It really looks like a mess of harmonic patterns and structural levels, but I personally think there are lots of opportunities here. Identify: Harmonic Patterns: 2 Bearish Bats + 1 Bearish Crab 3 Structural Levels (Green & Blue Zones) Fib Clusters found at completion of Harmonic Patterns Fib Cluster 1 is found at the Bearish Bat pattern completion...
Note: Tomorrow is the Non-Farm Payroll… so this pair will react significantly to the news event. I am hoping to catch the up move out of the ascending triangle before the news event. Identify: Bearish Sentiment due to New Structural Lows on higher timeframes Ascending Triangle. Implies possible continuation in short-term bullish direction. Based off of...
Note: I know some of you may say that this is not a Bat Pattern and it is really a Gartley Pattern. After some time backtesting, I just call anything with a XA retracement between 0.382 up to 0.7 as a Bat Pattern. Just the way I define it. I know that Akil Stokes & Jason Stapleton at Trade Empowered have augmented the pattern to have a 1.272 Fib BC extension (do...
Identify: Price Action has bounced off a trend line 3 times. Price Action making new structure lows (Bearish Bias) There is a fib cluster that matches the structural zone shown in red where the high and low of the zone are based off structural levels and the fib retracement levels. Another fib cluster for potential targets found between 1.294 and 1.298 ...
Identify: Price action making lower lows (bearish sentiment) 3 Drive Pattern forming Price action currently within structural level that matches a 0.382 AB and 0.5 AB Fib retracement along with a 0.618 and 0.786 retracement from last lower high to B point Possible Bullish Bat pattern is forming with completion at a structural level between 1.524 and...
Identify: Price Action has made new structure low (NSL) Price Action looks to be retracing back to structure @ 86.25 Possible Bearish 3 Drive Pattern with completion @ 83.76 Bullish Bat Pattern forming with completion @ 83.50 1.618 Fib Extension of second leg in 3 Drive pattern matches with 3 Drive pattern completion Harmonic Patterns complete...
Identify: Price Action currently is in consolidation but still holds Bullish Sentiment Bearish Butterfly Pattern forming. Probably short-term move within greater bullish trend Bounds of structural zone is based off support/resistance, which matches the 0.5 and 0.618 retracement of the larger swing low to swing high move (zoom out of chart to see it). ...
Identify: Price Action continued to make new structure lows (especially with the news event last week) Price Action rose back up to break previous structure low at 1.10 Price Action reached minor structure at 1.1072 and then continued down to 1.10 (Previous Structure). The drop to 1.10 is in agreement with a 0.5 Fib Retracement. A 1.272 Fib Extension...
GBPAUD has been in a bullish trend for some time (check the daily chart). Here are the things that I see: Two Structural Levels around 2.15 and 2.105. Price action currently at the 2.15 structural level. Minor structure at 2.17690: Matches with a 0.5 retracement of 2.15 structure and C leg. Bullish Bat Pattern completing within the 2.105 structural...
Was looking at the 1hr chart to help me make some good trading ideas for the 5/15 min charts. Wanted to see what structural levels I can find to start looking for opportunities. Looked at the 4 hr chart, then the daily chart, and finally the weekly chart to see this setup. Here are the notes I wrote for myself: Price Action has been in overall Bullish Trend...
EURUSD has been a range of consolidation since May and whenever there is consolidation, Harmonic patterns start to pop-up. LL = Lower Low LH = Lower High HL = Higher Low HH = Higher High Prediction: Continuation to Bat Pattern completion around 1.135 although bear in mind that price action can move up to 1.145 (the green rectangular region outlining previous...
Hi Everyone. IGNORE THE SHORT LABEL NEXT TO THE TITLE. IT SHOULD SAY LONG. BULLISH BAT PATTERN. I have been away from the trading world for some time due to work/research-related obligations. I have been looking at some pairs and found this interesting Bat Pattern in the process of forming. Points in Favor of this completion are: (1) 3.14 BC and 2.0 AB...
Going through many charts. Don't think I ever published these many ideas in one day. This is my idea for the GBPUSD. We have broken a Rising Wedge Pattern that I missed. Currently the pair is retesting the wedge pattern trendline support (now resistance; red solid lines). We will probably see a continued drop down to structure at 1.531. If I were to enter this...
Gold/Dollar has had a nice Bearish run lately (after a wonderful Bearish Cypher pattern had completed). The pair has been making new structure low after new structure low again and again. I have identified an opportunity to make some quick pips before the possible continued down trend. The pair is currently in a consolidation. A little breather before a possible...
Another Stock Idea. I have been going through a list of liquid and optionable stocks & etfs to find stocks to possibly trade options with. For those of you who follow me, my first time I ever traded with REAL money was with options. Did great for a team, but had no trading plan and no risk+money management. Goes back to the saying "Fail to Plan and you Plan to...
I have found an interesting AB=CD pattern that is a great opportunity for anyone in Stocks or Options to make some money on the ride down. Apple has been on a strong bull market for quite some time. Now I am not saying that this is the end. Far from it. This idea is just to make a quick profit (if it works). Here is the roadmap of the idea. I see an AB=CD...
After looking through couple of charts, I have identified an interesting Bullish Bat Pattern. Now I usually stay away from the CHF pairs (mostly because of the nightmare that I saw in that drop... wasn't part of it so I wasn't financially hurt by it at all). But when I see harmonics matching levels of structure with Fib ratio confluence... bells start ringing in...
Hello Everyone, I have identified a Bearish Bat Pattern in the making. I was taking a look at a 30 minute Bullish Bat Pattern that JasperForex had posted (great idea might I add). I decided to look at a higher time frame to see what potential harmonic patterns can be found. I identified this Bearish Bat Pattern along with a descending triangle. Here is what...