Price at median line,time for a short entry,after confirmationPrice at median line,time for a short entry,but wait for a confirmation in changing the uptrend in downtrend or something similar,according with your strategy
Medianline
EURAUD: Correction May End at Key Support LevelPrice broke above the median line of the upsloping pitchfork and has retraced to test it into a corrective structure. The sliding parallel is acting as support (previously resistance), might push price higher to break above the correction. In that case wait for a smaller correction and buy the market. If based on your strategy you have a setup at the sliding parallel you may still take it ignoring all the above.
SandP 500 E-Mini Futures 60 CME Updated 5/15/2017Price has bounced on the WL1 as mentioned in last Fridays post onthe 60 minute time frame. We could see a continuation higher to retest the back of the lower blue median line, but watch closely this area to see if price will stall. I am thinking price will come bock down a bit to maybe the 2394-296 area before showing if it will continue, but one thing is for sure, that the WL1 line is a good support line.
SandP 500 E-Mini Futures 240 CME Updated 5/15/2017Price has tested the 2400 area here, and is forming a pin. Look to see if price can break higher and retest as support, otherwise we may see a turn down back agoin to 2388 and 2375.
SandP 500 E-Mini Futures D CME Updated 5/15/2017Price is retesting the 2400 area. Look to see if we can break it and retests as support, or holds as resistance, as price has bounced off of the sliding parallel.
GBPNZD Key Level to Watch for This Correction to EndPrice has formed an impulsive wave up, after finding support at the sliding parallel of an active median line set, and is now retracing into a correction towards the same parallel. In case we see it retracing a little more it would be a nice idea to buy GBPNZD with sl and tp as shown in the chart.
EURJPY hourly ascending triangleHi,
yes yes, I am switching from one pattern to the next sorry ! :) on the hourly we have a seemingly ascending triangle, the buys will be more reliable than the sells as pressure is up.
I hope you can make some pips !
EurJpy Daily Symmetrical triangleHi all,
Possible symmetrical triangle on the EurJpy, the breakout potential is very nice as the outer parallel lines(yellow trendlines) would be target.
On second view, it might also be a bullish flag.
Goodluck ! :)
AUDUSD: Watch Closer for Price to Reach This Resistance LevelPrice while moving into a descending channel, it broke below the sliding parallel of the median line, which acted as support, and is now seems to making correction. In case we see a pullback to the sliding parallel which now most likely will act as resistance we better start watching for a sell setup. At the same level price will additionally will find resistance from the upper parallel of the channel.
AUDUSD Daily LongHi all,
AUDUSD is showing a possible long setup at around 0.730, do note that we have somewhat of an ugly bat on the chart
which I decided not to display due to C slighly extending A and PRZ D would be at 7225 which would invalidate this trade.
I recommend to observe the hourly chart should price hit 0.730 and search for reversal signals like double bottom + bullish divergence.
Good weekend
SandP 500 E-Mini Futures 60 CME Updated 5/12/2017Price has bounced on WL1, but is also showing resistance now at 2388 area. look to see if price can hold from here, or if it will continue turning over. if we go lower i could see 2361 eventually being touched, but 2377 is acting as major support at the moment.
SandP 500 E-Mini Futures 240 CME Updated 5/12/2017Price has bounced on 2378 and is trying to break 2388 again. Look to see if price can rise from here in the next few days.
SandP 500 E-Mini Futures D CME Updated 5/12/2017Price has dropped from 2400 and is now holding at the sliding parallel. Look to see if price can break down more in the next days, or if it will hold here. We are still in an over all uptrend, following in the blue fork.
Gold bearish Bat houlyHi there,
Possible bearish bat on gold, wait for bearish price action at D
Goodluck!
Gold Daily longHi guys,
Possible head and shoulders pattern on gold, supported by the pitchforks and 61.8% fibonacci level.
Sorry if its a tad too crowded !
Best of luck in your trades.
SandP 500 E-Mini Futures 60 CME Updated 5/11/2017Price has dropped out of the up blue fork, and now is following the pink fork. Look to see if price holds at resistance 2389, and continues to drop. I am looking to see price go again down to 2375 area and eventually lower, but watching as price rolls over.
SandP 500 E-Mini Futures 240 CME Updated 5/11/2017Price has come down farther from the 2400 level today, and is currently trying to hold at the 2375 area and also the lower blue median line. I have added the downward pink fork, which is also aligned with the upward blue fork and has shown good symmetry. Look to see if the low of the action reaction set will hold.
AUDUSD Bearish GartleyPossible bearish gartley ! Wait for price action at D of the pattern goodluck.
SandP 500 E-Mini Futures D CME Updated 5/11/2017Price has come down from 2400 area, as today we have shown some more selling. Price is resting on the sliding parallel here, and showing some buyers again. Price may continue todrop to 2368 level.
SandP 500 E-Mini Futures 60 CME Updated 5/10/2017Price has bounced from the 2388 level and is trying to hold, however we are hitting the sliding parallels that have captured some of the lows as resistance. If we break 288 hard you could look as a retest of that level as potential downside trigger, as well as the break of 2377. We must stay above 2394 and try again to break 2400 area and retest as support to show we can move higher.
SandP 500 E-Mini Futures 240 CME Updated 5/10/2017Price is near the resistance zone of 2388-2400. Price has come down from 2400 and is trying to hold at 2388 to go higher. Look to see what we do in the next couple days. I need to see price either break 2400 and retest as support, or price break the 2388 and 2375 area to signal a short fade opportunity.
SandP 500 E-Mini Futures D CME Updated 5/10/2017Price has come down from 2400 and it looks like it may try to test again 2400 and higher. Look to see if the minor support around the 2390 area holds.
