Review of the current EURUSD Asian session and option LevelsReviewing the most recent PA 1-2 period patterns:
4H Bearish Pattern
Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar.
We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
1H NR4
1H NR7
4H WR4
4H WR7
Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level Higher then the last month high is 1.14230
Option level Higher then the last week high is 1.14230
Option level Higher then the last day high is 1.13220
Option level lower then the last day low is 1.12410
Option level lower then the last week low is 1.12410
Option level lower then the last month low is 1.11070
Also a session (current session only) pivots:
r3 1.13795
r2 1.13364
r1 1.12932
p 1.12693
s1 1.12261
s2 1.12022
s3 1.11590
I really hope that sharing of my routine with you, will help you in your trading.
Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.
Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
The
GBPUSD DOWNSIDE READYANOTHER POST TO SUPPORT MY PREVIOUS BIAS ON GBPUSD AND THIS BREXIT AND HOW ITS PAINTING THE PICTURE BEFOREHAND
GBPUSD LOOKING SET TO MAKE LOWER LOWS AND ULTIMATELY SHOOT ENGLAND IN TO A RECESSION
A-B-C-D STRUCTURE
PRICE HOLDING FIRM BELOW 1.4710 WITH WEAKNESS AND MACD DIVERGENCE
1.35000 WILL BE THE FIRST TARGET
USDCAD POTENTIAL LONGS (AGAINST TREND BUT WORTH IT)USDCAD -61.8% EXTENSION FULFILLED REACHING THE WEEKLY LOW
FALLING WEDGE ON THE 1 HOUR AND 2 HOUR CHART INDICATES A BULLISH REVERSAL COMING SOON
SEVERE 1 HOUR AND 2 HOUR MACD DIVERGENCE
ENTRY NOW OR UPON A BREAK OF THE TL OF THE WEDGE TO GO LONG ALL THE WAY TO 1.31500
MASSIVE RISK/REWARD HERE
WORTH THE RISK AGAINST THE TREND
ETH/ BTC - THE BIG PICTURE OF CURRENT UPTREND - wave V targetHere we are at the beginning of the wave V, although I was not correct about wave b of IV beeing irregular, wave c of IV played out as expected. Now we are able to draw wave V price target zone. Based on a Fibonacci 1.618 extension we can conclude that wave V will end between 0.037 and 0.05 BTC per Ether. Wave V will have 5 waves like wave III. Watch them carefully and let the market tell us where it ends.
ETH/ BTC - THE BIG PICTURE OF CURRENT UPTREND - irregular wave BLooks like we're stuck in wave B of correction (of wave 4). This is an irregular (triangle) wave B - there are 5 waves in it (a-b-c-d-e). I've added two arrows to point out how such a wave B looks like, because it's rather rare. The end of wave 4 seems nowhere near, it can take whole April until it finishes.
ETH/ BTC - The BIG picture of current uptrendHere we have it: a perfect Elliott Wave in all it's glory. This view helps to get a bigger picture of where we are in the current trend. Targets are estimates only, as waves can get severly compressed and stretched both in time and price.
We'll be able to draw price target zone for wave V only after c of IV is concluded. I'll update the chart when this happens.
Low price stock candidate - Chosen by our whole brain processOn a daily chart: It is above 5 MA and 20 MA, it is above the William´s % R, above the CCI , the daily candlestick is positive, it has an increasing volume , it is a growth industry (semiconductors), it is above the cloud, above the 50 and 20 MA, it is above the 8 EMA , the RSI that I set to 2 is above the 80 level, the MACD crossed and the PVT is positive.
News:
us.rd.yahoo.com
The bollinger bands have narrowed and beginning to widen.
On a weekly: It is above the cloud.
These type of ideas are mentioned in our book Pennies to Thousands, a whole brain process of picking stocks with left brain indicators and right brain intuition. This book can be picked up for the same cost as a commission on a stock and can be purchased on Amazon or other bookstores. You can also watch our Youtube videos which have different videos on right and left brain activities to choose stock candidates. SUBSCRIBE TO OUR CHANNEL: Pennies to Thousands.