The harmonic pattern formed in the monthly period indicates that the prices will increase.
Accordingly, we can think that there will be a sales reaction in the B leg of the harmonic pattern. For day traders, this level may be suitable for buy and sell trading.
When we observe by expanding the time period, you can see the same pattern as the inner fractal in the weekly period.
Considering that the B leg of the fractal pattern is the resistance zone, we can predict that the 1st resistance will correspond to the 1.33 price levels in the 2nd resistance at 0.64.
It is seen that the big picture is in the triangle pattern. If we consider the triangle depth as the target with theoretical knowledge, this shows that the hh region of the price corresponds to a price of $ 1.96 in the future.
But it is worth noting that. The price is not going to reach this level by going up non-stop. There will definitely be big crashes and resets in between.
More different formation patterns emerge in the daily period. In the daily time frame, you can consider the cup and handle formation. The depth of the formation is in line with the previous resistance levels.
When we measure the formation area with the gann box, SL can be considered if 1/2 of the cup depth is exceeded. I specified this area as the stop line.
Accordingly, we can think that there will be a sales reaction in the B leg of the harmonic pattern. For day traders, this level may be suitable for buy and sell trading.
When we observe by expanding the time period, you can see the same pattern as the inner fractal in the weekly period.
Considering that the B leg of the fractal pattern is the resistance zone, we can predict that the 1st resistance will correspond to the 1.33 price levels in the 2nd resistance at 0.64.
It is seen that the big picture is in the triangle pattern. If we consider the triangle depth as the target with theoretical knowledge, this shows that the hh region of the price corresponds to a price of $ 1.96 in the future.
But it is worth noting that. The price is not going to reach this level by going up non-stop. There will definitely be big crashes and resets in between.
More different formation patterns emerge in the daily period. In the daily time frame, you can consider the cup and handle formation. The depth of the formation is in line with the previous resistance levels.
When we measure the formation area with the gann box, SL can be considered if 1/2 of the cup depth is exceeded. I specified this area as the stop line.