The fraudulent 2618 // Advanced patterns // IF=THEN ®
AUDUSDThe technical:
I found a false 2618, and I will leave to you the task of finding out why i say that... ;)
But the most amazing is the price action behavior:
Double bottom*, rally and met resistance @0.73823, retracement towards the 61.8 zone, eventual buy opportunity...
And of course in the meantime we have the advanced patterns as it might be:
Eventual Bearish Cypher targeting Weekly Support W1 @0.69363 por foint C formation then pointing to the Daily Resistance D1 @0.72966 to complete the process with point D formation;
Gartley missing point D around H4 resistance @0.72243 to complete;
Bullish Crab with an XAB already formed inside the channel, i see a point C forged inside of it, testing trend line acting as resistance, and then sinking @ 161% XA extension (close to weekly support, eventually testing it and also synced with the eventual Big Cypher mentioned above.
Checl links below:
the 2618 trade setup
Ratios for advanced patterns
Safe trades;
open.spotify.com/track/3RQhPnjf4JFq1jtQXgYwhG
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.