dojitrader

dojitrader

Defined risk keeps you in the game, which is why I like this trend continuation set up. Only about 40 pips. Maybe 50 pips as this is such an obvious set up should we bet the market tries to push past the limits ? Unless, of course, my idea is wrong ? Naw, couldn't be, could it ?

dojitrader

What's Oil up too ? If it doesn't double top with divergence perhaps, it's headed for a Bat completion that fits rather well with a double zig zag type wave count. Peculiar, in it seems to be an expanded flat for wave X and some sort of expanded/irregular/rare ? flat for wave ii of C. Enticing harmonics have A=C of Y only 7 pips higher than the Bat. Might have to...

dojitrader

I'm just not a big fan of H&S patterns as they are soooo imprecise they tend to appear like UFO's, it seems to me. BUT, if this one develops it would be very harmonic/symmetrical and include the technical analysis of support/resistance areas So, I'm looking for an aggressive short in the area of the RShoulder. Or/and an additional unit short on a retest of the...

dojitrader

This 3 Drive looking pattern is fairly symmetrical and harmonic. It also matched fximperija's Gartley and Crab chart for a short around the 96.00 area It might even go along with traderWgun but I haven't found the update I thought I recently noticed. Stops might be problematic for price action could easily test the recent highs @ 96.50 I think I'll let the...

dojitrader

IF, and it's a BIG IF, this pattern plays out as the flat I've laid out, to the 4th wave of one lesser degree, the sell point should be around 101.50/80. That puts it in the middle of lots and lots of technical possibilities. Should we get 3 waves in B I'll be looking to buy for the trip into the .50% retracement area. BUT, the big reason for this trade is selling...

dojitrader

Perhaps number 7, or is this 8, will finally pass muster. OR, we might have to endure a flush of stops that are surely building below to find the upside blast off. OR, I could be completely wrong and this will drop like a rock. Divergence everywhere you look - even some hidden ? (inverse divergence, as I like to call it) The risk is small to find out. Perhaps...

dojitrader

It's kind of a long shot, but maybe, a triangle before the last thrust lower is starting to look likely. In any event, if you're seeking an entry for more trend continuation to the upside, this might be a good place to jump on board. When will this correction end ??? Maybe it can be Cyphered out !

dojitrader

Take your pick or try'em both ~~~~~ The ab=cd has more credibility when you include the Elliott Wave count of traderWgun I'll take the first short, for sure, especially if this last up leg shows a zig zag. IF the Bat comes into play -- the psychology battle will be Huge. Set stops for each or just one for both. That's a little bit much for me so, as usual, I'll...

dojitrader

Ending Diagonals in Pairs ~~~~~ I suppose. I can figure several wave counts to support or not another ED. Drilling down it looks like all that is needed is one more 3 wave thrust into the trend line and last gasp support around .8160/70 Drilling down on the 4 hr chart ~~~~~~ www.tradingview.com ED's are my favorite, but, I always need the candlestick's to help...

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PSoulfidis first Published this idea 2 days ago and now there is a great looking Dragon Fly Doji with continued divergence. Going short with low risk as anything over the highs of 1.4949 would chase me away from this idea that the top is in place. Thanks for bring this to my attention !!!!!!

dojitrader

This has "the look" but not really the technical requirements of an ending diagonal that subdivides into waves of 3-3-3-3-3 Yet, it is happening at what could be the top of a huge move. Cable likes to hit and retreat with the big figures, so I'm thinking that a very low risk short might occur around 1.6900. This would also produce the common Trend Line Overthrow...

dojitrader

The last 40 minutes or so may have put a damper on the double top idea, just a little short of the short entry, but, I like the confluence that arrives in the area of .8890/8900. Price action seems very corrective and overlapping and yet, so many times this year such a trade has morphed into some sort of extended C wave before it does what I've expected. No doubt...

dojitrader

Looks pretty clear to me that the potential for another wave Up is at hand.- classic Elliott Wave - 5 impulsive waves followed by 3 corrective/overlapping waves. The 50% retracement @ 1.6745 is also where A = C and ab=cd right into great 4 hour support BUT, looking left Cable has almost always corrected .618%. Probably just to keep traders like me crazy with...

dojitrader

While seeking to update my previous 3 drive post, (instead of soothing my bruised ego, so often the case) it seems there is a Cypher pattern that sorta makes the revised EW count seem near completion. What I thought was a triple three may be a double three which could turn into a triple three. The Cypher has HUGE stops for me so I'll continue to seek an entry...

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I must admit I plagiarized the wave count for wave 4 from another trader that see's through the market noise better than my abilities allow. BUT, I can see for myself, that there are 5 waves up from the channel - wave 4 - proposed bottom and that should elicit a 3 wave correction for a chance to enter long and ride the wave as high as the potential projections of...

dojitrader

This last blast off is trying to scare me out of this trade, but, the harmonics are looking pretty good. What was a shooting star now seems to be morphing into more of a spinning top which is more neutral than bearish. It could finish at the top of the hour as a piercing pattern. This also seems to be an Elliott Wave triple three (11 swings) if the labeling is...

dojitrader

Buying the hammer - almost a morning star - with small rsi divergence at fib and 4hr support. Small risk about 15/20 pips Wave count implies the possibility of a retest at some point during the next 24 Good Luck !!!

dojitrader

I kinda like this set up ~~~~ Uh Ooohh! (If I'm not sweating bullets that's when I need to worry) Stops are debatable with the Gartley going above X but, Butterflies are usually immediate reversal patterns that need small stops and both patterns are right up against resistance allowing for a smaller stop, in my mind, just above 103.71 where A = C. How tight is the...