MagnusTradingGroup
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Possible break to the downside if top resistance is still strong enough. possible take profits on the way down: 416 , 400 , 385 , 360 Like my Charts? Feel free to donate : ) BTC: 1F1jpj7X3oyKHpGJ98chr39NvpzSXuPrnC LTC: LbsfK54KWQnyELCRTg2e9vfy1R5X7Nkuwa
2h fractal top, hanging man + closed significantly lower on next candle = evening star. target considering ab=cd pattern and fib extensions: 385
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my own kind of approach to fib circles ... first anchor at the top, second anchor needs to be adjusted so that the middle point of the circles is at the breaking point of the bearish pennant. look how some fib circles allign with fib levels and pitchfan rays. quite interesting ! the diameter is indicating a bottoming around 400.
Bearish pennant resolving in downward AB = CD movement with potential target at 400 being exactly the 1.5 fib extention of AB. Increasing volume is also supporting this idea
Watch for this Bullish Bat to complete. The probabilities of reaching the different points are on the chart.
Prediciton based on Fib extentions. Look for a >33% retracement at around 155.
Follow what smart money does , not what everybody else is doing ...
Short when price goes into red zone, take profit when we come back to the green zone.
Possible Entry for a long at around 630, target 670 - 700
When this bullish gartley pattern completes there is a 80% chance of price going up along the yellow arrow.
We need to break out of the yellow zone to have a significant BUY or SELL signal
If this pattern is fully built, a potential short target is around 610 where we can see an institutional order block.