Overall trend is assumed to be bullish as the final bullish wave 5 is forming * Sell The breakout of the pink arrow * Buy the breakout of the green arrow which signals the bullish wave 5 , whose its targets are shown by 1 , 1.618 & 2.618 red fibo levels .
Emerging AB=CD Pattern shown by green labels Plz note that each of the AB & CD waves are impulsive Elliott waves Bullish Wave 5 in progress The breakdown of the dotted up pink channel ends the bullish wave 5 move and triggers a reversal in trend to the downside The bullish wave 5 should complete at any point inside the pink rectangular zone , and...
This idea is related to the below one on daily chart Two emerging bullish harmonics being forming , 1. Shark 2. Nen Star You can benefit from these emerging patterns buy going long only on the breakout of the pink horizontal line which triggered a good signal for point D of the harmonic pattern to be reached .
Emerging Bearish shark Emerging Bullish Leading Diagonal is forming which will corrects to the downside at the completion point D of the current emerging bearish shark Long term trend is likely to be bullish
Emerging Bat + Bullish Elliot Wave 5
Emerging Bat The blue triangle represents the corrective bearish wave B of an emerging bullish ABC pattern . Buy it's breakout to the PRZ of the emerging bat pattern from which price may reverse to the downside
Emerging Bullish Anti Shark Buy the breakout
Sell The breakout of the Expanding Ending Diagonal
Sell The breakout to catch the coming bearish wave 5
Bearish Anti Alt. Shark Sell the breakout
The final bullish wave 5 is in progress Sell the breakout of the yellow support
4 Emerging Bearish Harmonic Patterns as shown with the PRZs specified Look for any oscillators divergence at those PRZs , Volume Spread Analysis will be a good tool for signalling the sell order and the completion of the harmonic pattern