Hey my follower This is the break and retest Pattern which I have become a very much of a fan for!!! It's simple...Find the structure(Bullish/Bearish), then use the trendline and measure the correction zone (Fibonacci Zone;50%_61.8%) of the structure, and them=n wait for the market to break the Trendline, and then use the Level or leg which broke the trendline...
In this analysis i have shown how GU is retesting the Main Ascending trending trendline within the small bullish structure. I see the GBPUSD falling to complete the correction of the previous long impulse move. Note the targets highlighted as the price go for ultimate Target in the 50% correction zone of the Fibonacci retracement. Thank You.
Simplest analysis Main trendline broken by and the level which broke it is retested by 50% Fibonacci retracement. Ad then again, here's another ascending trendline being broken and is about to being retested by 50% of the leg which broke it! Cheers
Hey my follower, you see how everytime the market breaks the trendline it CORRECT IT BY 50% FIBONACCI LEVEL on the LEG that breaks/crosses the Main trendline? So, currently the market has crossed again another trendline as we are heading down there on our target which is on the Fibonacci zone where critical level is!!! This is the simplicity we have. Cheers
Listen, the level that breaks the main trendline of action (In this case, ascending support trendline) should be retested by 50%_61.8% of the fibonacci zone after reaching a minor correction of the latest level before heading for a main correction zone of the whole structure!!! #LEVEL THAT BREAKS THE TRENDLINE SHOULD BE MEASURED BY FIBONACCI RETRACEMENT TOOL FOR...
Hey my follower The price here broke the trendline (Ascending Trendline/Uptrending Trendline) and now it's going to give us a retest before continuing with a bearish move heading for our first critical horizontal level which we highlighted on the Weekly TF. The aim of this trend is to give us a 50%_61.8% Fibonacci correction of the previous Bullish...
Hey my follower Here's why i'm selling this setup... It's a correction by 50% of the previous bearish structure. And it retested the Supporting trendline...so this is the break and retest also This is a continuation pattern completing a correction of the previous bullish move (Long term). Cheers
Bullish flag means price is going up!!! A continuation pattern! Follow the analysis and see how everything is going to be! The target is 50% of the correction for a previous bearish structure!! Everything is in order!! THIS IS LONG TERM!
This is an example of how to draw patterns using trendlines Patterns appear vertically in most cases. Here, i have a 3rd touch on my resistant trendline on this bullish channel. Now i am looking at reversal correction. A bear candle with a a correction in the red space will trigger a SEEL for me Cheers
Hey my follower Here i have a beautiful setu formed after 3 touches on the descending trendline (Support) and the price reached 50% of the correction for an uptrend. Now, the price is doing a correction for a bearish move Let's aim for that 50% level of the fibonacci zone. Cheers
Hey my follower This is bullish flag on a break and retest level...These levels were highlighted nicely on Weekly Time frame.... Ohh, It's a buy!!!
Hey tarder Here i have EU with a proper break and retest appearing on an ascending channel aiming for the resistance... weekly levels are more reliable than any other levels for Targets. Cheers
My ultimate target is that level up there for a strong sell for now, let's capitalise on this buy buy buybuy!! Cheers
NASDAD never seem to dissapoint! This correction at 50% fibonacci zone is giving us a strong support zone to push the market up going for the ultimate high nigh and beyond! Cheers
US GVT Bond plays vital role in showing us how Dollar is gonna behave... Almost there on the Correction zone (Measured using Fibonacci Retracement Tool) where price will ascend to and then take an opposite direction... Level 50% on the Resistance level will give us a strong rejection together with the 3rd touch on the ascending trendline giving us an equilibrium...
GOLD IS SHOWING ME HOW IT WILL BE IN THE LONG TERMS AS DOLLAR WEAKESNS!!!!! PLEASE CHECK MY PREVIOUS ANALYSIS ON GOLD AND SEE HOW IT IS ANALYSED DEEPLY!!!
Hey my follower, here i have a a GBPJPY setup going for first TP na 2nd TP up there for a 3rd touch and then crashing down again to complete a setup Let's go!!!
I'm catching a correction of the impulse going for 3rd touch into the ascending trendline and zooming back to the uptrending support again.......