GOOG coil w/ broadening formation$GOOG is coiled up on the daily. Nearing gap fill into broadening formation resistance.
Short on the gap fill.
Formation
FANGs - Wow. A lot goin on here.Busy chart, so bare with me. Bold call, but the more I look at the FANGs on a combined chart, the more I see an (incomplete) bump and run reversal (BARR) in blue.
A head and shoulders is present within a broadening formation in white, that gives room for the H&S to complete. Support in green, resistance in red.
Down.
INTC for the move down?INTC weekly broadening formation into resistance & keltner upper extreme.
Looking for a move back to POC in 32s, potentially lower into support plotted below.
SGY- Long from 7.53 to 11.30 (Swing Trade)SGY- Long
Trade Logic: SGY- Long
Trade Logic: Ascending triangle formation, swing trading
Entry Price: 7.53
Target Price: Target 1-9.2, Target 2- 10.61 & 11.30
Stop-Loss: 6.57
You can check our detailed analysis on SGY in the trading room link here-
Trade Suggestion Date: 21/6/2016
Trading Room - Executive summery link:
Time Span: 13:15”
Trade Open: Waiting for entry confirmation
Broadening Structure, buy throwback Buy throwback if there's one with a Stop loss at 0. profit taking can be very high if the structure is valided by the market. look at the graph..
NZDUSD Bearish Gartley PatternHere we are looking at a bearish gartley setting up to complete at 0.68831
Entry: 0.68831
SL: 0.69379
TP1: 0.68195
TP1: 0.67903
AUDUSD Potential long opportunity on a Cypher formationHere we´ve got another small opportunity to go longon the AUDUSD 60 min chart, er got a Cypher formation setting up, our PRZ entry level is 076102 stops and targets are on the chart hopefully RSI is going oversold.
Good luck and good weekeend
Kind Regards
Thomas Jeff
Potential Bat Formation With AB=CD Pattern Potential Bat Formation With AB=CD Pattern with RSI Extremly OverBaught, 4 Hour Resistance with Feb Confluence
EURUSD LONG DEEPER LOOKDaily chart of the EU v DOLLAR
Upside for the foreseeable future and i mean until we hover at around 1.260s as i talked about on the Monthly chart displaying the overall BIAS for EURUSD.. but we have to acknowledge this major resistance level that is in our way on the Daily, we may stumble reaching it if we do not close above the previous high by the close of tomorrows trading session it is likely we will follow a minor channel correction upon market open on Monday.. so a good short term sell real quick there as we will retrace to the 1.1080 level if we are unsuccessful at closing above the previous high. if we are considerably bullish starting the weekend then assess your positions moving forward long, i would place a purchase order for x lots @ 1.13600 with a SL of 1.11000 and a reminder @ 1.17000 to assess whether i increase/decrease my position size.
AKS Head and Shoulders Formation -- Basic MaterialsAks appears to be forming a head and shoulders or perhaps double top. The weekly RSI closed at 100 showing that this price is severly overinflated. I expect a pullback into 3.26, with support at 2.75, and then 2.50.
SPX ascending broadening wedge patternthe SPX is close to overload, its simple to see at RSI and stoch. But i see the possibility of the formation of an ascending broadening wedge pattern. If correct, the idea is as clear a prolonged downtrend and the levels, still a little fuzzy I think that would be:
Target 1: 1950
Target 2: 1850
Target 3: 1750
Target 4: 1700
it seems bird of ill omen
comments, suggestions, corrections:
They are always welcome
GBPUSD - Chart PatternsNotes on chart detailing the various moves based on chart patterns. Expecting a rally to 1.545 - 1.55 and then a decline to 1.51 - 1.50 and eventually to 1.495 and 1.465 (if the H&S is validated and price breaks below 1.50 support (a strong level).
*This is an H4 compressed chart, so the timeframe for this tp play out will be days/weeks
Opportunity (to add more positions) for a short?A megaphone pattern is emerging very clearly on the 30min chart. Since I'm already short I'm gonna add to my positions at the top of it.
I really wanted to bring it every ones attention in case they find it important rather than as a trade idea as such.
Good luck!
USD/CAD near long-term profit zoneUSD/CAD reacted very well to the formation 'Head and Shoulders'. 1.1571 is 200% fib measurement of the low of the right shoulder and the high of the high shoulder. Also to keep in mind we have a 0.618% fib very close (fib of the 2011 low and 2009 high). On the other hand, to give us even more support of this zone, we have a very clear trend line (blue line) which we can see a nice reaction from it.
So, lets see what happens when we get there, keep this levels in mind and we might correct from it.
CAD/CHF SHS FORMATION On chart I find nice trade entry on SHS formation. We see at head of formation are very long this is becuse we hit support zone and in higher time frame is looking like we have abcd patter alsow (bearish formation) entry as always we take on neck line for more agressive traders and for more conservative i would order to take position below neck line from 5 to 10 pips. Have a safe trading !!! ;)
BTC making-up for a new (small) breakout ?!?During the last weeks Bitcoin formed a big pennant from the beginning of June until now.
After two weeks of large movement (20 may until 3 Juni) followed by a consolidation period of four months we note converging trend lines. The pennant that's formed is often followed by a breakout movement in the same direction as the initial large movement. It's the second half of the flagpole. If BTC breaks the red dotted line we are much more closer to breaking big red recistance line @ around 620.
Hope this helped you further!
Have a great day :)
