The Shark I talked about is definitely finished right now.
The TL at the bottom seems not to hold.
On the daily chart, there are several possible patterns to note (sorry about the messy chart), the ratios are pretty nice
1. AB=CD TP 1.25380
2. Bat TP 1.25436 (pretty tight with AB=CD pattern, so there should be a strong PRZ around 1.2540)
3. Alt Bat TP 1.23662
4. Crab TP 1.20112
Currently it's testing the hagopian line. If this line is broken on a daily basis, I would short and take profit at 1.2540
Let's see what's going to happen
The TL at the bottom seems not to hold.
On the daily chart, there are several possible patterns to note (sorry about the messy chart), the ratios are pretty nice
1. AB=CD TP 1.25380
2. Bat TP 1.25436 (pretty tight with AB=CD pattern, so there should be a strong PRZ around 1.2540)
3. Alt Bat TP 1.23662
4. Crab TP 1.20112
Currently it's testing the hagopian line. If this line is broken on a daily basis, I would short and take profit at 1.2540
Let's see what's going to happen
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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.