AU is on a strong support/demand zone, the same zone complemented by a Bullish crab potential reversal zone and the pattern reversed at the 1.618 extension, price reversed the first time which means the crab pattern is valid, price comes back to the zone the second time, and respecting the support/demand zone again, a good time to go Long.
strong resistanc zone ,previous support that broke into resistance,is now acting as a rejection area,price tested the zone and recently shifted away from the resistance zone,downtrend continues
equal lows ,strong support level .. looking maybe to start a trend reversal formations for the next coming days.
gold is in a rally phase,so i look to continue the uptrend from the long bearish move in the channel, the channel resistance break out will be another confirmation.the harmonic pattern is a bullish Gartley pattern,but it is critical because the D point reversal harmonic calculation is past 0.786&0.886 but price respected the X point and reversed,LONG.
overall price is still on a rally phase(uptrend) ,bullish alternate bat to continue the trend.
after the harmonic pattern was confirmed and completed ,now price is reversing between the 0.886 and 0.786 retracement level of the completed ABCD ,look for price to break short below point X
a confirming Bullish Bat pattern underway,price just reversed at 0.886XA retracement level after passing through the 0.1618BC extension level,strong reversal signal in the PRZ.
Bearsh butterfly D point my current HH,still holding and i identified all market strucure phases , price came above the flippy after giving a signall(NEW LL) and it retest the zone today and it is above the flippy zone a good area to look for an entry short above the flippy only.
Harmonic pattern past completed Bearish crab ,I have another harmonic completed Gartley pattern D point reversed in the Prz red box ,at the same level as the 50% retracement level of crab pattern point A to D .which becomes a strong demand zone to look for buy..this setup complements my previous setup on this pair
an ABCD pattern complete in the PRZ,as well the bullish CRAB pattern complete inside the PRZ ,looking to buy the pair .
market strucure identification of 2 heads(2 x HH) and two tails ( 2 x LL),rally move is expected to continue until a new HH is present.
reversal long happenned and was looking at a possible 0.618 retracement level ,price reversed early respecting the previous resistance drop phase continues.....
Harmonic beArish alternate bat completion point D has been reached and showing signs of rejection(wicks) near or at the PRZ,inside my SGB i still a possible valid DP ,the DP zone to look for sell is complemented harmonic calculation completion point D 1.13 in the PRZ(potential reversal zone) ....
The price comes from RBR is held by SDP(SUCCESSFUL DECISION POINT) From previous base with DP(DECISION POINT),IN THE SGB AREA There is a base with DP and it is in the form of DBD ,DP that held the price failed to create new HH.price that was successfully held by DP becomes SDP,or FTR (Failed to return) as it failed to return to create nEw HH, looking at price...
bearish bat pattern complete,Harmonic D point complemented by DP AND the zone was hit price showing rejection and a candle stick reversal near or at the POTENTIAL REVERSAL ZONE.. PRICE MUST GO DOWN.
according to the market structure,and harmonic patterns a rally move has to continue ,rally phase is identified by 2heads and 2tails. Harmonic points A&C are the two tails A=low & C=LL AND B&D are the two heads B=high & D= HH.The gartley pattern has reversed in the PRZ becomes a valid bearish gartley pattern. for entry ,price is currently reversing/reversed...
harmonic pattern named bearish bat visible,the PRZ is complemented by a DP sell zone at or near the fibonacci harmonic pattern completion calculations,looking to go short as soon as price shows rejection in the harmonic potential reversal zone(prz) at or near my decision point(DP) zone inside the SGB(all phases visible).