I drew this pattern a few weeks ago and it's good to see that price has conformed to the pattern. Being a pattern found on the weekly timeframe this level can get tested a couple of time over a number of weeks. The most ideal thing to do is to catch the trade on lower time frames fist analysing the D1. You are basically looking for signs of price divergence over a...
The pair shows a beautiful Butterfly pattern forming. Its end point is the beginning of a historic weekly order block. This level hasn't been testes since August of 2020 and it is very likely that there's historically trapped volume at this level and institutional orders are likely to be sitting at this level. The last harmonic projection on this pair from my...
EURZAR is currently in a Weekly order block. We have vector candles showing a decisive three pushes to the current low. RSi and TDI should read lows and Shark Fins in this region. Look for a Head and shoulder pattern to enter long toward the 70.7Fib retracement of the XC leg. Usually pattern failure may occur around the Fib level around the 19.5100 level. If...
A bearish Cypher on the Weekly timeframe is near completion. Price is currently within a Weekly order block and we will most likely see a lot of trapping behavior in this region. This area is arrived at after a very long bullish trend and so as a result we will most likely find a build-up of both institutional volume as well as day-trader volumes. On the daily...
The XA leg of the Harmonic is a Double top in itself. The huge wicks on that leg suggests large institutional volumes trapped in that region. The CD leg just broke through the last order block and we see a confluence on the 1.272 Fib and 2.000 Fib where the CD leg completes. The H1 also gives a beautiful crab pattern competing around the same region. I would say...
Solid Cypher pattern on the H1 for GJ here. With strong confirmation from the H1 order block as highlighted in the upper blue rectangle.a confirmation on the M15 may be necessary for entry.
Video shows my thought process as well as Confluences leading to the execution of a trade based on harmonics as well as the Beat the Market Maker Method #BTMM. It is a classical near-perfect Shark Pattern.
The pair is at an all-time 2021 high. Institutional volume is sitting strongly on the Weekly 38.2% Fibonacci retracement. Support by a bullish trend line on the Daily the pair might see 15.60 first before we begin to witness the formation of a bearish structure on the D1. economic indicators do not as of now give an indication that we will see a breach of the...
A near perfect bullish cypher pattern has just completed on the H4 time frame. In line with this pattern we expect to see the Pound strengthen to that 1.7300 area where it reaches the confluence of a strong order block as well two Fibonacci retracement levels namely the 0.236 from that XC impulse and the 0.707 of the CD leg. A head and shoulder pattern would then...
EURSEK seems to have a strong characteristic of staying within a channel until it forges a new one in the direction of volume and trend. The weekly time frames shows that the pair exhibits strict adherence to a channel until broken to form a new one. We might therefore see a rally to the previous highs followed by a sideways channel and then a descending one....
H1 and H4 showing a bullish channel with a possible channel break and retest. Retest may or may not present itself as a head and shoulder pattern or sideways movement followed by subtle stop hunt high and drop. D1 order blocks insinuate that we have trapped volume in the buy and so the bullish trend on lower time frames may be seeing an imminent end!
Looking for strong reversal patterns with away from peak trading on the H4 time frame. An order block presents itself right at the helm of the trend line giving upper boundary of the megaphone. An Elliot wave analysis of an expanding triangle is consistent with this possible trajectory of price
We can see a possibly completed rising megaphone with all the trappings at relevant order blocks. The index may short towards the order block but most likely rally to the Weekly trend line.An ABCDE rising megaphone pattern consistent with Elliot wave theory satisfies a rally to the weekly trend line.
Please check my precious analysis on GU. H4 seems to be creating a channel consistent with Elliot B wave correction pattern. At E on the 4 Hour channel may give the sell to the last leg correction in the D1 ABC correction. If we have a close and reversal at the end of that channel this analysis becomes valid. A failure may be an a mere overshoot please wait for...
Bullish Cypher to complete as shown Head and Shoulder pattern completed on weekly....current wick rejection insinuates we might soon see a drop. However we have NFP in the week ahead and this drop might just be used to trap volumes in the sell until NFP data is presented. Order block on the D1 has not yet been breached in the sell so a movement back into the range...
EURSEK seems to continually give trending behavior with a channel context on the Weekly time frame. A retest of the weekly order block would give a potentially strong D1 swing.
The pair just complete a wave 4 typical triangle (W1) and is not within a D1 order block. I retracement upward followed by strong sell structure can be anticipated after which strong swing trades in the sell may be placed. The Bat pattern on the D1 is still valid.
EURJPY has just undergone the fourth typical correction on an Elliot wave structure. It has tugged the weekly channel and is consistent Monthly channel confluence. Sell order will be appropriate. I expect a buy correction momentarily within the D1 order block.