DanTheMan09

DanTheMan09

It took a while but it finally reversed!

DanTheMan09

possible divergences to make a price reversal

DanTheMan09

PRZ found at the bottom confirmed by a bull divergence. There's also a fork incoming in a few days

DanTheMan09

It's working out well

DanTheMan09

Institutions are buying the news so they're dragging the price down to liquidate the retailers. Their intent shows in the price action and indicators.

DanTheMan09

Targets are .382 and .618 retrace

DanTheMan09

Here's a closeup analysis on Wave 4

DanTheMan09

in confluence with the topping out major uptrend found using elliot waves

DanTheMan09

Came up with this chart assuming the major structure correction is an AB=CD harmonic pattern.

DanTheMan09

Showing here how can the correction of the large structure can be completed with targets based on harmonic patterns.

DanTheMan09

Either a 40% short or a 100% long

DanTheMan09 Updated 

A breakout above the ABCDE triangle might validate the pattern.

DanTheMan09

could play the bearish gartley

DanTheMan09

Bearish scenario where a large corrective structure will happen.

DanTheMan09

Gartley formed with a bull divergence on level D

DanTheMan09

confluence with the order block (red line in volume profile)

DanTheMan09

Wave 5 and point D share a common price level for reversal

DanTheMan09

This pattern will be confirmed if a bull divergence with CCI is formed.