So we do Have a clear trend break that is very clear so this confirms we are no longer in a bearish market and we have a retest at the fib level of 78.6 which reciprocates to 1.27 mark so this is a safe long since we do have a trend break and made a double bottom as well. we can expect it to retest that 1.27 resistant mark its safe to say we can easily catch...
So we have a rejection for the last 10 hours on the GOLDEN RATION 61.8 HOWEVER WE ARE STILL IN A BEAR MARKET, i will be waiting for the next candle to wait and see how the market plays out , but the position is long because we are having a consolidation in the zone he we broke markets structure previous high and its reciprocal of 61.8 is 1.618 which i will...
So we have a clear rejection on the 61.8 in the Fibonacci ratio i believe it will reciprocate to its next target which is the 1.618, We are still in a Bear market you can see the clear trend line i did draw however we did reject the 61.8 which is the golden ratio for more than 10+ hours so i have strong feeling the bull market will trend for us intill we get a...
Bearish Gartley Formed on the 1H on USDJPY were waiting for full completion so i will update if D LEG completes and forms a Bearish Variation candlestick
We had a Trend Break on the 15 min which means that we are no longer shorting we are longing the position, first completion of leg A:B completed at 42.8 which is a kiss to the 50% retracement which is our first valid leg in a harmonic bat, Now we need to make sure leg C doesn't go pass leg A THAT IS IMPORTANT THAT YOUR LEG C DOES NOT GO PASS A OR IT IS INVALID...
Market Structure is Key to drawing up any harmoic pattern. Your most important impulse leg is your a:b and c:d you need to make sure that these reciprocate one another. I knew trend reversal was inevitable because we had a trend break on H4 which means for a stronger trend correlation. So once D pattern completed I do candle stick analysis on a lower time frame...