Shark within a butterfly! It will be interesting to see how price reacts to the current level as its a strong PRZ and there still a lot of imbalance to fill above this level which would complete the butterfly/shark before continuing in the direction of the trend, I really want to see a nice retrace here! (Will keep you posted, If I see a reversal I will be taking some scalps long here!)
Benalistar
CD CrabWe have a previous shark completion here which finished at at 886 and dropped nicely, now we have a potential crab which follows the downward price action, we do have a few of smaller timeframe pullback zones (Which are highlighted with the Alarms)
Price at the C point could still hit anything up to the 886, however we have broken structure to the downside from this level so as long as price doesn't break back above this level we're good for a short, lets wait for confirmation.
Shark Almost Complete Potential shark almost completed, the D point 886 lands nicely inside a zone of imbalance, price action is still bullish, we have some smaller retrace scalps set as price pushes towards this level, quick in and out 30 pip moves from POI's. (First one being above the B point, some nice liquidity trapped there.
Shark Almost Complete Shark almost complete and D point lands right into a previous supply zone/imbalance, we also have price action inducing people short and so I think we will get a nice rejection from the 886 or the 1.13 of the shark, I will wait for price to reach these levels and take action accordingly! (Will keep you posted)
Deep Crab CompletedUS30 - Bullish Deep crab Completed, higher timeframe trendline respected & Imbalance filled, I'm looking for at least a 50% retracement here!
Gartley Almost CompleteWe have a Gartley on the LT that's almost completed with the D point also landing inside a point of imbalance.
Im waiting for price to hit this area of potential PRZ and because of lower TF it will be a smaller retracement before price continues to the upside towards the higher demand zones! (Price action is still bullish)
This could bank us an easy 20/30 pips keep an eye on the 35460, if you see a reversal jump in the trade with a small SL
Shark Completed Shark completed at the 886 and price is now consolidating (I did post my prediction this morning if anyone caught it, which caught all these bullish pips today from close to the C point, zero DD)
I'm wanting price to push to the 1.13 and potentially above before the next drop due to the amount of liquidity up there.
I will wait for price to hit the 1.13 level (If it does) and wait for a reversal signal before looking for a short.
Gartley Almost CompleteGartley almost complete, price is almost at the D point which also lands inside an imbalance so it will be interesting to see how price reacts to this level.
Price action is still bullish on lower TF and there are more liquidity zones above so price could continue and invalidate the gartley hence why patience is key, if I see price reversing at this level we can look to go short!
Keep you updated!