A potential 5-0 pattern may be developing on the DAILY charts of GBPUSD. This is something to monitor for this week into next week. The harmonic ratios for a valid 5-0 pattern are detailed below. Initial impulsive reversal at X A B: 113.0 - 161.8% C: 161.8 - 224.0% D: 50%
A potential 5-0 pattern may be developing on the one hours (H1) charts of USDCAD. This is something to monitor for this week. The harmonic ratios for a valid 5-0 pattern are detailed below. Initial impulsive reversal at X A B: 113.0 - 161.8% C: 161.8 - 224.0% D: 50%
A potential 5-0 pattern may be developing on the four hours (H4) charts of EURUSD 0.16% . This is something to monitor for next week. The harmonic ratios for a valid 5-0 pattern are detailed below. Initial impulsive reversal at X A B: 113.0 - 161.8% C: 161.8 - 224.0% D: 50%
The Bearish Bat Pattern completed and price action looks good in the PRZ. Price may get to the weekly trend line before retesting. Looking like a good Risk/Reward of 1:3.
Will monitor for the next couple of weeks
The Garley harmonic pattern completed with the RSI below 30 level. For further confirmation i would look for a reversal candle stick pattern in the PRZ, as well as, a hook up on the RSI.