Price movements can be checked according to the ABCD pattern.
Price divergence and bullish Quasimodo level can pump the price up. If the specified area is broken, lower prices can be expected.
A bearish head and shoulders pattern is forming. It is supplied according to the area, think about the sales position with capital management.
After the price correction at around 61.8%, the middle range of the Pitchfork and 161.8% of the downward wave and 100% of the Fib extension and the insufficient candle can be targeted.
The downward trend of the price has started. Price targets are likely to be touched.
The uptrend is expected to reach 0.5350. The price divergence and the QM pattern are formed.
Trade closed and target reached , expecting a short-term correction is not out of the question.
A downtrend is likely ! Divergence is seen in one-hour and four-hour time and The trend line is broken in line chart mode in one hour , Probability of falling to the 4-hour demand area at 0.59200 .
Due to the breaking of the trend line, the price is likely to fall to 36.5 .
The downtrend continues and the market structure is broken in 15 minutes. SL 296.6-TP 268.8 0. Due to different pricing by exchange charts , profit and loss limits should be calculated from the trading chart of the the desired exchange.
The first pattern is AB=CD (RET 0.5 AND TARGET 2.0 AND EXT 100%) . The next pattern is a bullish nen-star harmonic pattern that kissed the 1.27 !
In H4 , we see the formation of a diamond pattern and in daily, a descending wave is forming .
I think we approached the supply zone . The next target is the authentic demand zone . There is a possibility of stop hunter activity in lower time frame .
I think we are approaching the demand zone in one hour time frame at a price of less than 2800.