Yesterdays prediction is playing out nicely. We have rolled over into the predicted killzone right around the zone of a 382 fib retracement, and AB=CD move and the 188.00 psychological number with the RSI pushing down into the extreme oversold zone. We have also put in a bullish bat pattern which is nearing completion, giving an extra layer of confluence for a long entry.
Yesterdays Low and Tights flag never gave a signal and the pattern became invalidated, turning into a descending channel. As expected with a descending channel we have seen some relief pulling back into a 1st chance entry zone. There was a nice double top over night so would need a 2nd chance to get involved. if price pushes higher then there is another killzone...
After a break and close above major structure price is now putting in a pullback giving a great opportunity to jump on for a long entry. Price is just pulling into inside structure and if it continues lower there is a nice zone for entries at outside structure, lining up with the 382 retracement and the 188-188.5 psychological zone. Using our HTF there is nothing...
Price has recently broke below key support and is now consolidating as a low and tight flag pattern. There is a nice structure level just below lining up around the 127 fib ext to look to take targets
Price is currently pushing into a key level of daily structure. This paired with the RSI already gone oversold could indicate that a reversal could be coming. If price continues to push higher into this key daily structure then this is a powerful level to look for a short opportunity
Price has closed below key Daily structure with Daily timeframe confirmation. If price continues to push higher back into the 50/618 fib retracement zone at minor structure then this could be a good opportunity to get short for a continuation lower
Price has reacted off key Daily support and pushed up into key inside structure and held. If price holds this level then it could be a good opportunity to look for a short opportunity back down the recent outside structure with a potential to continue lower to complete a bullish bat pattern
Price is testing the lower level of consolidation and currently appears to be holding. If the current candle can put in a H3C then this is a good signal for a long entry
1H potential bearish cypher. If the Cypher completes and pushes slightly higher before retracing to targets then a second, 4H bearish Gartley/Bat (depending on data feed) advanced pattern could allso get triggered in
Price has broke from consolidation. I will now wait for price to pullback. The highest level of confluence for price to pull back to at the minute is withing the yellow box. Once price has confirmed it is starting to pullback the I will narrow the zone down slightly using fibs, harmonic moves etc
Price recently put in a failed breakout. Putting in a H3C which was completely engulfed then formed a DT. Price is now pushing back to retest recent highs. If price can break these high I expect an extension up to the 161.50 level.
If we can hold our current price level then I expect price to continue higher. Target 1 for a Daily Cypher is just above recent highs so it would be nice to at least see those hit
We've broken from consolidation highs with HTF confirmation. As there isn't much room to the upside before the next key structure and a 4H bat pattern completion, I would like to see a deep retracement before continuing higher.
