Harmonicwaves
Harmonic GoldMarking on the chart are my weekly trade plan and trade setup. Enter the trade based on divergence.
I feel we are NOT ready for drop in this week.
H1 Bearish Butterfly Harmonic PatternI'm only a newbie, but this looks like a Bearish Butterfly on the hourly chart to me. The Fibonacci retracements of AD line up nicely with previous important levels.
If price reverses in the Potential Reversal Zone, I believe these targets could be hit:
Target 1 | 0.382 AD (1.12155) | R/R = 2.56
Target 2 | 0.618 AD (1.11741) | R/R = 4.15
If price drops below 0.618 AD, the following targets might also be attainable:
Target 3 | 1.000 AD (1.11741) | R/R = 6.71
Target 4 | 1.618 AD (1.09985) | R/R = 10.85
Target 5 | 2.618 AD (1.08829) | R/R = 17.75
If there is no reversal, price might rise to around 1.16 (and then reverse big time...)
EURUSD -- 0.886 sell setupLookout for rejection at the 0.886 and get into the sell. Divergence in play too.
Apple is testing All Time Highs again - Bearish setupAAPL has reached 135$ again and the price is re-testing its All Time Highs again.
The weekly structure has kept AAPL's price below it during 2015. Will it do it again.
A weekly bearish Butterfly also completes near 135$ - Adding weight to this weekly resistance zone.
Bulls should wait for a breakout, re-test of structure (as support) and then perhaps aim towards the completion of a bearish Crab near 160$. Personally I find it highly unlikely to happen in near term future... but the sentiment is strong and this is Apple!
Here you go, two potential scenarios - One bearish, one bullish... I'm with the bears here.
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GBPJPY Symmetricaltriangle gbpjpy Symmetricaltriangle The closing of the candle should be expected at the point where the symmetrical triangle breaks.
