Timing_is_key

Timing_is_key

The pound has made a nice bounce off both the upward purple median line and a nice peak to low reaction line. It is now in a triangular holding pattern within a nice triangular ledge. May bounce around within the green triangle before breaking down. Note: If it Zooms and breaks the high & closes above the upper Purple dotted median line convincingly, bearish...

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This is a continuation of my expanding pivot trade on the GU based on converging lines, expanding ranges and a possible P5 completion, let's see how this unfolds

Timing_is_key

This trade is based on expanding ranges terminating at P5. Will post update soon

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This idea is based on a double failure to reach the ML and a retest of the break of the Upper MLH Parallel Sincerely, TIK

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Looking for a pullback on this potential Double Top P5 Reversal Trade. It has tagged the underside of the lower pitchfork parallel & broken the latest up trend line. There is also other converging lines meeting price at this level. lets see if I get an entry. Sincerely, TIK

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Today's Idea is how we can interpret a combination of Forks, Fib Retracements and ( S/R ) Levels, Notice the Compression Zone where 2 forks overlap...... A break of the Triangle can give you an early opportunity to enter the market. The other interesting point is the Double Bottom a break of which can create a powerful drop to the 50% Level. My analysis is on the...

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Looking for a pullback on the pound after a completion of 5 pivots, The lower RED Upward parallel is now broken lets see if I get a fill for a SHORT!

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Today is a follow-on from my monthly chart which shows we are close to an important level which could "Bring In The Bears" a little later this month. My Original Post has a level of approx 18100 however looking at the Daily I will be looking closely at around 17500 for a bearish signal, keeping in mind that the S&P500 is already at the major Upper Parallel of the...

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Simple trade looking for the pullback entry on the break of the 0-4 line'll let the chart speak

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Today's chart on the GU shows prices have left a Gap to the Upper MLH giving me the first sign of weakness. Also I have 2 consecutive fork ML's pointing down ( not shown here to avoid clutter ) telling me the down trend is firm. Based on the bearish bias, we should get a trip down to the Median Line ( Dotted white line ). As long as the Upper MLH is not broken...

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My Idea today is on the DOW and is based on median line and action/reaction techniques. I see an important Time & Price Zone to watch for a Top in October 2014 around 18100. This view is based on technical's culminating at the same point. Let me begin with the Pattern. For those unfamiliar with an expanding pivot, this is where each consecutive swing gets larger,...

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Hello all, Spotted a skewed H&S Pattern for a shorting opportunity, Notice that we have a mini 5 count coming into the right "Shoulder of the Pattern". Also notice that the Left & Right Shoulders are showing symmetry with the "H" Peak to Low Centre Line. I have two potential targets with good R:R. Let's see how this unfolds. Sincerely, TIK PS: Also note the...

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Hello all, We have the EU and the pound correlating at a potential P5 pivot. As the potential top came in a little early and hit the Upper MLH I am going for an ambitious short with a tight stop on the EU at around 129220 . Lets see what how this unfolds. Note: If entry price does not activate and price moves sideways past the red downward sloping reaction line,...

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Hello all, This idea is based on an IEP chart pattern in a falling market that may be a tell for a turn to at least 130350. As this was setting up on friday no trigger was activated ( Break of upper green MLH ) so the weekend provided alot of time for traders to place their long orders so I expected a gap on open. The market has since filled the gap and provided...

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Waiting on a pullback for an entry on this short term Idea. Let's see if I get a fill!

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Looking like this ones rolling over if it break's the P3 - P4/P5 ML. Initial downward target is the lower yellow parallel, Second Target is the Black Upward Reaction Line. Let's see this unfold. PS: I have some good counts indicating the P5 is in. Note: If price closes above the top downward blue dotted parallel I will exit my shorts if my stop was not taken...

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This Idea is illustrating how a breach of the lower parallel is an early warning that their there is underlying weakness in the Aussie and if it closes below this angle there is a high probability that it will head towards the next ML. Notice how steep the downward fork is:) Also notice that swings P1 to P2 to P3 to P4 to P5 are all expanding, ( in this case...

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Hello all, Let me begin by thanking Fibline for highlighting the big blue downward pitchfork which highlights the importance of counting pivots in median line study. I urge you to look at his chart first as it is a critical first step when looking for P5 reversals. Kudos to you Fibline:) IDEA 1: After BIG P4 is confirmed Counting the EW abc then the 5 RED...