We having a converging analysis for a bearish gartley and a rising wedge on a down trend. We expecting a second order setup. The Market is left with one more bullish spike that will trigger our entry before we start going short.
We just waiting for touch on our PRZ then will go short.
B POINT SUPPORT BROKEN NOW ON OUR WAY TO THE D COMPLETION.
WE LOOKING FOR A SHORT TERM LONG TRADING OPPORTUNITY THERE AFTER WE GOING SHORT ON A LONG TERM SINCE A WEEKLY TRENDLINE HAS BEEN BROKEN AND RETESTED.
WE WAITING FOR THE MARKET TO DROP DOWN TO THE PRZ THEN WILL ENTER GOING LONG
1)ON A WEEKLY CHART WE SPOTTED A REVERSAL ON THE 61.8% FIB LEVEL WHICH CAN BE A SIGNAL FOR A FORMATION OF A BEARISH HARMONIC PATTERN. WE EXPECT THE MARKET TO DROP DOWN TO 23.6% FIB RETRACEMENT OF OUR ASSUMED XA LEG WHICH LINES UP WITH A PREVIOUS SUPPORT LEVEL. 2) LOOKING AT H4 WE CAN SEE A STRONG SUPPORT BROKEN NOW THE MARKET SEEMS TO BE MARKING A BULLISH RETEST...
ANTICIPATING A SHARP MOVE TO THE PRZ THEN WE CAN ENTER A LONG POSITION.
LONGTERM BULLISH SHORT TERM RETEST ON THE BROKEN TRENDLINE OF H4.
Expecting the market to break the support of double top and in the process close the gap.
Anticipating a retest on the weekly trendline and then a stall afterwards therefore this seems like we will only lock tp1 on this bullish deep crab. Eur seem to be getting ready to weaken after a rise for sometime now.
The price action is now on its way to form a D point at 0.886XA retracement to complete this particular harmonic pattern. We expect the market to either reverse there or within the PRZ
Expecting a very vigorous stall of price after the price action touches the PRZ
The price seems to have reverved on our 127 extension. Ready to enter.