bearish three drives pattern with a 0.886 dip estimates. let see how it goes...
details of potential Bullish Bat on H4. PRZ identified at circa 1.22500 till 1.21500 i'm selling GU now...
i'm resuming selling now as i can see a Potential Bullish Bat in the making. taking the old price structure as my base of calculation, i'll be eyeing CD0.786 & 0.618AB=CD circa 1.22000 as potential PRZs. will be posting a bullish bat estimates on H4 for better details
price is at CD0.618 & 0.5 AB=CD my bearish estimates and setting starts from here with simple sell at peaks, tp at valleys strategy. no more buying till a cool fib ratio come up.
Still under the influence of a Bullish Bat since 1.21091. price is still bullish, closing at 1.23909 for the week. if price continues to be bullish next week, i'll eye fib CD0.786 CD0.886 & 0.618AB=CD circa 1.26000 for any Bearish sign. however, i won't be too surprised if this swing made it all the way to 1 AB=CD at circa 1.28000 to complete a beautiful Bearish...
a couple of retest at 0.786 @ 1.2141, but the support is still there. i'm still bearish, waiting for price to hit 1.272 AB=CD @ circa 1.2100. then later, to complete the bat structure at 0.886, 1.2069 & 1.414 AB=CD circa 1.2050. let see how it goes
price rallied back to the D leg of H4's AB=CD @ 1.22ish from it's lowest dip yesterday. will price dip again today to 0.786, 1.2141 or further down to 0.886, 1.2069 i wouldn't be too surprise if one of these days price decided to revisit support and completed Daily ABCD pattern 1 AB=CD, 1.1918. let see how it goes
price pullback to BC 0.618 i've added to my long positions, will tp at 0.618 AB=CD till BC1.618 & 1AB=CD looking forward to short GU circa 1.23300, if price gets there
i'm long on GU, already TP a few positions when price closed the gap circa 1.2300 after plotting this ABCD pattern on H4, plus a BC fib from H1, (BC on H4=XC on H1) i could point out the selling zone starting from circa 1.2350 till 1.2450. 1.2350 = H1 BC 0.5, H4 BC 0.382 & 0.618 AB=CD 1.2375 = H1 BC 0.618, H4 0.44 & 0.786 AB=CD 1.2400 = H1 BC 0.786, H4 0.5 &...
i've TP all my short positions and started buying once price hit BC 2.618 CIRCA 1.22300 -1.22200. so, let see if this is just a pullback and price will revisit 1.22000 and also the lower support areas. or rather this is the beginning of the new bullish run for GU. Just a simple bullish ABCD setup, no gartley no bat to join the fun. anyhow, it is also good to...
i can picture projections of BC 1.618 and BC 2.618 sitting together with 1 AB=CD circa 1.2200. the question is will price get down there for this swing before making a correction?