Benalistar
Forecast (Bat & Butterfly)US30 - This is where I see price heading... (Sorry about the slightly messy chart)
First up to the first c point of the blue bat (Theres a large imbalance on the HTF here) along with a nice OB, then from there a nice drop to the D point which is the C point of the potential butterfly (Along with support and a LTF imbalance) then bounce from there! But let's watch price and see what happens! 😃
Whats your thoughts?
Deep Crab Almost CompleteDeep crab almost complete, price is currently rejecting from one of Januarys resistance levels & the dollar has weakened slightly (For now) I feel a that most of the steep drop has finished and price may move down to the crab D point or the 1.34000 and consolidate for a while before pushing potentially reversing,
Whats your thoughts?
Potential Reversal? We should get a pullback here to at least the 50% before potentially continuing down....
We've had days of bearish PA plus lows taken out with no retracement, now price is sitting on a very strong daily orderblock from January (And has also filled a large imbalance)
If price breaks this then I have the next zone of support landing on my daily deep crabs D point (See image)
Price has also overshot a 4H deep crab by 25 pips (This deep crab also touches the zone of daily imbalance)
Whats your thoughts?
Bat In Shark! Shark pattern is still valid but we now have a bat forming inside, the D point of the bat lands inside an imbalance so this is where I can see price moving first as it's currently bearish on the LTF, first towards the D point of the Bat, then the D point of the shark to clear the larger imbalance before the downtrend continuation.
Let me know your thoughts!
Shark Almost Complete Shark is looking nice to short, multiple BOS on LTF, i'm waiting for a retest of the weekly high before shorting!
Descending Channel + Bat We have a potential descending channel on Gold with a bat for extra confirmation, will wait for the break to the downside/retest of the channel for before shorting down to the D point then the 100%!
Could be a huge move this one, set your alarms!
Also let me know you're thoughts!
Potential Shark Nice looking shark here and good potential short on the CD leg,
trading away from the daily/weekly high down to the previous lows, we've already had a nice BOS.
The shark D leg also lands in an order block, but this could be a nice 500 pip move!