Inverse Head and Shoulders on WalgreensThis could take us up to the 88.6% Retracement i would buy half of what I would normally buy here and I'll buy the rest if it pulls back more. Stoploss below the level of the right shoulder. In either case my profit taking level will be the 88.6% Fibonacci Retracement.
BAMM
ARKK Entering Bearish BAMM (50% Potential Downside) ARKK has broken through he B point of this potential Bullish Bat and has tested it as Resistance we look to be ready to complete the CD wave to the downside and reach an 88.6% Retracement.
I suggest some Near or ITM PUTs expiring around several weeks from now.
Update on Silver's Bearish Partial Rise SetupA while back i uploaded a chart pointing out that silver was partial rising within a trading range and that the next time it hit the bottom of the range it'd be much more likely for us to break down and today here we are. I'm reuploading this chart as a relevant reminder of the impending breakout.
I expect that we should get a move down to the .786 and .886 area once things really get going.
Along with Silver i'm similarly bearish on Gold
MANA: Ready For Deep Correction After 5th Wave Channel RejectionI was riding this one up since it was at 3 dollars and potentially targeting $15 but it seems to be showing signs of weakness up here and may come back to our original entry level and for that i am taking profit early and preparing for a deep correction on MANA all the way down to the 1.618 Fibonacci Extension.
Piercing Line Suggesting 10yr Yields Will Move Up Towards 2.6%Many weeks ago we were at the bottom of a daily broadening wedge and the target for a breakout was at around 1.78% now we have made substantial further progress in reaching that target of 1.78 as we have bounced from the bottom of the wedge at 1.12% all the way to 1.7% before we had a minor pullback.
The current situation now is that the Daily after pulling back has tested the resistance of the Daily wedge as new support and the bullish weekly candle has engulfed around 80% of the previous bearish candle thereby creating a perfect situation for a Piercing Line setup.
I believe that we will attempt to rally past the B point on my chart Trigger an ABCD BAMM response and from there go all the way up to where D is before reversing or consolidating and i suspect that during this time the DXY will also be going up with it.
Potential BAMM Using Secondary Derived Retracement 0.382Potential BAMM is found using Secondary Derived Retracement 0.382 from Point B at MYR 2211 .
Expected PRZ at MYR 3192 within the next 469 days.
Related :
Bat Action Magnet Move BAMM Theory Educational (Source Code)
Harmonic Trading Ratios Educational (Source Code)
EURAUD - Potential Bearish Bat, BAMM move before bat completion?EURAUD looks to reverse from the lows this week.
Once it breaks the slanting tl, it could start a BAMM move which will complete the big bearish bat.
Traders can look to buy this move and wait for the bat to complete before shorting.
If you choose to short the bat, SL has to go above XA 1.27.
Targets will be AD 382 and 618.
Last week was a week of waiting, this week should be a good harvest week.
Good luck and good trading guys!
GBP/ CAD Here on the Pound Cad (GBP/ CAD) we have a Bat pattern fomring. the 1618 over extension of the ABCD pattern lines up perfectly with the 886 XA retracement . The 2.0 CD point is just a few pips below the 886. expect PA to rush into the PRZ to complete the pattern as this is the BAMM effect!. Happy trading!
AUDUSD - Bearish Bat Formation 0.6545 - 0.6550AUDUSD might be completing a bearish bat in the coming week.
Whether this pattern completes has to depend on the NFP data tomorrow.
It is likely to be bad, causing stocks to fall and USD to inch higher.
However, if the data is not as bad as forecasted, we might see a temporary rally in stock prices and a fall in the USD.
My objective is to
1. Short after bat is completed
2. Buy the breakout of point B a.k.a BAMM
Shall monitor the charts and determine which way to trade in the next 2 days.
BAMM - Volume Precedes Price After breaking out of PennantAfter a 3 month long consolidation with-in a pennant US Multi State operator, Body and Mind: BAMM:CSE or BMMJ:OTC has broken out bullish with increasing volume and price CSE:BAMM . Fundamentals of the company are strong, with significant operational growth in the past 2 quarters. financials are due out soon and should begin to reflect the growth in operations. With backing from Australis: AUSA:CSE, this could be a great long entry for a Small Cap MSO that has big growth potential in California, Nevada, Ohio and now Arkansas.
NZD/USD WEEKLY BEARISH BAMM BREAKDOWNHi, guys, this analysis is for those who want to hold the position for long-term
this strategy's name is BAMM (bat action magnet move ) when we predict a bat pattern on the chart we should wait for B leg breakdown and then enter the trade, in this case, I predicted one nice bat pattern on weekly chart NZD/USD and as you can see B leg breaks down and now we can enter the trade to D leg .
I hope you enjoy it.
S&P 500 - Bullish AB=CD BAMMBullish AB=CD BAMM opportunity is now shaping up on the Standard and Poor's 500 index on the 4h chart.
This one to one measured move looks excellent, the AB=CD completion is beyond the ATH at 2877, this is complemented by the reciprocal ratio of 0.5 which is the 2.0 projection.
I'm expecting price to break resistance @ B followed by an acceleration in price action towards the pattern's completion. This move needs to be assessed in real time and we cannot use any limit orders, analyse price action upon the breakout of 2792 to determine the continuation.
We will be trading with a tight stop loss if executed, target is 2892.
You guys know what to do... Like, comment and share! I'll keep you all posted :)