It might be sooner to call it, be measurements are almost perfect.
XA retracement is .616 and AB retracement is .626, both of them really close to the perfect 0.618.
Last Friday bar closed very strong, so this is one to keep an eye on it.
Numbers look like:
Enter: 112.955
SL: 112.650
TP1: 113.368 (.382AD 1.4 RR)
TP1: 113.624 (.618AD 2.25 RR)
BTC failed to regain any level today, rejected the big levels and put in a lower high.
In addition to this we are currently making a new h&s pattern which has a good statistic rate of playing out bearish. I'm looking for a final target for my short at 3650 right above the liquidity zone. We might dip into the liquidity zone so I will have my buy-orders stacked...
XEMBTC is in uptrend now and will going up like a skyrocket.Firstly,what we need to understand the history will repeat itself once again.
Soon we have a golden cross at 1week timeframe which means a BULL REVERSAL.Last two times when was made this cross XEM increased by 1813% and 1102% and now we can make 370% MINIMUM which means 61.8% fibonaci target.
StochRSI...
The euro is trading within a narrow range against the US dollar, as price continues to consolidate inside an ascending triangle pattern. A break above the 1.1400 resistance level exposes further upside towards the 1.1470 level, while a clear breach of the 1.1370 level may provoke a technical test of the 1.1335 support level. The G20 summit and the release of EU...
First three legs went smoothly... PA on leg CD its a little clunky... but the things is that we have very important news on both sides:
a) JPY Unemployment Rate, (today 6:30 pm EST)
b) CAD GDP (tomorrow 8:30 am EST). Forecast for this one does not look too good, so it might drive CAD down.
Numbers look like:
Entry: 84.892
SL: 84.600
TP1: 85.287 (.382CD 1.37...
A buy stop order has been set in $LLY at 116.60 following the formation of a VCP pattern within a very tight base.
Initially looking for a 2:1 risk-reward.
PA punched the zone, retraced a little bit and it went up again.
Numbers look like:
Entry: 1.70472
SL: 1.70957
TP1: 1.69795 (.382 CD)
TP2: 1.69374 (.618 CD)
Order placed... Good Luck!
Nice scalp short opportunity off current trend line ,
Then a wait and see if this gartley can complete could give good bounce back into the consolidation resistance given we can hit both targets
Gartley completes at pretty significant previous support levels (Will update with bigger picture) giving a good spot for stops
Hey guys,
Today we opened a short on the AUDCHF pair. Looking at the 4h Chart we can see how price made a peak high with a divergence after rising with 3 levels. We missed to enter on the top of the high as priced moved already one level lower. We expect a current consolidation zone - holding the 0.5 fib level. Consolidation levels are marked in yellow boxes as...
Short and simple pattern coming up here, 5-7% gain and with how the stock market has been I may just take it, hopefully I see a small pullback to confirm and get in on it.
Could possible to happen like this.
Nothing serious, everything is possible right? Cheers.
p.s. I still think we will have lower price. Price could bounce but I strongly be cautious.
After the 2017 rally, throughout this year, Bitcoin has corrected down by 70%, reaching a USD 6,000 key support level. This support has been rejected multiple times already, and up until now remains a very strong psychological price.
For the sake of education, let us compare very similar patterns.
1. One is the reversal patter of Silver, which has started back...
