STXUSDT Mid-Term Short PlanOKX:STXUSDT
Today, CPI data will be released.
It is very important for all markets as well in Crypto.
After CPI data, I believe that it will start a sell pressure in all markets and If we support this idea with technical analysis we can do something like in the chart.
STX is on a good level with supported technical setups like Libra + Cypher + Elliot.
The main target is far away but it is not impossible because when you look the chart zoom out you will see that STX had a solid rally in near future and needs correction...
Therefore, the main target will be the bigger harmonic pattern D point as pointed on the chart.
May the force be with you.
Good Luck!
Harmonicgartley
CRUDEHello and welcome to this analysis
UKOIL formed a Bullish Harmonic Gartley near $83.50 in weekly time frame and reversed from there. In the last few weeks after its 1st round of reversal from the Gartley PRZ it has formed a Cup pattern (rounding bottom) in daily time frame indicating a breakout above $98.50 for $106.
While CRUDE OIL at MCX has formed an Inverse Head & Shoulder pattern in daily time frame indicating a breakout above 7700 for 8200 and 8800. The movement in MCX Crude will largely be impacted by US$-INR also, keep in mind that factor also.
USDCAD: Gartley Pattern Suggests Long EntryHi Traders,
The last buy attempt at 1.3151 failed as price kept pushing lower. We now have a valid gartley setup. The safest option would be to take the trade only after we see an impulsive breakout from this ending diagonal structure. Apply risk management and trade with care.
Regards,
Wave Theorist
USDCAD: Price is setting up for a potential 350 pipsWe're seeing a complete Gartley pattern and at current levels, price is beginning to show signs of reversal at the 1.3070 level. I'm looking for one more rally to the upside before we continue with the overall trend on the daily chart. Wait for clear confirmation before looking for an entry.