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We are witnessing a 3 drive pattern on the daily TF. we expect to have the price dropped if the supply pressure climbs.
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The price is moving on the upward trend line and an Invab=cd harmonic pattern is seen simultaneously and till Nov. 12th its time will be fulfilled. If the demand come after the price, we will be looking forward it to rise.
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Moderator

Originally Posted by
PCMAnalyst
The price is moving on the upward trend line and an Invab=cd harmonic pattern is seen simultaneously and till Nov. 12
th its time will be fulfilled. If the demand come after the price, we will be looking forward it to rise.

more..........
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Moderator

Originally Posted by
PCMAnalyst
more..........

more..............
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The price is swinging upward inside a bullish channel. If the supply pressure exists in the market, we are expecting to have a drop by the price.
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On the daily TF the price is inside a bullish chanel and an Ab=cd harmonic pattern is seen simultaneously. We would see a drop if the supply overcomes the demand.
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The price is swinging inside an equivalent channel on the daily TF. We are expecting to see the price growing if the upper channel line is broken and having it stabilized over the channel.
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In line with the latest comment, a reversal is on sight by having the supply pressure presence. As it continues we are expecting to have a drop to the lower channel line if we get the sell pressure continued.
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On the H4 TF, the price is closed to the conversion area. if this level is violated we will be observing a drop.
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