I believe to reach the D point the upper price channel bond will break , then a retest of it and continuation of bullish trend are in order...
As i predicted before ,still trend would remain bullish, as you may notice ,the 2D points are Tf1 and Tf2 as i see price change.
It seems that the price will continue up to the D point during next week..
Price moving in the channel touched the lower bond , RSI is in the overbought range, symmetrical ABCD pattern completed and 127% fibo projection of AB swing confluence ,so I think its time to go long .
Price moving in the channel touched the lower bond ,and RSI is in the overbought range, symmetrical ABCD pattern completed, ,I think its time to go long .
If the LTF confirm trend reversal , then a new XABCD pattern may form (now at C point) ,then a long trade would be a good idea with a nice Risk to Reward ratio.
Hello traders , i believe the price will follow the ABCD pattern shown , i have shown the main support and resistance prices (blue horizontal lines)
I believe the price movement will follow the drawn path during the following weeks....
At D point , Garteley pattern will be completed ,consider sell trade now with breaking even at 38.2% and tp at 62.8 % of the CD line
A Garteley pattern to be formed on daily chart it is a good idea to buy at C point , low risk and good reward ...
If you have seen my previous post , now the price is at the D point and bat pattern was completed ,it is time to short now , it is now with a very good R:R ratio , if the price go higher and pass the X point , then the bat pattern has failed.
A bearish Bat harmonic pattern ,in the way of completion ,wait for the D point to be reached ....
Price will go even higher ,will break the upper bond of the channel and will complete the AB=CD pattern..
in addition to completion of harmonic pattern ,in the descending trend channel , price has tested the lower band and it will go up hopefully...
XABCD pattern completed , now buy and set break even at 38.6% and tp at 61.8% of reteracment of the CD line
Bullish Garteley pattern is going to complete at D point , an area to consider a buy trade , with the TP set at 61.8% of CD line ...
If you have seen my previous post , you will notice that it took a little more time , but the price followed the same route as l predicted , so still sell is in order ,till the D point, then buy and set TP at 61.8 of CD line ..