Mycronic looks like its going for the full reset. Its painting a beautiful bullish shark at an inflection point. There is also some nice bullish divergence coming in on the MACD. One could open a position right now or wait a little longer for the full .886 retrace and possibly a confirmation low. One could also open a position right now and size up as it moves...
here we have LiteCoin the 4th most popular coin on coinbase (COIN). this is showing a regression in price. cryptos are acting like stocks at the moment and just going up with no rest. I am not a big crypto person, as I have similar views as the SEC does and think they are an asset instead of a currency and some of the coins offer an interest rate for holding them...
here on the cable we have a bearish Gartley Pattern. We currently have price kissing the 786 at the moment. what were looking for si some consolidation some confirmation on the oscillators and another good move down. This will be my second entry on the cable as i am currently short off a daily pattern. for the past two weeks we have seen the cable retrace up after...
Here on the most traded and watched pair in the world the Euro/ Dollar. I am currently looking to go long on a minor retrace on this pair from this bullish bat pattern. We need the pattern to complete by touching the yellow line. We will also need to have some other confirmation signals out there on the oscillators too. Sorry for not going into it any deeper I am...
Here on the Euro Dollar we have bullish bat pattern on the Daily. Overall from a position trader stand point i would remain bearish on the Euro considering for the last few DECADES the Democratic Party here in the US has a history of having hawkish trade policy which drives the value of the dollar up and dries up liquidity in the markets for the dollar. Think of...
Here we have a very controversial Scott Carney Harmonic Pattern. What just about every trader out there can agree upon is the SPX needs a correction. equities are far too expensive right now and liquidity is almost dried up (if that's grammatically correct). Now based on what method each trader subscribes too is where the punches start coming in. S&R traders...
So, we have a very nice potential trade set up. this is a nice bullish deep crab pattern with a completion of the PRZ and it respected the zone and came out. price came down to retest it and now we are throwing an indecision candle. what i would like to see is PA to remain similar to what it is at this moment and tomorrow (wednesday) finish off as an engulfing...
Here we have a bearish bat on the daily. Price came up a few dozen pips from the HOP on my pattern and slightly violated the HOP on the automated pattern recognition software. Now, I know I haven't been active lately, but for those who have been following my patterns know I am not a big fan of oscillators; however, we have a double top on the AMP RSI (scott...
Here on the Pound/ Yen, the king of volatility, we have a bearish bat on the daily. Price came up a few dozen pips from the HOP on my pattern and slightly violated the HOP on the automated pattern recognition software. Now, I know I haven't been active lately, but for those who have been following my patterns know I am not a big fan of oscillators; however, we...
The special crab on the weekly on BTC those that extends to the 1902 fib level discovered by Scott Carney ( my mentor). As we can see, this is the first time this pattern is completing so we expect a Type1 reaction to a minimum 382 fib level which is around 22k ish and a maximum 618 level around 15 ish. These markets have been overbought I believe it will...
BITSTAMP:BTCUSD BTC/USD is forming a Bearish Crab and is nearing the Potential Reversal Zone (PRZ). This is happening after the formation of the Bearish Gartley failed to reverse (see in Related Ideas). Notice the tight levels of the 1.618 XA projection and the extreme 3.14 BC projection. The Crab pattern is usually volatile in the PRZ so prices might reverse...
BITSTAMP:BTCUSD A Bearish Gartley Harmonic Pattern on a daily / 4H Chart. The Harmonic levels converge nicely in the potential reversal zone (PRZ)
Here is a link to Scott Carney's own web-page, supposedly something he has written himself: harmonictrader.weebly.com I want to outline something interesting here. I quote from the article above: '' It is important to note that there are others who have assigned different Fibonacci numbers to the framework of the Gartley Pattern. However, they have used a...
Here on the Pound Yen we have a Nice Gartley Pattern that is formed. The PRZ has been tested and now we are waiting for entry. *** Insert Personal aside here>>> Now, Harmonics gets a lot of slack from the trading community for various reasons, but i still think @ScottCarney is one of the greatest Market Technicians still alive. He was able to study previous...
8K CRACKED TODAY! We are ABOVE Target1 and looking at Target2@10k for MINIMUM REACTION on this move while monitoring HSI and AmpRSI out of the PRZ. Please review prior post as this POTENTIAL REVERSAL ZONE (PRZ) is the 2nd Bullish Bat on the weekly. ALTS ARE ROCKIN' TOO! This is not to be ignored! HODLers Class 2018 are about to get their money back...
BTC has completed a 222 pattern. the prz has been tested and i would say if the current candle closes bullish might be a good spot to buy. Scott Carney Just posted a silimiar pattern which prompted me to look at it too just to see if i can see the patterns through his eye and this is what i found
EJ is in a nice spot right now for pattern traders. Currently what we have is two patterns available to trade. The one shown is a bearish butterfly. the BC Leg Projection of 1618 and XA 127 retrace line up perfectly. wait for the pattern to test the PRZ before entry.
EJ is in a Nice spot even on the daily. it has just completed an A-Symmetrical Gartley pattern. the PRZ has been tested. im waiting on a nice good candle pattern for entry.