Multiple harmonics suggesting a short in this area
There is one bat pattern that would point us to 8342 - 8224
There is an AB = CD pattern which suggests shorting from 8700-8620 to 8224
And that AB = CD pattern is part of a Cypher pattern which will complete when price dumps to 8070
I have another harmonic pattern on the larger time frame which would complete at 8880 and then reverses back down
Not a bear but I trust in my TA. Stay safe, traders!
There is an AB = CD pattern which suggests shorting from 8700-8620 to 8224
And that AB = CD pattern is part of a Cypher pattern which will complete when price dumps to 8070
I have another harmonic pattern on the larger time frame which would complete at 8880 and then reverses back down
Not a bear but I trust in my TA. Stay safe, traders!
Trade closed: target reached
We have reached the first target. Here is the decision point, we might follow the bat pattern and bounce back up.
Just to let you guys know of that possibility.
Stay safe, traders!
Trade active
Our 8200 target reached, guys!Next stop 8000
Trade closed: target reached
Guyys! All of our targets were reached.I am at the airport right now. I will update another high probability setup once I’m home.
Stay safe, traders!
Kidze
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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.
Kidze
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.