


OsamaAbouzeid
Read the text written in the chart.
The trend may reverse at 0.949 due to :- 1- Completion of ABCD Pattern. 2-1.27 Fibs extension for AD Leg 3- 1.414 Fibs extension for AB Leg 4- Valid previous structure level. 5- RSI is overbought.
Good opportunity with small risk since the completion of the patterns and RSI is oversold.
Price is inside the decision zone , i think may be it will reverse due to the following reasons:- 1- Double bottom in lower time frame. 2- Valid structure level. 3- RSI oversold. 4- 1.618 Fib extension for AD Leg. 5- 0.764 Fib level for BA Leg. 6- 0.618 Fib level for CA Leg. 7- 0.500 Fib level for EA Leg.
Read the written text in the chart.
Read the text written in the chart , I think it will be good opportunity for getting short with small risk .
Read the text written in the chart.
Fibs levels consolidations + ABCD pattern + Previous valid structure + RSI overbought , Just wait for candle confirmation !
Read the text in the chart.
Good chance for getting short after the confirmation of the candle ,for more confirmation may be wait until the double top.
Waiting for the completion of the three drives and bat patterns , available fibs retracement 0.764 fro the 1,2 leg and RSI oversold.
Read the text written in the chart and wait for candle conformation (hanging man or shooting star).