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Bat Pattern, Eur/Aud, 1 hrHere we have a completed Gartley pattern in the positive deviation area of the last 100 and 200 moves. According to my strategy , this market is likely to reverse down into the negative regression. As of right now, the market is retesting the high at point D and we should see a trade completion in the next couple of hours. Anyone that has been following my trades knows that last week I had a very bad week and I am making a minor change to my strategy for the week , until we recover from our losses, i was previously trading all harmonics to the 1.618 extension of the BC leg, but as of this week , i will only be trading harmonics to the .618 extension , just for a guaranteed close for profit. I have placed my trade actions as follows: Limit: point X Entry: point D Limit: the .618 extension of the BC leg Please like and comment if you agree or disagree respectively. And always follow me for more updates on market analysis and harmonic patterns , and recently a lot of wave theory's. And as always Good Trading Everyone!
Short
by Kylan_Laymance
PBR: 7 Year Bear Run Over?How do you not like a stock that doubles in a little over a month? PBR killed it on their last earnings report and it has been on fire ever since (with the help of the energy market). Pull up a monthly chart on this stock and you can see their is a lot of momentum behind this move. I suspect this rally to last another 2-5 months at least. Expect a strong trending market to continue to form. I marked out the current main support trendline from the lows in march. Intermediate target right now I have set at the .387 retrace of $11 and .5 retrace of $13. I can easily see PBR rallying pass these targets as they reported higher YoY revenue, net income, and cashflow. Intermediate support is seen at 9.50-9.40, 9, and main support at 8.50. Expect momentum to continue as long as price remains above 8.50 Have a chart you want me to analyze? Comment below!
NYSE:PBRLong
by Ape
8
Possible Imminent Move toward $400 The market has been moving towards it's short/medium term resistance levels. Recent volume and price action suggest that these resistance levels may be broken. Such would mean a sharp trend up toward the next major resistance level of $400. It's also entirely possible that these resistance levels will NOT be broken. For those of you that are newish traders: remember that a true resistance level violation must be accompanied by *sustained* relatively heavy volume AND similar conditions on other bitcoin exchanges (namely Huobi, which is the zero-contest market leader right now).
BITFINEX:BTCUSDLong
by the_batman
3
When is a rally, not a rally? When it's a pump and dump!With 62% of the total coins, already produced... an estimated 10-20% are 'burned' (missing thru lost wallets) and another 30% of those remaining, being held by long-term whales... Why would you consider this an investment option? * Unknown number of coins, burned... where does inflation or deflation begin, if we don't know the amount of "currency" * Many, many whales that are ready to dump at a certain price. Do you want to be holding when that happens? * Millions of coins are being manipulated in HFT, always evident on the 1min charts. * Sure you can gain 12x returns over 4 months, maybe... again... And lose half of them in 1/8th the time. * These companies that are 'accepting' BTC... are trading them immediately. NOT HOLDING. What happens when their volume increases and their daily sell starts affecting market prices. * Legislation is JUST beginning Bitcoin is down! Start buying now... those whales need an exit strategy!
BITSTAMP:BTCUSD
by MarvinMartian
SWN is about to get see some energy. SWN bounced off support the past 2 days coming of a 'double bottom' Bat Pattern at major support which happens to also be precisely at the .618 retracement of the larger leg which is very visible on the weekly chart. This is all coupled with some very sizeable momentum divergence from the 'B' Leg swing point to where price has currently found some stabilization. There was above average volume on the support level touch which created a reversal candle. I am looking for a retest of the 'B' Point of the identified Bat Pattern. And yes. I am terrible at catching my 'Title' errors before it's too late. Sigh.
SLong
by JoeHayes
EURCAD Fibonacci and structure confluence pointing up.Technical Outlook EUR/CAD had a long rally followed by this down channel which cloud end up as a retracement if EURCAD went up. There is a lot of structure at 1.43482 and there is a fibonacci 3.82 level close right at 1.42677. I can't say now what this pair will do because it depends on oil prices and fundamentals, but i expect a short term rally when price reaches 1.42677, but i will be looking for other signals like bullish divergence and/or double bottom. So there i will be looking for a counter trend opportunity. IF ( price reaches 1.42677 and signals a loss of momentum or a bullish divergence or gives a double bottom.) THEN (I will buy looking for some short-term profits) Thank you for viewing and if you like my stuff please like and follow. As always good luck and till next idea!
by Wizard
1
Accumulation TimeI highly doubt its going to break the white longterm support line. Looking to accumulate in the green triangle area. Willy is stupid oversold and about to cross on 4h, meaning theres a good chance its going to reverse back up. Safest buy is definitely after break of red dotted triangle top. Unless we fail to break out before the 9th of july, where longterm support and resistance trendlines cross, Don't short this guys :D Longterm support line is stronger !
BLong
by MagnusTradingGroup
EURCAD - Potential long setup based on support and resistance.All roads seem to be pointing to buy limit orders @ 1.4990 - 1.960. Price will likely head towards 1.5300 and turn back for the trend line and consolidate there for a bit and continue its long term rally. 1.4990 region is also a past lvl of support + 50% retracement + trendline, can anybody say confluence? There is also an intraday short setup here as well. Price is approaching a 50% retracement in the swing high @Mar-19 and swing low @Apr-07. Bears will probably ride the reversal to the trendline for 300pips but given the overall trend bias I'll remain a bull on this pair. Whatever happens I'm buyin' at the trendline!
Long
by Baljit_Singh