Huge gartley / harmonic pattern setting up on AUDCAD - ready to drop like Jerry Garcia's acid before a 30 minute solo. My target is the .618 retracement of the CD leg.
Gartley setting up nicely but obviously the pattern needs confirmation.
Cop should test 74.6 resistance, and if it breaks, it could play out a perfect AB=CD pattern. 81.84 would be a bonus at the 1.618 extension.
watch for the breakout! without the breakout this could be a continuation pattern.
this is based on the OTE sweet spot retracement level from the swing high (thanks CRInvestor!). Not only is the sweet spot a major fibonacci zone, it's also a retest of previous price control point that has been tested at least 4 times.
So far, BTC is mirroring previous price action on this latest rally.
LTC setting up identical patterns (cup and handle). Scalping opportunity
looking for a trend continuation (bearish) if LTC breaks through support trend line.. if not, this chart is completely useless.
some COP technical analysis using elliott wave and fibonacci retracements.
Look to short on break of triangle channel. Measured move puts the target at ~800.
Look to short on break of triangle channel. Measured move puts the target at ~800.
Look to short COP if resistance is confirmed at around 71.5. target is ~67.7, which is a good support level and the 38.2% fibonacci retracement level.