JSAX

JSAX

Bat and Cypher advanced patterns for potential reasons for entry to get in long with trend should it hold and continue. Looking to cut risk and move stops to actively trail after a 1 to 1 or the conventional targets are hit after being filled (38.2 and the 61.8 retracements)

JSAX

Overall pattern structure is similar to when price broke out that important structure resistance level that held previously. Could price be attempting another breakout for another leg higher? Depending how price plays out, will be looking for longs for that pattern OR that structure support which was once resistance to get long.

JSAX

After the bullish break in early November, looking to get back into the move as price has pulled back since then into a larger steep flag where it ran in a channel and may potentially be at a turn-around point to get back in long and continue either the retest or another leg higher.

JSAX

Daily has a potential ascending triangle pattern and is likely to breakout to the upside and continue its bullish run. Looking for reversals from the pullback down on the lower time-frames to get long in anticipation of the next leg higher. An inside level of structure zone that lines up with the 61.8 retracement may also line up with the ascending triangle...

JSAX

Ascending triangle to break out to the upside and continue higher. IF price drops there is another potential XABCD pattern in line with the bullish bias.

JSAX

Daily chart is in a bear rotation and is on its way to potentially triggering the D-leg completion of a deep bear Gartley. Because the B leg was deep it has allowed for a R/R of 1 if targeting the 61.8 Retracement (Target 2) while still keeping stop above that higher structure level looking left.

JSAX Updated 

Daily in a bear rotation where price has now pulled back into the daily kill-zone that has been the area of support now acting as resistance. This zone also lines up with a 38.2 Fibonacci retracement from its entire swing leg. Targetting the next structure extension lower which has multiple confluences: 1.618 Fibonacci extension, an AB=CD equual measured move...

JSAX Updated 

ALthough the momentum is strong for the US Dollar, Looking for quick relief as price reaches above 80 on the RSI meeting an outside return. Multiple confluences lining up the trade.

JSAX

What was once resistance may act as support for the third time as price nears the D-Leg Bullish Bat completion at support Kill-Zone. (NOTE: Multiple tests of a zone does not necessarily mean a strong area of protection however. There are only so many times you can bang on a door before it breaks.) Should price shoot higher there is another potential harmonic...