Harmonic Pattern for a long term Sell
So based on my analysis, on the one hour, the market created a Gartley which took about a few days to create. Right now it reach a zone area where at times previously in the past, it was a strong resistance.
Second confirmation is that the market was outside of my bollinger bands on the one hour which shows the market was out of momentum and went back into momentum.
Third confirmation is that there is heavy divergence on my TDI.
Fourth confirmation: The RSI is overbought and it wicked above the 77.00 line twice and went down below.
Fifth confirmation: Created a M pattern on a daily.
Sixth: On a smaller time frame the market is in consolidation based off the tight bollinger bands
seventh: Theres a shark harmonic pattern on AUDNZD and AUD is the firs currency pair. This is known as currency correlations.
Eighth: It broke my trend line twice today.
Second confirmation is that the market was outside of my bollinger bands on the one hour which shows the market was out of momentum and went back into momentum.
Third confirmation is that there is heavy divergence on my TDI.
Fourth confirmation: The RSI is overbought and it wicked above the 77.00 line twice and went down below.
Fifth confirmation: Created a M pattern on a daily.
Sixth: On a smaller time frame the market is in consolidation based off the tight bollinger bands
seventh: Theres a shark harmonic pattern on AUDNZD and AUD is the firs currency pair. This is known as currency correlations.
Eighth: It broke my trend line twice today.
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