Short
(Daily) Coffee for a Shark @ Confluence or @ Previous Structure
$ICEUSA:KC1!
Confluence between the 618 retracement and the 161% extension, let's see if the big bears start to bid lower once the price gets there. (IF)
There's also the previous structure at 224%, above the 78.6% retracement, let's call it a "cluster zone between fibs", and it will "validate" the "extended" Shark at 224% (check price action and structure at both levels, the 161% and the 224%).
Safe Trades;
Confluence between the 618 retracement and the 161% extension, let's see if the big bears start to bid lower once the price gets there. (IF)
There's also the previous structure at 224%, above the 78.6% retracement, let's call it a "cluster zone between fibs", and it will "validate" the "extended" Shark at 224% (check price action and structure at both levels, the 161% and the 224%).
Safe Trades;
Note
Adjusted fibs and targets:1st target reached:
Note
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.