trad3rr

trad3rr

Price broken out of recent down trend channel, looking for resistance around 12155 to trade the pullback to channel line. Some RSI divergence may also be visible when candle closes Longer term perhaps a push up, time will tell.

trad3rr

Looking to get on board with move upwards if price retraces back towards channel consolidation

trad3rr

Could this be the bottom of the channel and see a move back towards 1.3. Some RSI divergence on the recent lows, looking for a 1:1 move back up towards 1.3, with trailing stops

trad3rr

New highs and higher lows achieved. Breakout of Flag. Will be interesting to see whether it can break above all time high of around 455.

trad3rr

Rationale 1.25 round number. 1.25 provided significant resistance previously - hopefully now support. 1.27 Projection of X-A leg comes in around 1.25. AB=CD also hits similar price area. RSI bullish divergence (not as strong as I would like to see, but divergence all the same) Targets Looking at a retracement up to 1.2583 and potential further movement...

trad3rr

SHP Shire Possible Gartley Sell A-B 0.786 retracement of the X-A leg B-C 0.618 retracement of the A-B leg C-D Anticipated 1.27 extension of the A-B leg, (and 1:1 measured up-trend move of A-B). Completing around 5426 Entry 5390 - watch and manage, may need to be adjusted to accommodate recent highs of 5330's Targets T1 5005 - 0.385 retracement of the...

trad3rr

Rationale 0.382 retracement of longer trend since July 2015. Recent moves down since 15th November resembling 3 drives pattern, final leg to terminate around 8405. Also coincides with bottom of price channel starting from April 2016. Entry 8422 Stop 140 Limit 245 Targets T1 8562 - 0.382 retracement of the move down 11 October (excluding the wick) T2...

trad3rr

Using the 2 recent measured moves for targets, and ignoring the long wick on 9th Nov for fibs.

trad3rr Updated 

Potential at market short on CCH with target back down towards 1500