i already called out a bearish cypher on E/U and now A/U is setting up the same! i have a long in taking this from the C to D leg in hopes of a completion of this cypher pattern. look for possible shorts at the completion.
too lazy to explain why i'm selling but i'm selling. Higher time frame says it all. nice RR on this one.
Cypher pattern spotted on the daily. Before the cypher takes off and gives us a possible bullish run i'm expecting it to push a little further down to my C point. i already have a sale in play. there is 161 pips left until our C leg completes. My C point is also at a Large Quarter point so look for possible BUYS there moving up to complete our C to D leg!
gold has been overall bearish on the higher time frames. this harmonic pattern goes in line withthe overall trend direction. i thought i posted this idea but i guess not. first tp of 38.2 has been reached and awaiting for 61.8 tp to be hit. stops are break even now.
a bounce off of my 61.8% fib, riding this C to D leg on the ABCD pattern! then await for a short once the pattern completes.
I'm expecting a nice bull run back into the .05350's. our CURRENT market sentiment is bullish so i'm expecting the bulls to run back into the bottom of a bearish trendline i drew off of the daily. The trendline is also my 1.272 extension level, so i'll then be looking for POSSIBLE sells around that area back into the overall bear trend. TP: 1.05350 SL: 1.04140