✅ Harmonic Formation (Bearish Potential)
⚠️ Selling Bias forming soon
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🧩 Pattern Breakdown:
A Bearish Harmonic Pattern (likely Butterfly or Deep Crab) has been identified and is now nearing completion at the D point.
Current price is approaching key resistance / reversal zone, precisely around the 0.786 - 0.886 fib area (highlighted red).
The Risk-to-Reward is clearly mapped:
🔺 Stop Loss: 1.19405
✅ Entry Zone: Around 1.17106
🎯 Target: 1.09588
Potential short setup if price respects the harmonic symmetry and fails to break above resistance.
⚠️ Selling Bias forming soon
---
🧩 Pattern Breakdown:
A Bearish Harmonic Pattern (likely Butterfly or Deep Crab) has been identified and is now nearing completion at the D point.
Current price is approaching key resistance / reversal zone, precisely around the 0.786 - 0.886 fib area (highlighted red).
The Risk-to-Reward is clearly mapped:
🔺 Stop Loss: 1.19405
✅ Entry Zone: Around 1.17106
🎯 Target: 1.09588
Potential short setup if price respects the harmonic symmetry and fails to break above resistance.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.