OXY Options Outsmarted?OXY could be headed for the little, red boxes. How do I know? It's very simple. So I noticed a pattern of options expiring at resistance or support. The red boxes are options expiration dates. The hypothesis of this experiment is to plot options expiration dates against key support and resistance levels along a predetermined path extrapolated from earlier moves.
Forecasting
BTCUSD: Measuring The Move of the Descending Triangle BreakdownIn 2018 there was an accuracy within 0.25% ($16) of the measured breakdown of the descending triangle . The calculation equaled $3,145 (-48.2%) with the low arriving at $3,129. Based on the 2019 Daily descending triangle , the measured move of -32% takes the price to $6,410, give or take $16. If this Daily triangle is breached to the upside I will calculate the Weekly descending triangle , that has a reduced measured move.
BTC/USD is finishing a bull flag before resuming uptrend!There's something noticeble on the daily chart: it is possible to observe that the probable first Elliot Wave Cycle of the bull trend is concluding in the form of a bull flag. The abcde are the labels of the price movement regarding to the correction. The price will probably visit the $8500 area before resuming the uptrend, wich will show big green bars on the volume.
EUR/JPY 120.794 / 120.929 VS 121.241 / 121.259. Trade SetupHello Traders, EUR/JPY 120.794 / 120.929 VS 121.241 / 121.259.
Expecting A Continuation / Consolidation / Corrective pattern ( Blue )
looking to retest the previous higher low's 120.794 / 120.929
after which we will look for ( Yellow )
The Break of 121.241 / 121.259 VS 122.112 / 122.293.
EUR/NZD 1.65358 / 1.65830 VS 1.69674 / 1.69966.Hello Traders, EUR/NZD 1.65358 / 1.65830 VS 1.69674 / 1.69966.
4H TrendLine Break or Bounce Looking for a possible 5th Wave down ( Yellow )
We need a setup / impulse correction for a move
Towards 1.65358 / 1.65830 VS 1.63863 / 1.62049.
Second possibility a continuation / consolidation / corrective pattern
to continue the upside movement
breaking the 4H Trend towards 1.69674 / 1.69966.
AUD/USD 0.070754 VS 0.69282 / 0.69202.Hello Traders, AUD/USD 0.070754 VS 0.69282 / 0.69202.
We are breaking the 4H Trend looking for Possible Larger Running Flat completion
we would need to see a rejection ( Yellow impulse & correction ) to continue the upside ( Green ) VS 0.71064 / 0.71805.
Second possibility ( Blue ) looking for continuation / consolidation / corrective patterns
to continue the downside movement breaking 0.69202 / 0.69282 VS 0.68530 / 0.68389.
USD/SEK 9.49245 / 9.47372 VS 9.30490. Trade SetupsHello Traders, USD/SEK 9.49245 / 9.47372 VS 9.30490. looking for a small continuation/ consolidation / corrective pattern ( Yellow )
to continue the upside movement breaking 9.49245 / 9.47372 VS 9.53482 / 9.54526.
Or signs of reversal ( Impulse Correction / Blue ) back towards the previous Low's to retest 9.30490 for a bigger corrective pattern.
WTICO/USD West Texas Oil 55.639 / 55.229 VS 60.707 / 60.339.Hello Traders, WTICO/USD West Texas Oil 55.639 / 55.229 VS 60.707 / 60.339.
Expecting another impulse down after finishing the corrective pattern ( Blue ) To Break 55.639 / 55.229 VS 53.072 / 50.935.
Second possibility ( Fuchsia ) we continue up to retest the 60.707 / 60.339. for a bigger corrective structure on the previous impulse up.
EUR/USD Range: 1.11988 / 1.12078 VS 1.12706 / 1.2758Hello Traders, EUR/USD Range: 1.11988 / 1.12078 VS 1.12706 / 1.2758
Looks like we have a complete 3 wave Corrective pattern Looking to break 1.11988 / 1.12078 VS 1.11338 / 1.10583.
Possibly ( Yellow ) one more Move to the upside 1.12706 / 1.2758 before we get the Break.
USD/JPY 108.967 / 108.856 VS 107.821 / 107.706. Trade SetupsHello Traders, USD/JPY 108.967 / 108.856 VS 107.821 / 107.706.
Possible Short Term Buy looking for a Setup / Flag for a move towards 108.286 / 108.240
at which point we will look for the continuation / corrective / consolidation pattern VS 108.967 / 108.856
Or the possibility that it's still a part of the corrective structure for one more down move Retesting / Breaking 107.821 / 107.706.
EUR/USD 1.12758 / 1.2706 VS 1.12078 / 1.11988. Trade SetupsHello Traders, EUR/USD 1.12758 / 1.2706 VS 1.12078 / 1.11988.
Expecting Short Term Upside towards 1.12758 / 1.2706
to complete a 3 wave Consolidation / Continuation / Corrective Pattern for the downside
To Break 1.12078 / 1.11988 VS 1.11333 / 1.11283 / 1.11160.
USD/CHF 0.98418 / 0.98287 VS 0.99468 / 0.99388.Hello Traders, USD/CHF 0.98418 / 0.98287 VS 0.99468 / 0.99388.
Correcting the Impulse Up possible short term buy setup / flag forming Break 0.98528
To retest previous High's ( Blue ) 0.99035 / 0.99022 VS 0.99468 / 0.99388.
Second Possibility ( Fuchsia ) Devoloping A running flat for one more move Breaking 0.98418 / 0.98287
within the current smaller down trend
CAD/CHF 0.76174 / 0.76336 VS 0.73740 / 0.73542. Buy SetupHello Traders, CAD/CHF 0.76174 / 0.76336 VS 0.73740 / 0.73542.
Looking for Continuation / Consolidation / Corrective Pattern and break 0.75987 / 0.75890
To Continue the upside movement VS 0.77713 / 0.79329.
Second Possibility ( Yellow / Blue ) the larger corrective pattern is not finished yet
and we get another move down to retest the low's at 0.73740 / 0.73542.
AUD/JPY 75.880 / 75.877 VS 75.415 / 75.253 Looking for Buy'sHello Traders, AUD/JPY 75.880 / 75.877 VS 75.415 / 75.253
Looking for ( Orange ) Continuation / Correction / Consolidation To Break 75.970 and start the upside VS 76.932 / 77.733.
Second possibility ( Blue ) the correction hasn't finished yet and we have another Pattern ( Yellow )
for another wave down ( Blue ) to retest 75.415 / 75.253 once more before the upside movement.