Hello everyone:
For last few weeks I have been talking about the potential bearish reversal on most of the indices. Now the market looks like it may be giving us more development to lead to a potential sell.
We see price has been correcting for sometimes within the ascending structure.
Latest price shows LTF double tops, sharp pushed to the downside.
Either...
The Harmonic Bat is a variation to the Gartley pattern which was developed by Scott Carney. It is considered to be one of the more accurate patterns exhibiting a higher success rate than any other harmonic patterns. The bat pattern might look similar to a Gartley 222 Butterfly pattern but differs only minutely in terms of the Fibonacci ratios between the...
Good morning Traders!
Some get excited for the weekend but I get most excited for the Monday mornings! On the weekends I do get up early on Saturday - Morning routine and I did my analysis. I got something special for you this weekend - There will be a video coming out this weekend going through major pairs for the week ahead - We are in for a treat all of us!...
Hello traders:
Looking at EURAUD now on the lower time frame to wait for bullish price action.
We see the latest price has fall into a potential reversal correction after a move down.
This is a good indication that the bearish move may not resume, and we can get some short term bullish move to come into the market.
Now the price has managed to break above...
Hello everyone:
Similar like AUDJPY sell, we are seeing the similar bearish price action on NZDJPY.
Price correctively move up to the double tops area, and form an ascending channel correction.
Good indication that we are about to see a bearish reversal price action form the market.
Understanding price can still correct within the channel,
so the best entry...
Possible inverted H+S. right shoulder could form here, target has great fib key levels too, could be a nice RR trade entering here as risk can be easily minimised
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for ZOOM, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Hello everyone:
EURJPY has managed to break below the channel correction impulsively now.
We see price pullback and potential forming another continuation structure.
This is a good indication for further bearish price action to come in
I would be patient here and wait for a continuation correction to develop and complete to look for the next bearish...
Hello, Traders!
TESLA car company is incredibly bullish at the moment
And the bullish pennant pattern that the stock formed
Implies a bullish continuation after breakout UP
Thus, I propose a long trade using stock options
To limit the downside to the known and manageable size
BUY!
Like, comment and subscribe to boost your trading!
See other ideas below too!
TA Explained
ALGO Completing the W-formation on bigger timeframe with a bullish continuation pattern at lower timeframe. trying to get in on the final dip within the falling wedge
Trade setup
Best entries: 0.4149 - 0.4303
TP1: 0.4548
TP2: 0.4806
TP3: 0.5107
SL: 0.3945
RR: 3.16
Max leverage: 3
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Do Your Own Research (of course)
Trade at own risk (of...
Hello Traders, i hope you all have had a wonderful weekend and first 2 days of trading. Me personally, yesterday wasnt too hot but thats OK, because we are here for a long time not a short time. Anyways, enough of my ranting, lets get into this idea.
Yesterday, we observed that GBPUSD was on a mission to push up up up, making it apparent that we are in an...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
APPLE rejected its all-time-high and now falling down, so we are currently in a down-trend.
on H1: APPLE is forming a symmetrical triangle (pennant) in red but the lower trendline is not valid yet (as it only connects two swing lows) so we will be waiting for a third swing...
I don't know whether or not this pattern is still being traded.
Triangle breakdown
A double Fibonacci 0.618 retracement in a triangle looks very suspicious. I am very bullish but there could be some stop loss hunting in the triangle when it is breaking down, in contrast to consensus. Meaning it won't reach below 30k as it usually goes after a triangle, but still...
