parviz1953

This XAUUSD price pattern ,could be a bullish BAT pattern now passed the C point and may go down to its D ,for completion ?Presumed pattern failed ....

There are 3 reason that i believe we will have a drop in price and a correction:1- Price has touched the upper bound of the ascending channel .2 -There is a good engulfing candle at that point .3 - Completion of the ABCD pattern and D point happened there .As i predicted the price moved down after a retest of resistance , now my first TP is around 2475, which is around 38.2 fibo of CD line , which is located at a support zone too.Lets wait and see if it can also reach my 2nd TP around 2445.

It seems that price has completed an ABCD pattern , so i think the next move would be a correction down to the resistance level drawn on chart

XABCD bullish harmonic pattern is going to completion on D point , so, sell is in order till then and i expect bullish move again afterward.A deep correction happened , i still believe it will go done to meet the D point .

It seems the price is completing a typical bearish Cypher pattern, and at the same time you may also notice the smaller Crab pattern drawn in red. If so ,i expect the price to drop to the 61.8% retracement of CD line , where there is a strong support zone too.My trade would be a sell ,@2447 with SL @2475 & TP @ 2385 -2375

It seems the price is completing a typical bearish Cypher pattern, if so ,i expect it to drop to 61.8% retracement of CD line , where there is a strong support zone too.

The bullish swing stopped around 2500 ,and is going to retrace down , so i believe its first target is support zone around 2350, which has confluence with 38.2% fibo retracement, then we will have 2nd support zone around 2150 which is at the same level as 61.8% retracement zone .The first target nearly met ,next stop would be around 3225, i think price would have a correction then and after, we will look for more drop and 3150 target...sorry about mistype, the numbers are 2225 and 2150

As drawing shows ,I believe price has reached the upper boundary of bullish channel , it is around the C point of an ABCD pattern ,and it is going down to complete the pattern and at the same time the last arm of a large daily head and shoulder pattern.If it goes as i predicted , the expected target and the " D " point , would be around 2275 - 2250 , nearly 113% to 127% fibo projection of AB arm .

The upward moving channel was broken by price on its lower boundary .It has moved up to retest the resistance on this boundary and i think it will again goes down

Retracing bullish channel has been broken downward ,to complete the ABCD pattern, i believe it continue till touching the lower boundary of larger bearish channel.Price has tested the channel lower boundary resistance ,and i think , will still continue its downward move.