Rinehart

Rinehart Updated 

Price based out and was accumulated around $12 for over a year. Now we have a breakout of the cup and handle or frying pan with strong volume. Near term the first major area of resistance will be $115. At current prices this would be around 100% gain on the trade.

Rinehart Updated 

Prices have fallen to the 1.618 extension, clear accumulation activity on the volume, also a falling wedge pattern which are normally bullish. Fundamentally, RCII is a M&A target.

Rinehart Updated 

Price has pulled back to the 50 fib and Ultra high volume zone produced in 2013. It is acting as support.

Rinehart Updated 

Price form a double bottom off an area of significant volume. Crab pattern matches nicely with other projections.

Rinehart Updated 

PHX has been accumulating for a very long time. We have now form a nice Inverse H&S pattern that is giving us a neckline to watch for breakout.

Rinehart

Triangle pattern retest quick to drop.

Rinehart Updated 

EURAUD appears to be printing the right shoulder of an inverse H*S. A 38 - 50% fib pullback of today's outside bar would be an ideal entry long.

Rinehart Updated 

GBPJPY appears to be making a BARR reversal pattern. This is a pattern from Thomas Bulkowski... We are right off the 61.8 fib from the down move. We have printed an outside reversal bar. Tomorrow is NFP so expect some type of upthrust before we come down. If I'm correct about this pattern, these like to fall hard and fast!

Rinehart Updated 

EURNZD has broken a long term trendline and a more recent trendline. We have flipped the longer term moving averages. Momentum is up. Let's go!

Rinehart Updated 

We are retesting an area of support turned resistance. We have a target around 0.9776 for the Harmonic bat pattern.

Rinehart

If we can close above the neckline strongly, OIL is going to $75 a barrel with 6 months. Also likely and probably fitting into the strong USD idea is a rejection of the neckline with Price Action. A short down to the right should at this point is a solid trade.

Rinehart Updated 

Oil is going to present a beautiful opportunity for a long trade once we break the Inverse H&S neckline.

Rinehart

GBPNZD has been banging into supply over and over at 1.8050ish. If we can clear the level and stablize, I'll be looking for a long opportunity up to 1.8350

Rinehart Updated 

Silver breaking down out of a triangle consolidation. Pattern size gives us a target around 18.20

Rinehart

We need to breach the rising trendline. Then we have lots of downside options.

Rinehart

Cypher Patterns are more rare and run against higher highs and higher lows. Therefore this is a riskier trade. That said the fibs all match, DMACD crossing the zero line and volume all favor the downside.

Rinehart

If we can get a strong close below this trendline...the Gartley target is easily reached and the Crab is certainly possible.

Rinehart

USDCHF looks ready to rally if it can break near term resistance.