Looks like we have nice triangle almost formed. Waiting for more move up and brake to upside. If it's confirmed we can look into butterfly formation going on. If we brake bottom trend line I will expect bounce of it and more move down.
I was waiting for a good chance to enter my previous idea but after a while I saw it will not work out the way I planned so I revised on possible scenario, always import to have your rules set up. This time I'm waiting for more move up but drop can be possible as well. FOMC meeting tomorrow, price can go little crazy. I don't like crazy impulse moves so I try to...
Hi Traders, Watching the price action as we are approaching important trend line with .618% retrenchment. Chart is talking for itself as well =)
Expecting bat completion plus trend line to get involved in long position. If we see brake of trend line and bounce of it to the down side than we can go short. Lets see.
Looks like we have Bat pattern almost formed and trend line for the nice bounce down. We also on the looks for brake out.
We have 3rd touch of major trend line and potential Garthley. For now I'm looking into going down for one more touch of the base and move up for the brake of the trend line. Lets wait and see for the signal from price
Going short here, and chart talks for itself =) Trying to have it simple...watching lower time frames for the price action, sometime can find a lot of clues where price wants to go.
There are two ways to get involved here, we can have a nice drop if this level will be solid or go up if brake of trend line will happen. Move down also supported by RSI and Head and shoulders.
Expecting to see the move down, we are in the big triangle as well as some major trend lines crossing. RSI overbought and we never went all the way down. We might see big move tomorrow after crude oil release =)
More looking to go long, but short opportunity is still on radar...need to watch price action closely now
Looks like we are good to go long here, Bat pattern was completed, so waiting on the brake of trend line.
We have multiple patterns and nice trend line..Price in decision right now so we can see where brake out takes us. Good luck!
There is potential cypher on the Daily and looks like we are in down trend, if brake confirms it we will be on the way down. Plan your trade, let the price confirm the move and get involved.
Looks like we have Cypher coming up and if I see confirmed brake out I will be short. Plan you trade and wait for price to confirm the move.