CromerKing

CromerKing

Publishing simply to track this cypher. Indices are an interesting point right now. I do love the way that channels work with indices and so left them on too.

CromerKing

Break below of lower upward channel trend line to start new downward channel move within the larger trend channel

CromerKing

Step 1 Wait for PA to hit previous support and bounce down. Step 2 wait for PA to hit the cypher entry point at .7030 then step 3 once it hits the 38.2 retracement then short down to previous lows using the previous structure around the 38.2 area as your reason for entry.

CromerKing

As it says in the title really we've got 3 bearish butterfly patterns at market (depending on your stops you can argue that 1 or 2 are invalidated) and then higher up there's a bearish cypher pattern. Overbought too if you take that into consideration.

CromerKing

At market bearish cypher pattern, been holding here most of yesterday and how starting to fall a little. It's also right on the upper rim of a downward trend channel.

CromerKing

Simple bearish bat pattern, enter at 11604 stops above 11672 (113 extension) targets marked.

CromerKing

Straight forward bullish bat pattern nearly at market now.

CromerKing

Just looking at the last leg down and the pull back on the DAX and I noticed the lovely way the Fibonacci levels have been respected. Current at the 38.2 level. What will we see tomorrow, a continuation up to the 61.8 @11500 or thereabouts? Teh 73 level is something I keep in mind for stop hunters.

CromerKing

Simple short structure trade that comes down to meet a Cypher pattern which you can trade as a pullback of the original trade

CromerKing

I had already drawn out some channel lines and noticed this butterfly pattern if the DAX does come down to touch the bottom channel line.

CromerKing

If the correction we've seen today is over and we see a pullback (at least) then the 38.2 retracement takes us back to structure where I'd expect it to go back to. Great place for a target and trail there on up. Where we are now we have some previous resistance structure (look at the daily) so it's a fair call to expect a bounce off this support and easy to place stops.

CromerKing

We've ot a butterfly pattern almost at market (I've already traded this down to this point). If the butterfly completes and turns around we then have a cypher pattern completion waiting up at the target 2 area of the butterfly. And then the target 1 of the bearish cypher would be at the previous target 1 of the butterfly where some structure may also be left.

CromerKing

We've got harmonics, a butterfly pattern and previous structure. Risk reward is good. Entry pretty much at market but patience will probably bring a the price higher (again) so hold on for the retouch of the structure or the butterfly completion (depends on your plan). RSI also nearly at overbought conditions. Stops above 1.25

CromerKing

Potential zone for shorting the GBPUSD with a harmonic, fib extension @1.618 and previous structure looking left. Also likely to be nicely overbought by the time this trade comes available to take. Great risk reward looking at coming back down to structure but would need a review as and when it comes into play. Other previous structure noted as potential to come...

CromerKing

Don't normally trade butterfly patterns because normally there no where to put a stoploss in but this one is at the x leg and there's some structure a little higher up too so better to go above that. Overbought too. Targets based on a 3.82 fib retracement. You could be more conservative on the stops if you wanted to.

CromerKing

Following on from the last idea I published regarding the correction. There's now this Gartley ready for the taking at just the right spot 10967.

CromerKing

The DAX is great for its harmonics. We've not seen a correction for a while and now we've got RSI divergence (over bought), a harmonic pattern and if we had DT that might come then that's a great reason to short. Keep an eye on this one to see how it pans out.

CromerKing

Silver at a good support level. Retrace back to the 38.2 level which is also a previous structure level as a resistance level. Nice and simple.