Uptrending market, respecting the trendline. Retracing back to the 61.8 line before the bulls takeover and head for my two targets. Looking to open twin trades 2% of account balance & move Stop loss to Stop profit +5 pips once the trade is up 30 pips
Gcad showed some price action showing potential reversal for retracement. It did pull back in a small 3 wave rejecting the fib level. But since then has been making a 7 swing wxy that measures out to break trend line and reverse, which is very typical. TDI shows it be in a sell on the 1 and 4hr charts, but daily looks like more room up to me. Just understand you...
I consider UZAR to be correcting down and will continue to look for sell setups.
EG is approaching the .618 level (which would break high if it did). But you can see the pitchfork and all the intersecting trend lines of structure. It is potentially a very large sell down. Looking at the one hour, the wave it is on is coming off the 1.618 extension in an impulse, so i would expect some consolidation and another little push. So, basically, i...
Echf coming off .618. The truth is, I have no idea how the pattern will play out, but consider the measurements of that 3 wave I expect further corrective structure to develop upward. I circled that pattern to the left just to show you one possible way it can do it. Maybe we are just looking at a running flat and it continues up, to break the high. I just don't...
3rd consecutive 61.8 retracement. Going long and hard in this one. Not going to be greedy, so im looking to take profit around the 23.6 area. Waiting for a break to confirm, and or a nsl (new structure low) on the 4hr chart
Looking for a pullback. I would like to point out that it is possible that AU goes up for one more for a "Z" wave or a leading diagonal. I'm not saying it will, just saying that is a possible pattern, all I know is approaching a major area. refer to my other smaller time frame AU chart I posted.
Looking for GN to hit the 200/800 MA touching on 4hr at the 38% retrace with the potential of it being a larger sell breaking the low as a completed 3 wave correction, considering how choppy it has been. It came off the .618 retrace of its last wave.
I would just like to point out that AU is about hit a huge pitchfork and major .618 retrace of the large WXY pattern that it completed on the weekly. When I zoom in as I did here, you see a 5 wave.. Wave 3 is extended, so I would expect a short wave 5. Equal length to wave 1 basically takes you right to the .618 barely breaking pitchfork. As far as profit targets,...
1. Price has completed 2 waves of retracement at Fibo retracement 61.8%. 2. MACD has crossed downward, signaling the loss of buying strength. Simple technical analysis for a reasonable intraday trade.
CJ seems to be counting and measuring out to make a double combo pattern long term. Right now it is breaking the .618 retrace and looks like it is making a small buy setup on 30 min.. possibly. Yes it's been going down and there is no way for me to properly explain this concept or how or when to go about trading it. But right now we have a 5 wave up and are on a 3...
Took some profits of my position yesterday where I went long. Now should be seeing a nice pullback to around 1.17260 (61.8 FIB). We respected the trendline so I'll be going short. I'll be risking around 20 pips for a 100 pips reward. Nice 5 RR ratio.
There's a lot to say and I'm probably leaving a lot out but it's ok. I'm a big fan of the non-linear, circular thinking. June 18th... 6/18... we are at the apex of our pennant from 20k. but what if our pennant's apex means nothing and the real apex is the Gann fan apex at 6/18? Refer to other charts I've done that have Gann fan crosses and planetary...
ladder your longs If you've got balls, this might be a shorting opportunity. target 1: 7385 target 2:7345 target 3:7300 stop loss: 7777 NOT FINANCIAL ADVICE. Total amateur call right here. If you gained anything from this and feel like tipping then I'd graciously accept Dogecoin : DBrUe9d7pMsxoEnqrEaXTexMtdEthS9uBb you should feel absolutely fine without...
Bearish 5 Drives as megastructure. on the downtrending leg, we have our supposed reversal presenting as a Bullish 5 drives. If this all happens near textbook expected then we should retrace to around 7400, which will be our 6/1/18 launch pad for our next mini lunar mission. Jokes aside, should be interesting to see what happens. Not going to lie, the mega...
beautiful pattern, also at .618 of swing point
Bearish Gartley just came out at 15min chart. It's a gartley inside a 1d gartley (check my previous published idea) so it's a big selling preassure. Feel free to leave Your comment below, i'll appreciate it. Best regards.
Hello Traders! We're expecting the Fed's to raise the interest rates by a quarter at 14:00 EST and we're also awaiting on Powell's first speech. My bias remains bearish for the FX:EURUSD but i do expect a push higher prior to the drop to new lows given that the current rate hike is already priced in and what everyone is waiting for is the details on the plans...