HSI, are we going to 31600 ?Here is all patterns i can see with current HSI structure.
At 31600, there is a bearish gartley (78%).
At this exact same level, there is a 5-0 pattern (161% extension) which would lead to a ~50% drop in a form of AB=CD .
I tend to think, when fibs are nicely aligned (confluence) the probability is high to touch the level.
HSI could rally up to 31600, falls down 27400 and bounces back to 31600 again and higher...
5-0 Pattern
BTC
On the hourly timeframe, the entry pulse with a five-wave structure is read,
which also fits into the criteria for the formation of a harmonious reversal pattern 5-0,
provided that the local correction is completed within the local upward channel
without going for a retracement of 50% of the entire movement, in the framework of parallel lines !!!
Trade Ideas Position: EURJPY 5-0A Bullish 5-0 pattern staging for a bigger trade setup. An opportunity for me to engage on a longer-term trade, however, I do need a bullish engulfing candle to close to engage.
Do note tomorrow is a non-farm payroll data release. Traders who aren't comfortable should wait out for the news and usually, I will engaged 15-45mins after the release of non-farm payroll.
AUD 5-0 pattern short.The Australian dollar went out of the shark evolution 5-0 pattern, short, four-hour chart, the Australian dollar short-term sentiment, the daily chart is still in a short trend.
The position of 0.5 inversion is also the structure "top-to-bottom conversion" of the perimeter graph.
First objective: 0.675
Second goal: break the previous low
Goal 3: Look lower (0.64600)
GBPUSD-Weekly Market Analysis-Jul19,Wk4Bullish Shark Pattern complete as a counter-trend trade. A trade that on the day of engagement produced a 114pips of profits has now slid to 70pips of profit without risk at the moment.
On the 4-hourly chart(left) has a selling opportunity form at 1.2739 as a bearish shark pattern. A potential price to see retracement at the level but with that, it does pose a buying opportunity too.
Do you know why so? Comment down below.
I asked a friend to make a schedule of this asset AZNtechnical analysis
The asset goes to the weekly channel.
I see a pattern that is drawn in red)
Mid channel pushed buyers away.
Let's go on the script.
If you look at the timeframe you can find a better entry point,
I would enter after the breakdown of the white border and put a stop flat abroad)