Price retested the 4HRLY downward channel which is also the middle of the Daily upward channel Looking for entry on 1 hr timeframe
Possible bottom bounce off the Daily Upward Cannel Price has entered strong previous support/resistance level Price has broken the 4HRLY Downward Channel RSI is oversold Wait for candle stick reversal pattern Wait for RSI confirmation of bullish divergence Caution - High impact US news this week TP1-38.2%, TP2-61.8%
Price entering zone of resistance Bearish RSI divergence TP 38.2% Retracement
BULLISH GARTLEY PATTERN Cypher pattern complete RSI Oversold Waiting for candlestick reversal on 4hr timeframe Waiting for RSI divergence TP 38.2% Retracement of CD
ABCD Pattern ABCD complete Waiting for candle stick reversal pattern RSI oversold RSI Bearish divergence TP - Fibo 50% retracement of CD, previous resistance
ABCD Setting up Still a fair way to go before it completes Completion of D will be at Zone of Resistance Will be looking for RSI divergence once complete Also needs bearish candle pattern at the top