LINKUSDT Potential Bearish Max GartleyAs we can see on the 4H chart, we have a Max Gartley pattern in formation. The PRZ - potential reversal zone - is very close. Pivot points can be observed in the Fibonacci Retracement. Fisher Transform Oscillators (www.tradingview.com) and Ehlers Stochastic Oscillator-LazyBear/) in bullish momentum.
LINKUSDT is in a 4H bullish momentum driven by the daily relief from the US market. Looking at the S&P500 chart, we can see price action testing the trendline of the channel from which it broke. Doesn't look like a big potential pullback - weak volume and bearish sentiment. Traders looking for a crucial point now coming soon. I'm expecting bears in control soon. As a side effect of possible lower lows in the US market, LINKUSDT could reach the ideal level for a short position by tomorrow.
At this juncture, with the expectation of days ahead for the weekend in a downward corrective, while the Dollar Index rises, and the market overbought on the daily chart, the pivot point D pointed to by the Max Gartley Bearish pattern seems to make perfect sense. We can see over the course of the day, as the S&P500 appears to visit the GAP up to the .886 Fibonacci Retracement level, LINKUSDT being pushed to another higher high near USD9.00. So we will have the range at PRZ when the market will be entering bearish momentum on the daily chart.
Prints on updates below.
Garltley
AUD/CAD 1H Bearish Gartley @ 0.94525Very nice intraday opportunity setting up to sell in short term bearish trend. Pair has broke below the previous structure support and is now forming a potential bearish Gartley. Rule For entry- RSI must be overbought and/or diverging AND of course RULE NO.1 ATR based stops above the XA leg in case this goes wrong.
Trade your plan and have a nice day!!!! :)
REVENGE TRADE? I bet you liked the catchy title!
Ok, so last week I lost a trade and immediately entered the most emotional trade so far in my forward testing. I went from losing almost 200 pips to winning 45 (going 2 pips from my target), and to finally getting stopped out for break even before rallying. It was emotional because I was exposed to my maximum risk, and losing would have erased the profits from the last three weeks.
HOWEVER, we now have a new opportunity; we may see a Cypher completion around 135.46 and I MUST take it.
I will leave the link of the trade I am referring to.