Bat Pattern requirements The pattern incorporates the 0.886XA retracement. This level is at 50.84$ B point less than 0.618, preferably a 0.50 or 0.382 XA. In the pattern above B point is 0.529XA The bat use a minimum 1.618 B-C projection. This is projected at 49.55$ The AB=CD pattern™ within the Bat pattern™ is extended and usually requires a 1.27...
Interesting setup in the DXY at the end of the week. Supply and Demand levels We are now back into the daily chart demand zone (light blue) with price is testing the hourly demand zone (dark blue) @ 93.33 - 93.15. Supply can be found between 93.96 and 94.11. For those who use indicators for confirmation, the Relative Strength Index indicator is now at 26, well...
Natural Gas - Short term levels of supply and Demand to watch next week. Supply and Demand: 2.923 is a level to watch closely on Monday. Last week we broke through a daily trendline at that level and price ran over 71 points in less than a minute. Just below that level there is Thursday point of control at 2.912, this is where the most volume came in before...
Supply and Demand levels for Soybeans / 60 Dark red = Fresh supply zone Light red = Re-tested supply zone Green = Fresh demand zone Light Green = Re-tested demand zones Short term analysis: Price is moving in a bullish channel with price pulling back from Point of Control (VPS). Lower channel trendline is close to two fresh demand zones supported by high...
Short term levels of supply and demand for CAD/JPY
Confluence XA 1.618 at 3.618 BC extension.
AB=CD Pattern ratio AB 61.8 with an extension of 1.618 BC at ABCD completion. 43.77$ confluence @ previous structure
LSE:DC. Bullish butterfly formed on the 2H Chart