bongs2017

bongs2017

testing , buy zone lets see what happens when price get to buy zone, h4 time frame is bearish. we are going against a trend. we need more confirmation when price get to buy zone

bongs2017

level 2

bongs2017

3 level

bongs2017

a flat pattern is taking place wave abc and the must be an alternative between wave a and wave c a=diagonal b=flat c=impulse

bongs2017

a flat pattern is taking place wave abc and the must be an alternative between wave a and wave c a=diagonal b=flat c=impulse

bongs2017

sell equal legs

bongs2017

EW alternation wave 2 was simple abc therefore wave 4 must be complex or triangle i dont think wave 4 completed yet

bongs2017 Updated 

expanded flat ABC in purple completed [ b]if market close above 113.380 invalidate this pattern i recommended that a short @ 113.320 based on the following *ABC in purple =expanded flat complete @ 1.618 extension *B in blue complete @ 618 fib extension see chart for more clarity

bongs2017

buy wav4 @618 tp 54pips sl 22 pips

bongs2017 Updated 

this a common ground

bongs2017 Updated 

sell @ 618

bongs2017

when price reach 38.2 fib -break-even (set stop to break-even ) price could go either way tp1= take 50% of profit tp2 =goal will be achieved ( this will depend of NFP tomorrow)

bongs2017

should you be concerned that it popped its head out the trend line, hell yeah you should be concerned this maybe getting ready to rip to the long side. watch for the pullback & higher lows. May not be in a descending triangle after all.

bongs2017

buy wave 4 of an expanded diagonal buy at fib 786 @1.57560 tp 75pips @ 1.58280 sl 20-25 pips if price invalidate 1.57385 wave 2. then pattern no longer valid

bongs2017

sell @786 fib retracement 2/b

bongs2017 Updated 

check prevous chart

bongs2017

wave 4 complete, see previous post for more clarity

bongs2017

looking for confirmation of corrective pattern for wave 4