JamesKabyemela

JamesKabyemela

Here there's a bearish trend. I would advice you to trade within the channel. If you wanna buy this market I will advice you to wait until the channel gets broken toward north. Good luck and happy trading :)

JamesKabyemela

After every sudden move that has closed at highs or at lows, the accumulation or distribution come afterwards. These periods in the market are used to remove resistance areas. In the bullish view, you will notice areas where the market will stumble then continues the rally. This is because there's supply in the market. The market makers have to take in this supply...

JamesKabyemela

I haven't been posting my odd patterns recently If you have noticed. Well, I have been studying them into detail to perfect their accuracy. What I have come to realise that all patterns work, and they are accurate. However, in approaching into such conclusion I must consider the market's condition. The background information has its relevance in these harmonic...

JamesKabyemela

The background information tells us that there's a potential supply at the hours of the news events. This could be the last drive down before the market starts to look for the opposite direction. I am short biased and I anticipate a test at 61.8 retracement level.

JamesKabyemela

Through my trading journey, I have come to realize that whenever there's an upcoming news events, especially the important ones. Normally, they tend to be announced during the end of the trend. Once announced, the market tends to settle down for few days hence accumulation/distribution( ranging period) and then, it will either change the direction or resume back...

JamesKabyemela

This market its in disequilibrium climate, be warned bears. Anyway, today, one of my followers requested a clear chart with entry levels and stops. I then thought, why not. Lets say, this is one of my trading journals Good luck and Happy Trading :)

JamesKabyemela

Looks like price wants to go and test R1 The accumulations period might have just finished. Accumulation, usually means a ranging period in trading technical terms. In bearish market, distribution happens instead; thus accumulation in the bullish market and distribution in the bearish market. From the price action, you will notice that there have been nearly no...

JamesKabyemela

thoroughly analysis Conclusion: Bullish Sentiment Good luck :)

JamesKabyemela

Technical - Bullish Cypher has formed. Its parameters are 78.6,61.8,178.6,70.7/78.6 respectively. - Looks like a head and shoulder will be formed in the future - MACD and RSI shows indication of no supply - The big green candles do tell me there's high demand. - Beware of Parabolic whipsaw - Use S1 for entry if you missed the 70.7 Fibonacci level Fundamentals -...

JamesKabyemela

According to the past, there was a butterfly pattern formed during these price activities. You can easily see it through 26 candles away from the present. It's illustrated by the lagging line from the ichimoku indicator. The pattern's parameters should be 78.6,1.27 1.618 respectively. In real time information there's a three drive pattern. Now the three drive...

JamesKabyemela

Head and shoulder aligned with AB=CD pattern.

JamesKabyemela

This is all technical based. I have ichimoku that indicates a bullish sentiment backed up by AB=CD with its parameters of 1.27,0.786 respectively and the crossing of 150 and 365 emas. You can also see the price is approaching the parabolic sar, this could mean its the end of bearish trend. Now if the market breaks the R1 level, the price will be bound to settle...

JamesKabyemela

This is a technical based: 1. Ichimoku: Lagging line has penetrated through the bearish cloud = Bull Alert : The price is above the cloud. : The price above the conversion and base line : The conversion line is also a s/r level. Possible retest of the likely needed. 2. MACD has failed to cross. Alert:...

JamesKabyemela

Technical: - Possible AB=CD to be formed with parameters of 78.6/127.2 respectively. - The new high has failed to form. Another indication of bears in power. - MACD still indicates the bearish sentiment. - support line 1 has aligned with -27.2 and 127,2 Fibonacci levels. - The market looking to form point D Fundamentals: - We know there was some bad news for...

JamesKabyemela

Okay I have tried to write my thoughts in order, oh well as you can see I didn't have enough space, so the chart is a bit everywhere. But I want you to read this as if its a puzzle. I have used numbers as directions to point out which thought you are supposed to read. Start with ones that have no brackets. Good luck and happy trading :)

JamesKabyemela

Technical: - The bullish total 3, formed on a daily chart with parameters of 70.7,113, 38.2 and 200 respectively. - RSI is still under 50 level, likelihood of continue to go bear. - The MACD still indicates bearish sentiment. - Looks like S1 needs to be retested. - Formation of 3rd drive is needed for suitable entry Fundamentals: - Today at 1:15pm GMT daylight,...

JamesKabyemela

Technical: - The Bullish White Swan, forming with the parameters of 50,50,261.8&70,7 respectively. - The hidden RSI divergence, possibility of trend change. Expecting to come back and retest the 50 level. - Pivot point could be retested to determine the direction. Hence, correction of the bearish trend is needed for late bears. - Fibonacci retracement, of 70,7 or...

JamesKabyemela

It looks like there is a possibility of a trend changing to bull side. On here, I am looking into get in short. If you have notice I tend to trade on highs and lows. It's important to put stop loss on every trade decision, VERY IMPORTANT. Let's get technical now, I have tried to illustrate every signal that has been formed on the chart. Example, there's a new...