Price is making it's way up in a corrective pattern towards the completion of the yellow Bat pattern, not in such a good structure level, but might see a reaction from here as price is not looking too impulsive.
If price continues to retrace from the last minor leg up, we might expect a reaction from the completion of the purple Shark pattern in confluence with a strong support area. This could be a better place to get in the market long.
If price breaks the Shark pattern and the support area to the downside, there is another pattern forming, in this case the big blue Gartley, with good fib alignment and completing at a god role reversal level from previous price action.
So there you go, a nice way to be prepared for what the market gives us with harmonic patterns, they are everywhere, but it's smart to only look for the ones that also complete inside a good structure level or zone, because this is what increases the odds to our favor.
Good trading everyone!
If price continues to retrace from the last minor leg up, we might expect a reaction from the completion of the purple Shark pattern in confluence with a strong support area. This could be a better place to get in the market long.
If price breaks the Shark pattern and the support area to the downside, there is another pattern forming, in this case the big blue Gartley, with good fib alignment and completing at a god role reversal level from previous price action.
So there you go, a nice way to be prepared for what the market gives us with harmonic patterns, they are everywhere, but it's smart to only look for the ones that also complete inside a good structure level or zone, because this is what increases the odds to our favor.
Good trading everyone!
