The harmonic pattern seems to be complete. The retracement level will be the old supply zone corresponding to the 1,13 and 1.27 fibonacci level. I don't think it will go below that. Even if it goes down, it wouldn't make sense to sell anything here. Loss correction can be made by adding sub-regions. but for this, first of all, it is necessary to see if the line I drew with the red line will be broken.
While the CMF indicator is 0.17 above zero, if the trend of the cmf indicator suggests that it will continue down, some amount can be sold to buy back from below. (for 4H time period)
This was a pessimistic picture. Now let's look at it from an optimistic perspective. While it is above the red line, which corresponds to 0.618 in the 4-hour time frame, if it does test the 0.382 fibonacci level in the daily time frame and stay there, it will turn up again and start a new trend. It should look like this. If this happens, the Inverse Head and Shoulders pattern will appear. To understand this ahead of time, the right shoulder volume candles should continue to shrink as I show in the chart below. Again, in this chart, you can see the targets that could be possible if the scenario we predict happens. Shoulder height will be completed first. This is target 1. A cup pattern should appear when Head and Shoulders is completely finished. It has to retreat from here and go up to handle height. this is target 2 It should then reach the cup depth. This is goal 3 If we have not made any mistakes in this simulation, this image will emerge. Both Inverse Head and Shoulders pattern, cup pattern and Fibonacci levels show full compatibility with each other. By following the indicator values, it can be predicted whether this will happen or not. But it should be wiser to act as if the scenario I first described will happen. Because sometimes not losing is winning.
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