Confirmations for Deep Crab Pattern: A-B leg can retrace anywhere between 0.382 up to 0.618 B-C leg can retrace 0.382-0.886 of AB leg C-D is an extension of up to 1.618 of XA leg Take profits at 0.382 and 0.618 (Fibonacci D-C).
Confirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci)
Butterfly Pattern: - A-B must touch 0.786, but cannot exceed X - B-C touches 0.382, but sometimes goes further (does not exceed A) - ABCD formation. D has to reach outside X and touch 1.272 or 1.618 - First TP at 0.618 (Fibo D-C) - Second TP at 0.382 (Fibo D-C)
I expect price to be bearish around this area (1.618) for Butterfly Pattern iniciation and long term sell. Good Trading - 4h Chart
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Cypher Pattern in 15min: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci)
We can see it made some type of Double Top by having a resistance and retest, with this Cypher we can look por bearish entries. Good Trading - 15min Chart
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Cypher idea extended for a type of Deep Crab Pattern, which price extended towards 1.618 retracement and a good retest at 4h trendline. Good Trading. -15min Chart
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Double Top at 4h trendline confirmed bearish impulse and reacted, now we can expect some type of ABCs or consolidation for bearish continuation. Good Trading. -15min Chart
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Bearish continuation wit ABCs, C point at 0.618 where it went bearish. Good Trading. -15min Chart
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Second TP of the minor Deep Crab Pattern was reached and went bullish looking for a higher high. With Trend Based Fib Extension we get 1.618 at top where price is consolidating for strong resistance and bearish continuation Good Trading. -15min Chart
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Three Drives Pattern with 3 clear Higher Highs and two consolidations for each impulse, we can even see previous minor Deep Crab was a pattern inside Three Drives. I expect some consolidation at top for bearish iniciation. Good Trading. -15min Chart
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Structure is still looking for a good higher high before going bearish, there's still a possible bullish impulse with this Ascending Triangle, we can se 5 clear points with ABCDE and price could still make one last move. Good Trading. 15min Chart
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Ascending Triangle was suspended and price continued with a minor Highger High forming a Double Top for our bearish movement, we can also see divergence inside MACD for bearish confirmation. Good Trading. 15min Chart
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Inside Consolidation Good Trading. - 15min Chart
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Consolidation has been impressive by forming several harmonic patterns inside Ending Channel, we can see 5 important points inside this channel, it could of been an Ending Diagonal, but it became a major consolidation inside channel and ending diagonal's mostly have 5 clear impulses.
0 to 2 : Between this points we can see ABCDE and ABC Patterns, which gave us previous bullish Ascending Triangle. 2 to 3 : Butterfly Pattern was formed respecting each fibonacci retracement and went bearish completing its pattern and gave us point 4. 3 to 4 : Cypher Pattern was formed respecting each fibonacci retracement and D completion being at point 4. 4 to 5 : Here we have to patterns starting with a bullish Gartley forming an ABCD pattern inside the Gartley for D completion (bullish entry). Second pattern was a Bat with same ABCD pattern formation inside, this was perfect for bearish entries at point D where point 5 of the Ending Channel is 5 and bearish: Right away we got a fast formation of a Cypher Pattern, D completion is about to hit the zone, which is pretty much near resistance (Higher High) Good Trading. - 15 min Chart
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We can see a major Cypher Pattern inside point 4 to 5 of the Ending Channel. Cypher Pattern in 15min: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) - Third TP back to point C We can see each requirement being respected and third TP about to be completed at top, back to point C and resistance (Higher High) Good Trading. -15min Chart
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Minor Cypher Pattern reacted right away when D reached 0.786 - 0.886 area, we can see a straitght bearish impulse and MACD rejecting trendline. - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C Each point of the pattern was respected and is why price reacted hard at 0.786 area. At this point prica can stil go up and make a double top or make some type of flag to confirm bearish continuation, if not let's look for Higher High. Good Trading. 15min Chart