The fraudulent 2618 // Advanced patterns // IF=THEN ®
AUDUSDThe technical:
I found a false 2618, and I will leave to you the task of finding out why i say that... ;)
But the most amazing is the price action behavior:
Double bottom*, rally and met resistance @0.73823, retracement towards the 61.8 zone, eventual buy opportunity...
And of course in the meantime we have the advanced patterns as it might be:
Eventual Bearish Cypher targeting Weekly Support W1 @0.69363 por foint C formation then pointing to the Daily Resistance D1 @0.72966 to complete the process with point D formation;
Gartley missing point D around H4 resistance @0.72243 to complete;
Bullish Crab with an XAB already formed inside the channel, i see a point C forged inside of it, testing trend line acting as resistance, and then sinking @ 161% XA extension (close to weekly support, eventually testing it and also synced with the eventual Big Cypher mentioned above.
Checl links below:
the 2618 trade setup
Ratios for advanced patterns
Safe trades;
open.spotify.com/track/3RQhPnjf4JFq1jtQXgYwhG
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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