Bat is forming which completes at the end of Elliot wave 5 then long term up side correction is possible
There should be a bearish correction for that strong bullish move The sell signal will be confirmed by the break down of the red channel
I think that pair is going to make a small bullish move as a corrective one then it is going to go strongly down side The break up of the pink channel suggests the bullish corrective move is going to be completed The down break of both the pink channel and red vertical line suggests it is going to go down specially if the break was with a long bearish candle
The Pair is still moving in an upward channel as a main trend Bullish Anti Crab is Formed There maybe still one last correction to the down side within the red down channel The breakout of the red channel give a signal for a strong bullish move There is a big move about to happen for that pair and the breakout will determine its direction
Currently moving in a downside red channel Wait for any bullish move as the pair is currently near the support of the reddish down channel The breakout of the reddish channel to the downside would cause to pair to further move down to the green support line The breakout of the reddish channel to the upside would cause to pair to further move up to the dotted...
Short term Selling as corrective structure of wave 4 is being forming which is a triangle Medium Term Long on the breakout to form the last bullish wave 5 Long Term Sell with a new bearish impulsive wave An overall Bearish Cypher or Shark is being forming
Sell The breakout of the dotted pink support trend line to the PRZ of the Bullish Bat forming Then Long to the fibo targets shown in green
Distribution phase , sell may be coming on the breakdown
Short term selling to the targets of shown harmonic patterns completion at point D Then Long to the fibo targets of the completed pattern at 0.328 and 0.618 fibo levels
After a strong impulsive bearish wave 3 , A Flat WXY Side Way Wave 4 is formed which is 3,3,5 in its internal structure Currently , The final impulsive bearish wave 5 is about to be triggered on the breakdown of the bullish green channel , Also , from Harmonic Pattern Point of view , there is an ideal Inverse AB=CD shown by the green a,b,c labels in circles
The two red down bars marked by the up arrows indicates no supply , Long position can be placed to the shown 3 fibo targets