Hello, i forgot to post this trade earlier in the week but here we have a good combination of harmonics as well as structure indicating a long, My analysis is based majorly on structure but in this particular trade we have a bat pattern as well which is a pattern i have traded very frequently in the past.
Falling wedge/ Reversal pattern completed its 5 wave down move
Earlier today the price broke out from the ascending triangle
Whats next?
Price is likely to make a corrective looking at the Overbought conditions
look for a correction completion before entering a trade along with oversold conditions on the rsi
Potential reversal level
Falling wedge/ Reversal pattern completed its 5 wave down move
Price is likely to make a corrective looking at the Overbought conditions
look for a correction completion before entering a trade along with oversold conditions on the rsi
Yorum:
Another possibility
Yorum: