In the last week, price bounced in-between two SCMR dynamic levels seeking a direction: first off support, then back down from resistance to test and break previous support. This has set us up for possible completion of a bullish Gartley advanced pattern at or near the 'D' point price of 0.00153730 BTC. I could certainly see a panic stab down to the next SCMR support level at .00125797. Recomended conservative trade is a buy in the PRZ with target #1 at previous SCMR resistance near 'B' point of the pattern. Target#2 would be at or near the real candle body previous structure high. Typically we would put our stops below X. Best of luck!
Dagangan aktif
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This trade is now active. We got what we were expecting from price action, even the panic stab down to the SCMR dynamic support level. Down ward pressure may not yet be done but if you haven't found your entry for this trade there is still time.
Dagangan aktif
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If you were trading this pattern with 2 targets, now is the time to TP or move stops up. We've seen price pull back up and into our B point at the previous SCMR resistance level.
Dagangan aktif
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Just a quick update. The pull-back from our target #1 has opened up the potential of a bearish Bat Pattern completion just below our target #2. The identification of this advanced pattern reinforces the likelihood of reaching our final trade target. fxstay.com/bat-pattern-forex-trading-introduction/
Komen
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Dagangan aktif
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We've got solid support and a rounding bottom. While this trade is going the distance, it's still on track. Updated the chart to reflect more appropriate time based harmonics for the Bearish Bat Pattern completion.
Dagangan ditutup secara manual
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While it does look like a decent floor has been established, we've breached the point at which I would expect to see a move up towards validation of the bearish bat pattern. Advanced patterns don't have to work harmonically all the time, but after this long I can no longer assume a move up to the .004 level to be tradablle off that pattern. Because of that, I'm closing this trade in favor of new future analysis.
Would you suggest getting out now for a better position?
ninjabenja
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@Maxfieldr, sorry, not sure what you mean by "getting out now". Clarify?
Maxfieldr
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@ninjabenja, should I sell now and get back in at a lower price?
ninjabenja
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@Maxfieldr, I don't know what level you bought at so I couldn't answer that question, other than to say we're nearly at a level where you would look to buy- so, if you haven't already sold, this is probably not the ideal place to do it.