BrianPenrod

BrianPenrod Updated 

looking at a potential bearish deep crab forming on the 15 minute chart. possible reversal zone of 101.65-101.80 SL @ 102.05 TP1 @ 101.142 TP2 @ 100.768

BrianPenrod Updated 

potential bullish bat forming ion the 15 min chart. Im looking at a reversal zone of around 100.15 through 100.30 will enter after a candle over candle confirmation if the reversal if its triggered. SL 100.093 @the X TP 1 @ 100.534 TP 2 @ 100.804

BrianPenrod Updated 

Short on a bearish gartley

BrianPenrod Updated 

Looking pretty harmonic here!!!! $42.70 looks like good support on the 4h chart. Might look for a bounce off of the.618 retracement or a move down to point d with a potential reversal zone of $41 to $41.75

BrianPenrod Updated 

looking at a potential ABC correction with about a 56 PIP move to point C. Will go short after a candle under candle confirmation and further price action at the open. SL @ 101.165 TP 1 @ 100.548 TP 2 @100.381 Thanks for viewing Bud

BrianPenrod

Looking at a possible 5th wave completion Monday or Tuesday to daily support @ 1.28643 to 1.28341 on Cable.

BrianPenrod Updated 

Looking at a possible bearish bat forming on the USDJPY. 102.511 is the .382 retracement from the July 21 to Aug 16th swing also which could also be an area of resistance. Looking at a reversal zone of 102.511 through 102.580 SL @ point "X" 102.654 Initial TP @ 102.211 final target @ 101.946 Thanks for viewing Bud

BrianPenrod Updated 

looking at the completion of a possible Elliot wave 5th wave with in a channel. SL @ .75222 TP @ .73970 if Im right should get a 90-95 Pip profit!!! thanks for viewing Bud

BrianPenrod

looking at a potential harmonic pattern gartley pattern in GLD. So far the numbers look good. I'm short with put options until CD leg is confirmed. Plus fundamentally I think we will see a good jobs report tomorrow (180K +) which will lead to a stronger dollar and weaker gold. Thanks for viewing and this is just my opinion. Bud

BrianPenrod

Technically, It appears that the last 4 hour bar broke support that has held since the gap up on 24 June. I calculate the next level of support @ 123.94 which was prior resistance and also the .236 fib retracement from the Dec 18 2015 low of 100.50 to the high of July 6 2016 @ 131.09 Fundamentally, if we have a strong jobs report on Friday (and i am sure we will...

BrianPenrod

the numbers are pretty close for a potential bullish butterfly looking at a reversal zone of 101.84-101.771 in order to go long Thanks for viewing Bud

BrianPenrod

looking at possible AB=CD harmonic move in the USDCAD resistance at .618 fib retracement from the July 26th swing high Both stochastics and RSI appear ovesold going short @1.30477 SL @ .618 retracement of prior swing high (in yellow) 1st TP @ the .382 retracement of the CD leg (in purple) 2cd TP @ the .618 retracement of the CD leg (in purple) thanks for viewing Bud

BrianPenrod Updated 

looking pretty harmonic to me! Going short @1.12547 SL 1.1300 Intial TP @ 1.11659

BrianPenrod Updated 

It appears that Apple might be coming up on some strong resistance soon. possible completion of an AB=CD pattern is almost complete as well as the .618 retracement taken from the Nov 4 2015 high and the may 12 2016 low additionally my stochastic indicator is reaching the overbought condition. will look to go short @110.55 all comments welcome Thanks for...

BrianPenrod Updated 

Possible top forming here with what appears to be a good harmonic patter of AB=CD. looking to short with Put options after a candle under candle confirmation on the 4 hour chart. SL 120.00 1stTP 110.94 2cd TP 107.94 . thanks for viewing and any comments welcome!!! Bud

BrianPenrod Updated 

looking to go long around the open tonight with a bounce off of the .618 retracement. SL @1.11324 TP@ 1.12675 (using a trailing stop) Thanks for viewing Bud

BrianPenrod Updated 

Looking at a long entry once I get a candle over candle confirmation off of the .618 retracement of the 26 July thru 2 Aug Elliott 5 wave swing high and low. Initial take profit at the 1.272 extension @1.13011 Stoploss set just below the .618 retracement support level.

BrianPenrod

Possible AB=CD harmonic pattern setting up on the hourly chart. right on the .618 Fib retrace of prior high and low.