EURJPY Bearish Gartley 886 This time im updating the chart on EURJPY.
As you can see I spotted 3 potential harmonic patterns in the making on this particular pair.
If you take a look at how price reacted to the completion point in the Gartley 886, you can clearly see the rejection and how sellers immediately took control of the market.
Besides that, last week closing price took out the median regression trend line and closed below.
I am expecting a significant drop, with a minimum profit target of the 38% XA retracement at 120.5xx, but could go all the way towards 62% XA retracement at 118.7xx
The best entry would imho happen to be be right now, around 121.3xx.
Thank you for reading the analysis
Dont forget to like the chart and make sure you leave any comments in the section below
I appreciate all support, thank you so much & please keep it coming my way!
Happy trading and God bless
Regression
USDJPY Longer-Term View with Regression Trend ToolI have added in another regression trend channel going back to the late 2016 high. That longer-term channel shows the potential upside target for a breakout above the medium-term channel if that were to occur.
At this particular juncture, the medium and short-term channels are the ones in play, with a potential or bounce or break of the short-term channel on the radar right now.
This is a follow-up post. See related ideas for the original.
Use the tool if you like it, discard if it doesn't help you.
Using the Regression Trend Tool to Analyze USDJPYCurrency charts (or any chart) can look rather chaotic sometimes.
Grabbing a regression trend tool may help. You select the tool and the pick the two points...usually a major high and low.
The regression tool then finds the line of best fit through the data. You can also add standard deviations above and below the regression line, resulting in a channel.
The result will be slightly different than a drawn channel because it is essentially highlighting the average price action between two points in time.
I have used the tool twice on the USDJPY chart. The larger one shows the price is near the top of a larger channel. The smaller shows the price is near the bottom of a short-term channel.
This helps highlight some potential trading opportunities. If the price consolidates here and moves higher (would use 4-hour chart), it is a buy trade into the top of the small and larger channels. But if that occurs, once the price reaches the upper channel, watch for a potential short (or break to the upside).
Alternatively, if we head lower from here, that will break the short-term rising channel, and indicate a pretty big downward move based on the larger channel.
You could freehand draw these channels as well, but sometimes a crazy one day move will obscure a pattern that the regression highlights. For example, the regression filters out that one day drop on Jan 2 2019....without the regression (or without ignoring that long candle wick) it is hard to see the channel.
You could also go back further in time and add in additional regression channels to provide a larger insight into where the currency pair is within its cycle.
Want more like this? Discuss trades in my free swing trading Facebook group: www.facebook.com
Silver Losing Momentum In silver, we had a strong move upwards from the $17/oz range to a high of roughly $19.755/oz. Recently, however, the price has failed to maintain momentum to regain those highs and has steadily pushed lower in an evident regression trend on the daily chart from 05 Sep 2019 to the present. I believe that silver will retest the $17/oz range, and from there, we will have a stronger confirmation on the short term direction of silver's price. As well the gold to silver ratio rebounded from a yearly low of roughly 1XAU:79.38XAG to currently 1XAU:84.89XAG. In the meantime, I believe silver to be a short trade. However, in the long run, silver seems to be bullish as the gold to silver ratio is at historical peak levels.
BTCUSD positions for risk takers - very short termHi.
First wanna note that I prefer dynamic analysis and updating projections rather than positions suggestions. As Bertrand Russell (British philosopher) says, nothing is more important than "facts" and in reality facts are evolving. One day you see the trade war is intensifying and the other day they say nice things and some cease fire. Seems positive sentiments are dominant this week.
So here I wanna show you two of my medium (inner) to high (outer) risk positions. The green projection is the result of a method I'm testing and it has passed back-test and benchmark periods (vertical lines).
Also there's an alternative negative projection that wasn't relevant so far but below red zone it may work (based on fundamentals). more detail about back-test (before vertical red line) and benchmark (red to green) here:
Usually I update my ideas more on this two medium/long term charts that both are on target zones:
Feel free to share your ideas.
Wish you best trades.
BTCUSD - Strong Chance for Reversal... Break Regression?Theirs a good chance we will reverse soon, most likely around 9.6k - 9.9k zone. This reversal could determine if we are to break our 54-day negative regression and continue our 99-day regression upward.
Another possibility is we continue our 99-day triangle, reversing at 9.8k. Most likely not breaking till the end of this month or into early September.
A less possible outcome is we break our triangle support line dropping into the 8k zone.
BCDUSD Target 190USD to 650 USDBitcoin diamond suffered badly during the correctionphase of the market.
Having an ATH of 148 USD this coin has the highest potential among the top 50 coins.
This is not a coin to hold.
It should be sold when "enough" profit is made.
The charttechnic used is an invention of me . I call it focal point regression method (FPRM). I believe that it is more usefull than traditional chart technics regarding to predigt max/min of the coin price. I also believe that it is also possible to write a sw for painting the regression lines automatically.
NAV regression channel convergence, 3:1In my experience, charts have a strong attraction to moving towards multiple pattern convergence areas. Why? Because they're zones where a lot of emotion is triggered, aka lots of people will be involved. Market makers need to get you involved. That's why things drop just below your favorite area of the chart, get you emotionally triggered, and _then_ reverse. Or go just past your buy stop limit and then plummet. They go hunting for these trigger areas.
And I think the one circled is where NAV is headed next. Perhaps after some more accumulation / low side (sell for you, buy for them) triggering. Could be a week or even three before move happens. And I could be totally wrong, of course.
LSD+MDMA (Linear-regression Slope Divergence, McGinley Dynamic)Long XRP@8000: Divergence of M cGinley D ynamic MA Oscillator from L inear R egression S lope.
On Chart
- Left: Past incidents of divergence from regression slope
- Right: Detailed set of oscillators used by the MDMA oscillator to calculate final normalized differential oscillator
In theory the more differential oscillators diverge the stronger the signal.
We also found that combining both would give sharper results under administered conditions.
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"In art he, Thoth, was often depicted as a man with the head of an ibis bird"
selby_exchange - BTCUSD - Selby Bitcoin Price Analysis - $2915New price/time prediction system of extrapolation based on decoupled EMA's and a hybrid linear regression with sidechain MMAR
COINBASE:BTCUSD Price target $2915 on 02/24/2019.
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Rebellion=Change=Future
Humanity Love Inclusion Autonomy Respect Opportunity Truth Veganism Singularity
selby_exchange - BTCUSD - Selby Bitcoin Price AnalysisNew price/time prediction system of extrapolation based on decoupled EMA's and a hybrid linear regression with sidechain MMAR
Price targets $3240, $2919, $2620. $2170, $1627 and $1252, no timing on these however I could see most of these targets hit by April.
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Rebellion=Change=Future
Humanity Love Inclusion Autonomy Respect Opportunity Truth Veganism Singularity