parviz1953

parviz1953

This XAUUSD price pattern ,could be a bullish BAT pattern now passed the C point and may go down to its D ,for completion ?

parviz1953

There are 3 reason that i believe we will have a drop in price and a correction: 1- Price has touched the upper bound of the ascending channel . 2 -There is a good engulfing candle at that point . 3 - Completion of the ABCD pattern and D point happened there .

parviz1953

It seems that price has completed an ABCD pattern , so i think the next move would be a correction down to the resistance level drawn on chart

parviz1953

XABCD bullish harmonic pattern is going to completion on D point , so, sell is in order till then and i expect bullish move again afterward.

parviz1953 Updated 

It seems the price is completing a typical bearish Cypher pattern, and at the same time you may also notice the smaller Crab pattern drawn in red. If so ,i expect the price to drop to the 61.8% retracement of CD line , where there is a strong support zone too.

parviz1953

It seems the price is completing a typical bearish Cypher pattern, if so ,i expect it to drop to 61.8% retracement of CD line , where there is a strong support zone too.

parviz1953 Updated 

The bullish swing stopped around 2500 ,and is going to retrace down , so i believe its first target is support zone around 2350, which has confluence with 38.2% fibo retracement, then we will have 2nd support zone around 2150 which is at the same level as 61.8% retracement zone .

parviz1953 Updated 

As drawing shows ,I believe price has reached the upper boundary of bullish channel , it is around the C point of an ABCD pattern ,and it is going down to complete the pattern and at the same time the last arm of a large daily head and shoulder pattern.

parviz1953

The upward moving channel was broken by price on its lower boundary . It has moved up to retest the resistance on this boundary and i think it will again goes down

parviz1953 Updated 

Retracing bullish channel has been broken downward ,to complete the ABCD pattern, i believe it continue till touching the lower boundary of larger bearish channel.

parviz1953 Updated 

After reaching my third target as shown in my previous post of 2070 , still bulls are getting the price running up , so my next target i believe would be 2100, based on the ABCD pattern shown on chart , so i still will keep my entries live till then with the trailing stop ,till then.

parviz1953 Updated 

Price is going up in the both descending channel, so to me the first target would be 2020, and if it breaks the upper bound next target would be 2050 , if larger channel upper bound can not hold ,3rd target would be around 2070.

parviz1953

The price was moving in the shown channel, had broken the lower bond of it, and now is retesting it again , what happens next, i believe the trend will continue its downward movement ,to the yellow line in the following week.

parviz1953

Price will go up to form the D point ,then it will fall to reach 61.8 fibo of CD line

parviz1953 Updated 

XABCD formation at C point ,its good idea to go long with low risk and good reward ratio

parviz1953

I believe the price will come down to the green line support,to retest it (38% fibo of AB too ) then we will have another swing high to the D point (red line resistance) completing a symmetrical ABCD pattern.

parviz1953

AS you can see from my previous posts, i have predicted that price will go down to retest the trend line and then i thought that will it moves up , now the Price has already retested the trend line support i think it is time to move up.

parviz1953

As predicted, price reached the target D point, now its time for a retracement, 38.2% of the CD line, would be the first target for those who may choose to take a short position when reversal is confirmed . i am getting ready to go short and aim for TP1 of 38.2 % of CD line, around 150 pip of profit if hopefully price follows my prediction .