AUDJPY CORRECTING FROM IT'S PREVIOUS BEARISH IMPULSE AND DURING ITS CORRECTION THIS PAIR HAS FORMED A RISING WEDGE AND SOME RSI DIVERGENCE. SELL ON BREAK AND CLOSE BELOW THE LOWER OF THE WEDGE PATTERN TARGET 1 IS BASED ON AND TARGET 2 IS A CONFLUENCE BASED ON 1.272 ON THE FIBONACCI EXTENSION AND 100 ON PROJECTION
RSI Divergence to indicate buyers are running out of steam Bounced of monthly resistance Rising Wedge is to indicate sellers are taking over Overall target is base of pattern + monthly support
1, Monthly Resistance 2, Double Top 3, Ascending Wedge 4, RSI Divergence WAIT FOR DAILY CLOSURE BELOW THE LOWER BOUND OF THE WEDGE TARGET BASED ON FIBONACCI RETRACEMENT ON HIGHER TIME FRAME + BASE OF PATTERN
TRADE THIS WHEN PRICE BREAKS AND CLOSES BELOW THE TRENDLINE TARGETS BASED ON FIBONACCI CLUSTER ALIGNED WITH PREVIOUS STRUCTURE
THIS IS GOOD IF YOU TRADE THE S&P500 OR USE IT AS A FORM CORRELATION I.E YEN PAIRS
MY TAKE ON GBPUSD - I BELIEVE IT WILL EITHER BOUNCE FROM THE TOP OF THE WEDGE OR FORM THE WEDGE INTO A CHANNEL AND THEN DROP TARGET BASED ON FIB CLUSTER I PURPOSELY LEFT THE FIBONACCIS ON FOR YOU LADIES AND GENTS TO ANALYSE THE CONFLUENCE
Cypher Pattern on Gold Target based on 382 and 618
BUTTERFLY PATTERN + BOUNCE FROM RISING WEDGE TARGETS BASED ON 382 AND 618 OF A AND D RETRACEMENT
BUTTERFLY PATTERN + BOUNCE FROM RISING CHANNEL TARGETS BASED ON 382 AND 618 OF A AND D RETRACEMENT
AUDUSD IS CURRENTLY IN THE MONTHLY SUPPORT ZONE WHICH HAS BEEN REJECTED 5 TIMES. PRICE HAS FORMED A FALLING WEDGE WHICH I AM HOPING WILL PUSH PRICE TO THE BASE OF THE DESCENDING WEDGE NEXT RESISTANCE ZONE. TARGET IS ALSO BASED ON FIBONACCI CLUSTERS ALIGNED WITH PREVIOUS STRUCTURE.
BEARISH MARKET STRUCTURE WEDGE PATTERN RSI DIVERGENCE WAIT FOR PRICE TO BREAK AND CLOSE BELOW THE WEDGE TARGETS BASED ON FIBONACCI CLUSTER
GARTLEY PATTERN WITHIN THE PRZ AREA 382 TP 618 TP
Falling Wedge inside a Falling Wedge Butterfly Pattern RSI Divergence
SELL AT THE BREAKOUT OF THE ASCENDING CHANNEL + H&S TO THE LOWER BOUND OF THE RISING WEDGE. POTENTIAL CAN BREAK THE WEDGE AND CONTINUE TOWARDS THE DOWNSIDE.
PERFECT AB=CD PATTERN - MAY CREATE DOUBLE BOTTOM AND THEN CLIMB
EURUSD OVERALL WILL BE A LONG IN THE LONG RUN BUT I SEE A NICE WEDGE PATTERN THAT WILL TAKE IT TO THE DOWNSIDE AND TOUCH THE TRENDLINE AND THEN BOUNCE UP (SEE PREVIOUS CONTENT)
CONFLUENCE OF A HARMONIC AND FALLING WEDGE PATTTERN EURUSD HAS RECENTLY CREATED LOWER LOW HOWEVER AS IT IS FORMING A REVERSAL PATTERN - THERE IS A POTENTIAL BUYING ZONE FROM AT THE 3RD BOUNCE OF THE LOWER BOND OF THE WEDGE + D POINT OF THE BUTTERFLY PATTERN TARGETS ARE BASED ON FIBONACCI CLUSTER OF THE HARMONIC WHICH IS ESSENTIALLY THE TOP OF THE WEDGE AND THE...