In view of the weekly chart according to the Harmonic School of Analysis and taking Fibonacci Retracement of the waves since the beginning of 2018 and studying the nature of the movement and without ignoring the support, we can expect that the trading will take form of Harmonic Pattern, where two conditions have been achieved so far and we are waiting to achieve the third , as the Fibonacci Retracement of wave B and wave C have met the theoretical conditions of the model of the Shark Pattern condition. and we wait to achieve point D To the targets specified in the chart
Especially if the pair of USD/ILS in the case of change of direction continues for a long time before reversing (if we confirm that the price reversed the trend from the upside to the downside)
Also we are expected to be in front of double top pattern in point A and Point C ,This model also supports the downside
Especially if the pair of USD/ILS in the case of change of direction continues for a long time before reversing (if we confirm that the price reversed the trend from the upside to the downside)
Also we are expected to be in front of double top pattern in point A and Point C ,This model also supports the downside
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