UnknownUnicorn3397093

UnknownUnicorn3397093

Elliott Wave Analysis: We have a triple combination that ends with an expanding triangle. The possible break lines are based on supports and resistances. also we consider that the bearish trend might retrace the lower line of the channel. Good Luck!

UnknownUnicorn3397093

Elliott Wave Analysis(Bearish): we have special type of triangle with a c-e trend line that is part of the Y-wave of double combination. It is a Bearish trend whether it is the start of a X wave of triple combination or start an impulse wave. Harmonic Pattern Analysis(Bearish): there is a Bearish Bat pattern between (c) and (e) wave of triangle.

UnknownUnicorn3397093

Elliott wave analysis (Bullish): pattern is going to complete a flat pattern by creating the last wave (c-wave). Harmonic Pattern analysis (Bullish): It seems that the pattern is going to complete a Bullish Cypher Pattern but notice that it is possible before rising, there is a falling for about 60 pips.

UnknownUnicorn3397093

It seems the end of the e-wave of triangle witch is the Y wave of a double combination. possible opportunity to buy. There is a very small chance that pattern is creating a triple combination and the next wave will be the second x-wave. either way we have a bullish trend.