Andrew's Pitchfork
Push your delete button !Trading DLT is very risky right now. it bursted out few days ago but that trend seems to be weaker and weaker right now. If you want to buy it you may want to wait till a powerful 4H candle above 3200 sat. otherwise the lower line of pitchfork which is around 2500 sat would play out as a support and final interesting buy zone.
Phenomenal or SingularHello folks
AGI is heading down like most of promising altcoins. I see a great opportunity to jump in and buy within the white box. If we manage to but at that box then our first target is 1135 which is near the purple box. Put stops at 1005.
Wish you luck
Worth looking at?Hi there
I think QKC needs some power to break purple box and then 960 area would be available. put your stops at 800 and be relax.
great days are coming.
Try to be Optimistic about your lovely coinsHello Folks
Let's get to work directly.we're in a disappointing downtrend for more than a year. If you're still breathing in this market, you are the last soldiers who are brave enough to fight. my favorite target for Bitcoin is 38xx in coming days. Don't forget that we should break 3550 area (orange box) and 3685 (near MA 50) at first. the last soldiers of our army will be deadly injured in price of something less than 3220. So put your stop around the red box because staying alive is most important story of your life.
2618 Buy Setup On Higher TimeframesEURUSD pulled back to 61.80% retracement level and is building support around here. There's was some 16% extension beyond the previous low and currently the parallel median line of this inside set is zoomed, which shows some underlying strength of this pair at this level. It makes sense to accumulate long positions with stops below the current low for longterm holding . A pre mortem approach is necessary as there is always a 40% chance of any trade setup turning bad. The first sign of lower prices would be the current low being taken out . For now, the setup looks plausible.
Crude Oil PitchforkNot an Andrews expert but price stopped exactly at the lower MLH for this Modified Schiff pitchfork.
Any Andrews experts can confirm if this fork is valid?
Zoomed in >
retest of bottom lineDefinetily short here with all the turmoil Lopez Obrador is in, do not expect good news on Mexican markets, resistance found and now is going to retest bottom line.
tp and sl as set on the chart.
Oil's Cyclical Behavioral PatternsIt is worth noting that oil changes its major trend direction during the month of June or January. The chart above is an attempt to show this relationship throughout the lifetime of CLZ2018. Also, another important aspect highlighted is the fact that CLZ2018 just tested the major gap area left by the bears in November 2014. Though there are no signs of the major oil trend changing, the higher highs and higher lows structure being still intact, nonetheless there is an increased risk at this point of that happening. Staying tuned for further tells.
EURUSD Potenital Long SetupEURUSD is seemingly in an attractive spot for continuation players. There's a bullish harmonic pattern noticeable on 240 chart. It went through 61.80% pullback on its bullish swing after hitting the 150 day EMA and is now above 38.20% point of the pullback leg. Increased odds that this pair will try to climb towards the 61.80% point of the pullback leg, perhaps test the gap area around 1.1725. Short risk on EURUSD is the preferred choice at this point. Wider stops beneath the recent low of 1.1480, tighter stops beneath 1.1530 and 1R-2R targets ahead.
EURUSD Broke Swing Low This pair broke the "BC" swing low and is seemingly heading for 127.20% extension and probably the 161.80% thereafter. There's the Median Line of the downsloping inside set as well. Previous long position is closed at breakeven. Looking for bullish reversal around 1.1350-1.1450 now. There are some signs of expanding triangle formation here as the "AB" high was broken by 39% and previous "BC" swing's low is broken currently.
USOIL Daily 5-0 Pattern USOIL daily seems to be going for its last bullish extension leg to the 161.80% level. Though bearishness is still very much present, this market resembles a range before trend continuation impulse move. Lower timeframes for entries is the preferred choice. Wider stops and smaller size is also very important.
EURUSD Probable Demand area EURUSD is going through the expected reaction after touching the 150 day EMA. It is probable that bears will take profit at the triple bottom area near 1.1520 and aggressive bulls might join for a scalp taking this pair higher towards the 1.1650 area. Bears are still holding on to their positions, first signs of a minor reversal will appear in lower TFs. Buying around 1.1520 with stops below 1.1480 and looking for 1R-2R targets seems reasonable.
Follow Up On EURUSD DailyEURUSD demonstrated a sharp movement higher after touching the 50% retracement of its first setup bull leg. It is reasonable to be taking profit around the 61.80% area if one's short or having limit buy orders if one's looking for a pullback trend continuation play. At this point, we've had a measured move lower, some call it a bear trap, and a sharp reversal higher into the previous trading range. In terms of probability, reaching the top of the trading range around 1.1875 seems has better odds.
GBPJPY AB=CD Channel ResistanceGood Risk reward on this one. AB=CD .618 fib retrace. Look to take profit or adjust stops when price hits the center of the pitchfork.
Gbp/Aud It's hitting 200 MA on weekly. Also intersecting pitchforks. I was waiting on price action. Looks like a sell. It may just be a london close for a running flat type structure if it wanted to extend up, possible very large sell. Eur/Aud right off 1.236 extension. Possible MASSIVE sells on those.
CLX2018 2618 Buy SetupThis is a potential 61.80% reaction buy setup on the 240 min chart of light crude oil futures for the delivery month of November 2018. It will be a $1.5k risk per contract to have a stop beneath the previous gap highlighted in blue. Upon closing higher than the area highlighted in red, a test of previous supply area around 7100 will have increased odds.
EURUSD Potential Pullback EURUSD saw the anticipated bounce to the 1.1800 area. The pair is now forming a pullback pattern on the 240 after achieving a measured move on the "BC" corrective leg. Potential pullback long entry area around 1.1620, stops below 1.1550 and 1R-2R targets ahead.
CL Pullback Long Crude Oil is building bullish momentum after touching the 150 day EMA. The complex pullback pattern took longer to materialise, perhaps because an extended accumulation was taking place. At this point, this pair seems to be looking higher, the daily/weekly/monthly charts are showing bullish signs. The monthly bar, if closes at current level or higher, will be printing a Wyckoff's spring. If this long-term bull trend in Crude Oil is still intact, institutionals should pick it up from here. If it fails around this area and the month closes in red, bulls will vacate their holdings and a major trend change can ensue. Trade with care.
