Price has stayed within the overshoot zone, kissed it, and is reversing at the moment. TP's on the chart
Shark pattern on the 4hr chart. Waiting for a close below the TL to enter
Cypher and Butterfly pattern forming and confirming at similar D-Points. Look to sell!
Possible Cypher forming on NZDUSD. I am going to look to buy until completion then sell at the D-point. Use caution around this area. Price hasn't shown any real reversal patterns yet so don't enter prematurely. There has been a breaking on the bands on the TDI and price is in the 'oversold' area and will soon need to correct, so that is definitely a sign in...
I believe that this pattern will complete this week. I will be looking for confirmations and then going short to the 32.8/61.8 retracements.
Caught a possible shark on EURUSD I plan on going long up to the D-point and then going short. I am waiting for completion: a bounce from the trendline and perhaps a clean break above the quarter point (the faint blue line).
Gartley forming on the daily timeframe. I'm going to wait for for the trendline to break as confirmation because it is currently in an area of support/resistance based on previous market structure. This is a daily timeframe so we have to be patient! TP's are marked on the chart.
Possible Bat forming. Waiting on rejections to confirm. It hasnt quite hit the PRZ but I'm Watching it closely at this point.
SHARK (BLUE) COMPLETION LINES UP BUTTERFLY (YELLOW) AND WITH QUARTER POINT TWO FORMATIONS LINED LINED UP CREATING BEST POSSIBLE ENTRY I PREVIOUSLY HAD THE SHARK COMPLETION AT THE .886 BUT AS YOU CAN SEE, THE SHARK IS APPEARING TO COMPLETE AT THE 1.13 EXT INSTEAD. SHARKS ARE TRICKY THAT WAY. I'M WAITING FOR CLOSURE BELOW THE QUATER POINT AND TREND LINE BEFORE...
This is interesting to me right now. There are two patterns lining up right around the Quarter Point (faint blue line). To me, this is further confirmation that I may be correct in my thinking that this will continue to rise. The completion of the Deep Bat also lines up the the 38.2 TP. Another confluence. I'm getting excited to see how this plays out!! Once...
POSSIBLE SHARK FORMING ON DAILY TIME FRAME. LOOKING FOR A BOUNCE AND CONFIRMATION FROM THE 88.6 OR THE 1.13 THE 1.13 IS NEAR A QUARTER POINT, SO BE CAUTIOUS. BUT I CONSIDER IT A CONFLUENCE. IF PRICE HITS THE 1.13, IT MAY FALL HEAVILY BECAUSE IT HAS ALREADY RETESTED THE AREA THREE TIMES (LOOK LEFT)
Going long on this possible cypher on the daily TF. I'm going to watch how price reacts to the TL as a way to confirm before entering. I plan on closing the trade at the D-point and then waiting for a reversal pattern to go short.
Shark formation forming. I am going to look on the 4hr time frame to see if I can ride this formation all the way up to the D-point. Waiting for a rejection to see what happens. Once It gets to the D-point, I will be looking to go short.
POSSIBLE GARTLEY FORMATION LET'S WAIT TO SEE HOW THE NEXT FEW CANDLES CLOSE BEFORE ENTERING. SO FAR IT'S CLOSING BELOW THE QP AND MAKING SLIGHTLY LOWER HIGHS. IF IT CAN CONTINUE ON THIS TRACK, I FEEL CONFIDENTLY ABOUT GOING SHORT
Forming a double top at the D-completion point. TP's to the .382 and .618 FIB measurements.
Going short once I see confirmation via candlestick analysis etc