Oil has started to drop as well heading towards the ABCD target of 34.25. I will be entering another short position after a 382 retracement at the 38.00 area. I'm expecting a Retracement similar to the other ones on this move lower. A good R/R on this trade. 👍👍
The 1.618 resonance with AB = CD is compelling. This is extremely Bearish. Expect a big selloff imminent. Larger picture is inside a Bullish Butterfly formation; IF this completes and plays out as projected; the termination of Bat's Wing will be a terrific Buy Opp IMO. This isn't advice; trade at your own risk! GLTA!
Similar idea to my Dow US 30 post. Sand P is statistically a stronger model, from larger numbers. NB: This model is imperfect as the XD spread should be 1.27, but we got a real nice 0.62 Fibo AB retrace of the XA leg up. Note the perfect double top Fibo = 1 (was within a few pips, a 99.9% retrace). Real life is like that, we take what the market gives us. The...
Evolving pattern does not meet Gartly criteria of 0.618 AB leg. Batwing would have a shallow AB , usually 0.5 - 0.618, with 0.50 XB. Therefore it's a Butterfly pattern. Look back at Nov 2018 to see the Bearish Bat, which was imperfect in Fibo. Market tanked anyway, if it wants to sell, it will sell, regardless of the Fibo. Now we find ourselves in the...
There is a larger Bat pattern on the pair. We are potentially forming PtC of the pattern, supported by the Buy zone. Potential long at the Buy Zone to trade the CD Leg
Market is turning bearish again and ADP looks like it has completed a counter-trend rally to the 78.6% retracement level. ABCD downside projection of $128, -c.12% with stops placed within 3% of current price; 4:1 risk reward ratio.
Spotted a Shark Pattern on the hourly EURUSD chart. However there could be an opportunity to trade the CD Leg as it goes down to the Shark PRZ Considering a short if it breaks the support TL
It seems C has finally formed on Monero. If this is correct then we are looking at getting in to take advantage of price moving up to D (78.6%) which will complete the Gartley pattern. I have been long for some time (was painful 3 weeks watching price go lower / side ways) but we have some really positive price action now including today BIG green bar. I will...
It is risky but it is a very nice R:R. The target zone is a confluence of a bullish shark completion, an AB=CD pattern completion, the 50% retracement of the larger bullish move, as well as an area with some previous structure as a cherry on top. I will definitely be interested in longing from this area should the opportunity present itself. (Note: the shark...
We see a Shark Pattern setting up on the EURUSD and took the opportunity to trade the CDLeg up to the PRZ. I am currently in the trade at 1.1390 (down about 10pips) with stops of 1.1340 (-40pips). Looking at targets above 1.15