Bearish Gartley
EURUSD Bearish Gartley Pattern A bearish Gartley Pattern I will be monitoring into Monday morning.
We have some fib confluence with the 61.8% retracement from the most recent move down.
As this is with trend I will be looking for a 1:1 R/R which for the first half position off, which is just past the traditional targets of the 38.2%
Crude Oil potential swing tradeTVC:USOIL
Price has just broken through the 71 resistance region.
(We will confirm this once the daily candle closes significantly above the area.)
A significant close above that would indicate bulls' strength and thus it would not be advisable to take the sell trade.
Our ideal scenario would be for price to hit our entry point,72.61, and then reverse and form a bearish pin bar with body around the 71 area.
Our sell limit is at 72.61
Stop loss at 76
and Take profit at 67.6
We will be watching carefully how today's bar closes.
Oil short opportunity.This is a follow up on my previous analysis on Oil. This is it on a lower time frame and my view has not changed at all. Looks like it is still has some upside to go, but according to my analysis, that will be short-lived. We have a bearish cypher pattern and bearish gartley pattern both completing at $73. If you remember from my previous analysis on the higher time frame, we have a possible Head and Shoulders, my view now is that the right shoulder is most likely going to complete at that 78.6. Either way, I am bearish on Oil.
Bearish GartleyAnother Confirmation of the Bearish Power now on the Aussie Dollar with this Gartley Pattern with an decent R/R Ratio ,if you saw already my previous idea for the continuation of the bearish trend you can observed that i still in the trade and NOW the market give another opportunity to make money with this pair .
US 30 near Pivot; Bearish Gartley Completed 9/14/18Dow index has reached 1.618 Fibo on B-D arm 9/14 when pattern is drawn from closing price tops of candle bodies. A previous idea of mine showed it from top of wicks.
This is necromancy, folks. Somewhere in between lies reality. Expect to see that on Monday or perhaps Tuesday next week. Should arrive Thursday at the latest.
Target zone for pivot is depicted in chart with price labels. R3 is at 26331; anything is possible but it seems unlikely, given the geopolitical milieu.
Somewhere in the box between 26248-26288 is the most likely zone, just under the trendline reaching back thru June to April.
On decline, target is S1 at 25790, previously tested. Lower of course possible depending on sentiment and panic levels. S2-S5 depicted with labels.
Alternate path shown if rally fails; I expect index to test trendline in the box, however.
We have an exhaustion gap on 9/13 to backfill in a bear pennant, and investor sentiment is now >70% bullish, VIX near alltime lows and three major indices making new alltime highs.
See my linked post for explanation why 9/18 Dow of 26200 = 12/17 Dow of 27260. (Share buybacks, 2 components in bear territory.)
As always, trade at your own risk as I do not pretend to give investment advice and this post is an idea for education and entertainment only- good luck!