Yuba_Tamazgha

Yuba_Tamazgha

Powershares is showing signs of potential bearish crab pattern. The PRZ is measured from A to X leg at the 1.618 extension level at price $96.23. Even though there is naked structure around $96.28 kill zone, There is confluence at $96.28 at the 3.618 & 1.618 extension level. This should act as resistance. If this plays out, we should see a good rejection which...

Yuba_Tamazgha

There are 2 really good trades that can play out here. A bearish Cypher (Blue) and a bullish crab (yellow). Currently, price action is in close range of the cypher. If price action can make it's way between $352. 40 at 1.27 extension and $362.18 at .786 retracement kill zone, there is a high probability chance for a reversal. If the cypher plays out and price...

Yuba_Tamazgha

Bullish Bat pattern (orange) has formed and i'm looking for a bounce at the .886 retracement from X to A leg. Price is currently at good structure and historical support as well there is a confluence between the .886 retracement and 2.24 extension which gives highly confirmation of this pattern playing out. This is only a countertrend trade. EURAUD have been...

Yuba_Tamazgha

Yahoo has produced two high probability patterns that would fit well in a bearish channel. The cypher (purple) formed right after the rejection candle at $32.17 at the 1.27 extension measured from the X to A leg. Price also put in a double top at $39.64. A Gartley pattern (red) shortly appeared right after. The kill zone for the bearish Gartley pattern is at...

Yuba_Tamazgha

There's a potential gartley showing up. If C leg can make it up to $92.68-$92.74 we may see reversal in price upon the completion for an intra-day trade. For longer term, price action may trade down to 91.08 to complete a Bat pattern. There's strong structure around $91.42-$91.13. The Bat pattern would make for a perfect retracement back to the trend line, if you...

Yuba_Tamazgha

Measuring the A to B leg with fibonacci , C slams right into the .382 fibonacci retracement. If the .382 can hold it's resistance and throne, we may see possibility of a bullish butterfly completing at price $12.65, 1.27 extension level. Although A to B extension 1.27 and C to B extension 1.628 does shows confluence, price may reject these levels as support and...

Yuba_Tamazgha

Could Facebook stock drop to $50??? It might be too early to tell, but if price action doesn't make a new swing high above C leg, then this pattern may have high probably of completing. Bearish divergence on the RSI extending from July 13'. A GrandSuper Cycle wave 3 confirming the down trend which peaked at price $72.73. $FB is now showing signs of a bullish...

Yuba_Tamazgha

Fundamentally, the euro is not looking so good. But I always trade what is on my charts . Price has formed a Bat pattern and also a cypher pattern (credit goes to user eXcess0070 for informing me there is also a cypher possibility)... Hidden Bullish divergence on the RSI tells me maybe the Euro is not completely done and have some fight left in him. . PRZ zone is...

Yuba_Tamazgha

Intel is meeting all of the requirements of a Bearish Crab pattern . The prediction of the D leg slams right into previous structure of monthly resistance of the wave II cycle at $34.34. Would make for a perfect PRZ. Also, If we could get some divergence on the RSI, that would make for a better confirmation . Let's see where price action takes...

Yuba_Tamazgha

A very good impulse leg on X and a nice rejection into the .382 on B leg. If price action can takes us further down, we may see a reversal at 1.083 ****************************************************************************** For inquires of education, live trading room, or prop trader funding email epicdaytrading@gmail.com Skype: epicdaytrading PH: +1...

Yuba_Tamazgha

Bearish Gartley showing up. Price action made a double top around the 1.27 fib extension from the A to B leg. Looking to take target 1 @ $1.468 .382% fib level and target 2 @ $1.440 .618% fib level

Yuba_Tamazgha

The bulls have been man-handling Nasdaq for awhile, A bearish butterfly is starting to form, The RSI is already over bought. If sellers can take the nasdaq down for a quick breath, we may see a reversal in price.

Yuba_Tamazgha

Another Gartley forming on a daily chart. Target 1- @ 1.501 38% fib level Target 2- @ 1.532 61.8& fib level

Yuba_Tamazgha

Following my previous post on EURJPY. Traders pointed out that the pattern I posted was not a gartley. Indeed I did spot a correct gartley pattern, but I made a mistake and started the "X" leg around 138.771 when the correct "X" leg was suppose to start at 136.280. So this caused confusion and was the reason for the pattern not looking like a Gartley. The "D"...

Yuba_Tamazgha

Price action headed up a little higher into the PRZ. Fibonacci retracements has been adjusted from the A to D leg. New Targets Target 1- @ 102.267 38%f fib level Target 2- @ 101.941 61.8% fib level

Yuba_Tamazgha

Target 1- 38% level Target 2- 61.8% level

Yuba_Tamazgha

Target 1- 38% fib level Target 2- 61.8% fib level

Yuba_Tamazgha

Target 1- $102.063 at the 38% fib level Target 2- $101.811 at the 61.8% fib level Trade at your own risk