GBPUSD-4H-Bearish max bat pattern
In 4h timeframe in GBPUSD chart, a bearish max bat was made and it is a sign of falling down to prz1.
- confliction between internal trendline and prz1 ( getting by retracement of CD wave in harmonic pattern) is increasing the power of prz1
-in other side the chart is in a upward channel which pull it up and the correction is not very strong ( verify prz1)
although there is a swing resistance but according to last few month movement, it is possible to observe a sharp rise even with easily breaking the swing resistance.
at last, there is a double top in D point and the candles sow a downfall in not far future.
- confliction between internal trendline and prz1 ( getting by retracement of CD wave in harmonic pattern) is increasing the power of prz1
-in other side the chart is in a upward channel which pull it up and the correction is not very strong ( verify prz1)
although there is a swing resistance but according to last few month movement, it is possible to observe a sharp rise even with easily breaking the swing resistance.
at last, there is a double top in D point and the candles sow a downfall in not far future.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.