Dynamic Trading: Static TurnsThis methodology provides dynamic levels for turns (swings). The Highs suggest time frames, and the cyclic time tool fits well. There should be a directional move soon, and will leverage aggressively.
Static
COST, Bearish Quasimodo pattern is beautifully forming !COST is showing nicely a very popular price action Quasimodo pattern .
Quasimodo pattern is also called Over-Under pattern. It is simply formed by series of Highs and lows as shown on the chart.
Sell zone (568-571 USD) was shown on the chart for COST. In addition to strong static resistance of pattern we also have 0.786 Retracement level of the last major decline in this zone. Moreover, Pull back to broken up trend line might be completed at mentioned Sell zone.
It is also worth to note, All indicators will be extremely overbought if COST can reach to shown sell zone.
As Quasimodo pattern has been proved to be of high probability success , we certainly keep COST in our short watch list but do not jump into trade blindly. As always we need a reversal trigger at sell zone to open our position . Take profit targets are also shown on the chart by green lines.
The reference of the inserted picture was shown on the chart . You can find many other pics and examples simply by googling " Quasimodo pattern ".
Good luck everybody.
NDX, fights with strong resistance one more time !Nasdaq 100 index is going to fight with strong resistance again. Who wins the battle? Lets follow !
This strong resistance is formed by 0.618 Retracement of latest drop in the index from 12897.63 to 11311.05 and a static support/resistance line with several hits which makes it very powerful and valid one.
Our static line acted as strong resistance from Sep to Nov 2020 , then changed the role to support from Dec 2020 to Mar 2021 after break out of the resistance. True break out of this support took place on 10th of Jun 2022 after hot inflation data with a gap down. We had two recent attack to this broken support which most probably were pull backs to the broken support. Now, we may see third attack to the line. Is it able to break the line? We have to wait and watch carefully !.
Please be patient and wait for reaction to the resistance. True break out of the shown key resistance is necessary before opening any long position . A valid rejection from the resistance calls for safe short entry but what are True break outs and Valid rejections? I will publish some video ideas about the topic therefore, If you are interested I will be happy to see you all in our followers family.
Good luck everybody.
ETH BREAKING ANGULARETH is looking VERY good on WEEKLY timeframes. MACD is rolling to the upside. PSAR has tapped to the up. Previous cup and candle has come into support approx 40% in. We have tapped both the 78.6 and 88.6 fibs and are currently fighting back through the golden pocket. Looking to see this weekly candle (2 days to go) to close above 3,100 for bullish confirmation. Targeting 3,500 by 3/31 and ATH within next 14 weeks.
Adam n Eve25-30% upside on DOGE. Adam n Eve pattern very similar to what we saw at the beginning of August that resulted in 51% to the upside. Don't think it will go that high but 25-30% is reasonable based on depth of the Eve.
GBPUSD Short on 15min, good R/RInteresting opportunity to go short on GBP USD 15 min chart.
Hot static point !
Good risk reward
Confluence of static and dynamic supports on EURAUDIt's a little bit too late on this but entering on a pullback in the 4h TF will give a RR ratio of about 1
SL: 1.4060 TP: 1.4650
Then in the upper half of the discending channel I'd try a good price action setup to go short
