is harmonic pattern forming into an ascending channel?

Hi everyone

price is forming a harmonic pattern ( I think). so... is it bullish?!!

in my view yes it is for short term. and according to my last publish

price is still moving into a mid term channel.

if you look at the chart below, you can see price has tested liquidity

area three times .

and I'm not surprised market makers try to fall the price into the liquidity

area one more time. but I have no indication for that yet.

however, if the price drop below 38K the scenario may change but it must have

fundamental reasons, technically market is bullish yet, at least for short term.



Enjoy the market

Handel aktiv:

Keep your eyes on the neckline of the pattern. price must not to break it if the pattern works.

Trade stängt: Stopp nått:

neckline of the W pattern broke downward and moved into the liquidity area, if the
price can not move above this area will drop, the last stand would be around 38K if not price will drop deeper than I expected.

Kommentera:

possible scenarios in coming hours