PortmoreCapital

PortmoreCapital

harmonic bullish cypher has completed at 161 extension level from previous swing. this same level is also a previous major support and resistance level on at least 5 timeframes. price has rejected this level nicely and i am now looking to ride the geometrical 61.8 retracement of A-D. target 1 is 50% and 2 is 61.8% risk reward is 4

PortmoreCapital

Harmonic ABCD has completed. price has rejected 161 level. which is also previous major support / resistance area this has now formed a double top. we now have bearish momentum. and i am expecting a retrace of the AD move. 1st target is 38% and 2nd target is 50%. stop loss is above previous high at 0.7910

PortmoreCapital

symmetrical ABCD pattern. 127 ext comes into confluence with previous major support. CD leg also roughly same length as AB leg. tweezers tops on 4 hr TF signal potential reversal. D leg target is back down to 61.8 level but just to be safe i will aim for 50 level. target around 17700

PortmoreCapital

symmetrical ABCD triangle. comes into confluence with 11000 level. AB=CD to the pip. also aligned with 161.8 fib extension. with that said D=(B+A)/C downside target 9488

PortmoreCapital

simple harmonics here. AB leg should equal to CD leg this brings us to 1.618 extension 11142 (shows different on chart as plotted fib incorrectly) successful rejection of this level brings us down to 61.8 level on the whole AD move which is 9421. good luck guys

PortmoreCapital

a successful ABCD pattern has completed to the downside. i am expecting a 61.8 retrace of the AD leg. upside target 2024