Mpattern
Possible M PatternI think there might be a good possibility for eurusd to drop low down to 1.17 as it seems in a strong downtrend.
Feel free to comment feedback is appreciated.
I do not take any responsibility. Manage your risk
Possible Scenario for $10,000 Short-Term?First of all I'd like to point out that we're in a bearish flag (Red). Typically bearish flags have a 6th count, which inclines me into thinking that we could hit $10,000 for the 6th count.
We also have a double bottom (Yellow) with the target of $10,000.
Right now we're in a Pennant (Purple) which can go on until we pass $9,400, which is our double bottom break out price.
This will also put us in the oversold area of the RSI, giving us the perfect short.
LAST LEG FOR M **FREE SIGNAL** send me a dollar #10lotthese past weeks E/U has had major news for both countries, hit highs that haven't been hit in years, and lows on DXY that haven't been touched in a while. on our you can see divergence on the chart, and indicator. it shows that it is supposed to be a double top, but RSI said it went down. Also the pattern went exactly to the 50 percent mark on the Fibonacci retracement, and then back for its last high, which shows strong indication of an m forming. I have the stops, zones, and take profit set just look to the right of the chart following the line. good luck. past performance does not guarantee future results. This is education and not a suggestion.
Bitcoin Bat Pattern!Waiting for BTCUSD batpattern confirmation. Price might break it's current support trend line (aggressive traders) in a couple of days, and move to second support trend line (moderate traders).
Additionally, bollingerbands indicator reveals a M formation, which support previous analysis.
BuyNear: 8350 (support trend line )
Take Profit Levels depending of your risk profile:
TakeProfit (Conservative): 9.300
TakeProfit(Moderate): 9.800
TakeProfit (Aggresive): 10.500
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SHoRT on pull back the 3 wave pattern to the downside is over hinting at a pullback to the upside. I advise to sell at 1.12885 and rally down to the main target
M pattern is Imminent! the SELL we all been waiting for startsthe sell waiting for STARTS NOW?????!!
