The Santa needs to show up soon to safe the Christmas.
A shark pattern is under development. You might want to take that into consideration if you're short. Waiting for long confirmation. / Robert
Bat Pattern @ Dow Lower timeframe needed for appropriate entry. - Robert
Major Bat pattern @ FX:GER30 Lower timeframe needed for appropriate entry. - Robert
Looking for a nice long term entry in FX:GBPUSD . - Time mode: at the edge of the triangle - Fibonacci: at 50% Fibonacci retracement of triangle up-move - Symmetric ABCD at near completion. I need the lower timeframes to confirm the entry. Best, Robert/ Lucrum Trading
Shorting the corrective move. Will be a good place to look for long position if target hits.
It looks like Nikkei index is forming a ending pattern. We need to break out of the b-wave in order to make the final c-wave that would be the highest point in this pattern. Area of interest is the box but also a lower point if we fail to make new highs.
We need a finale leg down. 0.963-0.965 is a very harmonic price area and should act as longterm resistance. Will get in on intraday weakness. Take care.
- 50 MA support - Positive divergence @ MACD - Positive impulse waves
I will update this idea but as for now it looks like a trendshift is imminent. Have a good weekend. Update: Went bearish before expected :-)
Longterm target - still a lot of downside to give - will ultimately update if I change my view.
What I find the most problematic about the Dow Jones at the moment, is the appearence of a evening/shooting star at the 1,618% level of the dip in October last year. According to the linear chart we have also broken the formation. Bulls will have to push prices to close above 18400 in order to kill the bears.
Update SL hit. Waiting for new entries. Shark + divergence Risk/reward = approx. 3
Too much is pulling Nikkei down in this area. Area is T1. Wait for the reaction - could go lower. Stop loss above previous swing.
Possible bull flag on the way. Small trade :-) Stay safe.