Trader500Trader

Trader500Trader

as long as the weekly close is above D 8050 everything is fine and we will see 13000 (50% retrace) this pattern is bullish

Trader500Trader Updated 

Targets are highlighted in red, offcourse there is the possibility to go (much) higher. Adjust your stops after hitting target and try to make it a free ride!

Trader500Trader

amazing to see so many ABCD patterns, only in this smal time there are tree already(i have draw two here) and they all trigger exactly at ponit D

Trader500Trader Updated 

AB=CD pattern doents line up very nice with the fibs possible reversal here to 13500

Trader500Trader

So far it seems the measured move AB=CD is doing its job. Price was held back by point B for a while but now it broke and price goes up again it seems. Short term key level here is 50% of AD wich is 13493.5 This level is the first target of this revalsal pattern if we can break that short term key we can expect a new attack for the longer term key 14070

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lets see what will happen here

Trader500Trader

bnb

Trader500Trader

AB=CD Often this harmonic pattern gives a sweet entry with a good RR

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vib

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trx

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icx

Trader500Trader

omg

Trader500Trader Updated 

what do you think?

Trader500Trader

those fibs seems to work nice

Trader500Trader

i tried to draw in some fibs on this one...its not easy what do you think?

Trader500Trader Updated 

IF it happens we would go up from here all the way to point D, expect a bearish reversal at point D with a good RR for a short position. Stop should be above X. i will update on the targets in case this scenario would unfold

Trader500Trader

Maybe it will never happen but in case point B will break there is a good change we will go to D When that happens point D is a possible reversal zone with a good RR for a swing long The fibs dont line up very nice in this one but its close enough i will keep you updated on this one!

Trader500Trader Updated 

The broken neckline was tested back now for three times. When a level gets tested more than two times often the level will not hold for long anymore. Also, the price did not get rejected at the neckline, instead there seems to be acceptance. Conclusion is; bears seems to run out of fuel for now, bulls can take back the neckline soon, the bearish reversal...