it breaks 8920
wave 1 : 91.20 - 91.45 wave 2 : 89.74 - 89.45 wave 3 : 90.25 - 90.65
I m anticipating this double pattern to work.. first move down and its target was shown with yellow zone.(0.7028-7008). after that impulse to green zone ( 0.7160-0.7205) from D point if you wanna ensure to fall,wait till breakout pink line(0.7152)
I ve shared long term trade plan for this pairs shortly before and now short term trade time... rising triangle and H & S formation...