Hi Traders, just thought to get this one up if we come back to test this previous structure level, we may see a potential shorting opportunity here.
If we violate this level to the high side I would be very interested in the higher possibility entry. I will be keeping a close eye on this if we manage to break above our B Leg.
As always Entry Zone, Stops and Initial Targets on screen, targets should be adjusted on a D Completion.
The 0.95810 to 0.96100 Zone from previous support became resistance, lets see if we get a clear rejection
Also performing top down analysis and underlying trend we can see multiple opportunities - obviously price can only do 2 things trend or consolidate, in consolidation is when we see no clear direction and potential opportunities for advanced patterns.
Also keep in mind all patterns will be invalid if we violate either X, A or C legs depending if Cypher or Gartley.
I will post other patterns in comments. Keeping in mind some are less favorable due to impulse vs anchor legs.
If we violate this level to the high side I would be very interested in the higher possibility entry. I will be keeping a close eye on this if we manage to break above our B Leg.
As always Entry Zone, Stops and Initial Targets on screen, targets should be adjusted on a D Completion.
The 0.95810 to 0.96100 Zone from previous support became resistance, lets see if we get a clear rejection
Also performing top down analysis and underlying trend we can see multiple opportunities - obviously price can only do 2 things trend or consolidate, in consolidation is when we see no clear direction and potential opportunities for advanced patterns.
Also keep in mind all patterns will be invalid if we violate either X, A or C legs depending if Cypher or Gartley.
I will post other patterns in comments. Keeping in mind some are less favorable due to impulse vs anchor legs.
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Lower Time Frame - Cypher Pattern 1H
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4H Bull Gartley
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Last one - as you can see provided multiple opportunities here for bullish and bearish advanced patterns, as mentioned some are more favorable based on impulse