Inner Shark converted to CRAB see previous related idea
ALT BAT pattern completed looking for selloff
Prior harmonic shark selloff turning into a Gartley see related idea linked
Possible BAT forming short at 113.70
Bearish bat completed currently selling off from CD line look for 50% retracement if bounces up from 50% look for new harmonic pattern if 50% broken, look for 2.0 CD extension
3 Possible patterns emerging 1. ALT BAT long around 1.13 extension @ 1.2700 if ALT BAT fails 2. SHARK long at 1.13 extension @1.2664 if SHARK fails 3. 5-0 PATTERN reversal @ 1.2616 short at 1.2700
Possible ALT BAT or CRAB setup if support fails, look for it turning into SHARK or 5-0 PATTERN
Waiting to see if shark sell off reaches 50%
bearish bat completed on 11/14 currently selling off look for completed sell off at 1.27 extension of CD leg see what happens at 50% retracement area if pushes through look for bull extension at 1.27 of CD bat leg if sells off, look for bear extension at 1.27 of CD bat leg
Stay below EMA13 till support it reached, then bounce up if EMA13 is broken early, test high
Todays Target if price stays above EMA13 look for high of 115.00 if EMA13 broken Support 1 at 113.00 Support 2 at 111.60 News Events (PST) 1am - Draghi Speech 7am - USA JOLTS Report 12pm - Yellen Speech 130pm - Crude Oil Stock
bounce downs off the EMA13 Potential bounce UP off 100MA if EMA13 broken, test previous high if 100MA broken, test previous low
cad currently breaking the EMA13 @ 1.2740 look for price drop to 1.2610 at the 100MA support
Looking for sell off at 1.3170 if MA100 broken, look for resistance at 1.3320 for new sell off
looking for EURUSD to drop after testing 1.1630 if 1.1630 is broken, look to test 1.1690 for new high
Today might see bounce around 113.70 if 113.70 is broken, next resistance at 113.00 if 113.00 is broken, next resistance at 111.70