AB
CARRIZO OIL & GAS INC Bat+AB=CD+Gartley Daily ChartVery harmonic stock, first bat pattern start at July, which completes and reverses nicely in Oct. The D point of the first Bat Pattern forms the C point in AB=CD. D point reversal also forms the X leg of the second Bat Pattern of which the A point completes where AB=CD, and sharply reverses. Price reverses off the .886XA in the Gartley Pattern which Fibonacci highlighting areas for TPs.
Any comments/Criticisms??
EURAUD: Looking for a Bearish RunIf we end up getting a LLLC here on the EURAUD, my prediction for the next place that we'd see some buying pressure at is down at the 1.5050's-1.4950's level.
As a buyer, that's where I would look next if I'm interested in trying to catch a pullback. If I'm a seller, then I'm looking for a retest of previous structure & a chance to hop on the downward move in anticipation of the level mentioned above.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
YouTube goo.gl
Facebook: goo.gl
Twitter: goo.gl
@AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
GBPNZD Scenarios1) AB=CD pattern completion at 1.1960 (1st chance to short)
2) Possible BAT patttern at the same level -also a DT (2nd chance to short)
3) Break of 1st minor trend line (3rd chance to short)
4) Break and retest the mayor trend line - We are in an uptrend so maybe the pair to check the mayor trend line and continue upward
Each trading setup has different rules about the TP targets and SL so make sure you follow them
EURNZD Pending Bullish ABCD Pattern At Key LevelIn my previous post on EURNZD i posted the potential of a big move in the coming weeks. After the breakout price is in a consolidation and it's about to complete a bullish ABCD pattern with D point at the broken long term downtrend. This pattern has great chances to start this upcoming rally.
For my previous analysis on EURNZD click the link below this post..