Elliott Wave + Harmonic Patterns OutlookWe have 4 emerging bearish harmonic patterns which are ;
1-Gartley
2- Anti Alt. Shark
3-Anti Shark
4-Anti Cypher
Supply and Demand zones are shown by the green and red rectangles
Elliott Wave scenarios are indicated in the chart
P.S. DON'T ENTER ANY TRADE BEFORE PRICE ACTION CONFIRMS IT AND UNLESS YOU DID SETUP A SUITABLE STOP-LOSS YOU CAN AFFORD !!
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Thanks and wish you all good luck dear traders :)
Anti_alt_shark
Bullish Elliott & Harmonics OutlookCurrently , expanding triangle is in progress which is a part of bearish C correction of an ABC corrective structure that forms wave 2
Buy the breakout of the expanding triangle which indicates the start of the bullish wave 3
Initial three targets are shown by the up green arrows .
The invalidation level for that setup is shown in red !
Elliott & Harmonic OutlookMedium Term Bullish
Long Term - Bearish
3 Bearish Harmonic Patterns are emerging, which are :-
1-Gartley
2- Anti Nen Star
3- Anti Alt. Shark
I Think currently there may be a bearish correction within the bearish dotted yellow channel . Long entries can be placed on the breakout of that yellowish channel aiming the targets at which point D of the harmonic patterns is reached . The first minimum target is at the completion of the Gartley Pattern
After the completion of the harmonic pattern , look for selling using any confirmation tool such as oscillators divergence of volume spread analysis , etc..
Elliot wave counting is indicated showing that , bullish wave c of a corrective ABC structure is being in progress . Currently , the bearish wave 4 maybe in progress , and we are waiting for the bullish impulsive wave 5 at which wave C of the corrective structure completes
Bearish Anti Alt. SharkBearish Anti Alt. Shark with non ideal AB = CD Pattern , the ABCD Pattern is equal in length and not in time
Bearish RSI Divergence should confirm the coming bearish move
VSA Shows a squat up bar in the 4 hr chart which is a sign of weakness for the up move and a test is required to confirm the coming bearish move with a no demand up bar or upthrust bar , etc...
Bullish Anti Alt. SharkBearish Anti Alt. Shark with An Ideal Bullish AB=CD equal in both length and time
An oscillator divergence should confirm the coming up correction
According to VSA we have a strong sign of strength signal which is climax sell . This indicates the market is about to rise and there is a professional buying at the current low .. That climax sell bar must be tested with a down bar line no supply bar of shakeout bar , etc before going long
The Stop loss and targets are shown in the graph