Signs for a W pattern Formation: - False breakout on support 0.71287 (green) - Pin bar pattern on support 0.71287 (yellow) - Channel breakout (red) - On consolidation box breakout: target will be 0.72429 On bigger picture: Why not a Bat? (aqua)
- Cypher pattern - Entry on Double bottom breakout
- Resistance - Pin bar Let price retrace 38.2% - 50% of pin bar, then enter position.
- Fibo - Bat pattern formation - Elliot impulse wave - Overbought
- Pin bar - Resistance If breaks the triangle, it would be bearish
- Being overbought, could be false channel breakout - If it's breakout, then target resistance 116.145 - If not breakout it will retrace to support 114.097 Signs of false breakout: - Overbought on RSI (red), and if break the trend line it will be a confirmation of false breakout - Price retraced on the channel, being false breakout (green)
- Going to hit support 104.151 to complete M pattern - Then complete Gartley Pattern Formation
- Gartley Pattern in place - Consolidation box - Pin Bar + Doji - Support at 0.75798 Target: 0.76944
Triple top after Gartley pattern Target 50% fibo Doji closes on resistance
Box breakout to the North will give us a Bat Box breakout to the South will push to the 101.446
Gartley forming Bearish week Bullish candle rejection
Still in triangle Can have breakout if goes to the North, we can get a nice gartley
More bearish this week before Bullish Gartley