setup: -elliot wave theory (corrective abc move after 5-wave impulse usually has support around the start of wave 4) -stop loss fib confluence --> 0.382 of trading range and 0.13 extension off wave 4 to 5 -harmonic pattern -fib confluence above target 1 --> t1 If the pattern is completed i will; -look for entry at 6.36 given confirmation -set stops below...
In yesterday's post, I indicated that $2600 was the level to beat. We bumped our heads twice at or near that level. Now we also can see the middle of our Bollinger Band coming into play to help act as resistance at this level. $2600 is still our level to beat. After that, another big resistance at $2760. Until then, I advise a fair amount of caution to be...
The market as been really quiet over the past month or so- here is a small trade I may consider in the morning. We have a short bat on the pound-dollar. Price is reaching a level of resistance where price has recently bounced (see below). The Support/Resistance zone drawn using the black horizontal lines is the area in which I would be looking to enter into a...
was out for a lose on the last gartley. Straight back in on this one if it gives me the chance. Need to wait until the market runs up further than normal entries because it is beyond my maximum risk.
As a swing trader, you must have an iron stomach when it comes to trading cryptocurrencies like Bitcoin. But I must admit, Bitcoin is testing even my tolerance levels as of late. However, there remains one last level that I am willing to test before I see another dump on Bitcoin and a re-test of lows @$2100, $2000, or possibly even $1800. This last level is around...
Hey all, After having a great 2 target winning bullish bat, we now have an at market completion of another bearish bat. Again, will be looking for the usual 2 targets and will be traded EXACTLY the same as the previous bat - remember to trade your plan, and to 'robotically' trade those rules that youve backtested. Will be paying attention to this later today and...
Interesting to see the same pattern play out twice, I see BTC following the Gann levels higher. A break of the next level will open up 3000 - 3300, looks short term Bearish under 2500
Hi All! OANDA:EURCHF has formed bullish pattern by reaching point 5 of the Wolfewave. Currently it is re-testing support in the 1.083x area and RSI is showing divergence on H4 time frame. If it holds and new peak formation will be confirmed, it presents a good opportunity to enter longs. Great trades!
Good day and night! Though being slightly incorrect, a bearish wolfewave is being formed at H4 time frame and after reaching point 5 will likely become an interesting sell opportunity in the 0.978x area. Initial stop loss will be set around 0.9834 and after the breakout of line 2-4 will be placed just above the local peak. Good luck to all and successful trading!
Seems like BTC is going to finish head n shoulders pattern. Target is 2300
try to find an short entry under the daily down trend resistance
As you can see, there is a potential gartley pattern on GBPJPY pair .
Nites on graphic
In correlation with my last post, for the same fundamental reasons, I have also shorted the NZDUSD. On the technical side, the pair has reached the top of a channel and formed a bearish Shark. I already managed to get an entry at 0.729 after price hit the D point during the announcement of the US Fed decision rate last week. As always for a shark pattern: TP...