At left side we can se half a pattern, which I published After Butterfly Pattern price went bullish and until I saw some divergence in MACD I planned a trade, we can see how it's up trend on chart, but down trend on MACD. Right away I managed to find a pullback, I measured bearish impulse by placing 0.236 below pullback and got exactly 0.618 at top, perfect...
Ending Diagonal confirmations: - 1 and 4 at same price - 5 clear points - take profits between 0.786 - 0.886 Butterfly Pattern confirmations: - A-B must touch 0.786, but cannot exceed X - B-C touches 0.382, but sometimes goes further (does not exceed A) - ABCD formation. D has to reach outside X and touch 1.272 or 1.618 - TP 0.382 TP2 0.618 (Fibo A-D)...
Butterfly Pattern confirmations: - A-B must touch 0.786, but cannot exceed X - B-C touches 0.382, but sometimes goes further (does not exceed A) - ABCD formation. D has to reach outside X and touch 1.272 or 1.618 - TP 0.382 TP2 0.618 (Fibo A-D) 2618 confirmations: - double top - measure impulse - retracement at 0.618 - TP at -0.27 and -0.618 Double Top...
First there was a Deep Crab formation, which was completed by going bullish to previous resistance, after marking higher high it went bearish forming an Ending Channel, at that point I saw divergence, because the entire consolidation made a double floor insdie MACD, which gave us that bullish impulse for D completion of a Shark Pattern. At D there's a possible...
Confirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close above 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) - Third TP back to resistance MACD shows double floor for bullish...
Confirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414, on this case it was 1.414 - 1.618 area. (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C (0.786 - 0.886 area) - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) - Third TP...
At left side we can see a flag was formed and completed at -0.27 for our 2618 setup: - double top - measure impulse - retracement at 0.618 - TP at -0.27 and -0.618 Double Top + 0.618 = 2618 TP3 (1.618) would be long term for major retracement at previous 0.786 - 0.886 area. Indicators: EMA= Both lines haved crossed telling us change of impulse MACD= Double...
Bearish Butterfly Pattern - A-B must touch 0.786, but cannot exceed X - B-C touches 0.382, but sometimes goes further (does not exceed A) - ABCD formation. D has to reach outside X and touch 1.272 or 1.618 (on this case 1.618) - TP 0.382 TP2 0.618 (Fibo A-D)
Confirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 (on this case 0.5) - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) - Third TP would be long term to previous...
Confirmations for Gartley Pattern - A-B must touch 0.618 but cannot touch 0.786 - B-C must touch 0.236 but cannot exceed A - D completion at 1.272 (Trend Extension) or 0.786 from normal measurement - take profits at 0.382 and 0.618 (Fibonacci from A-D) Good Trading
Bearish Butterfly Pattern - A-B must touch 0.786, but cannot exceed X - B-C touches 0.382, but sometimes goes further (does not exceed A) - ABCD formation. D has to reach outside X and touch 1.272 or 1.618 (on this case it went a little higher because of Euro news) - TP 0.382 TP2 0.618 (Fibo A-D) X to D distance is 1.618 (1.618 golden ratio!) X to B distance is...
Confirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) Look how X to B distance is 0.384 (around 0.382!) A to C distance is...
Confirmations for Elliott Impulse: - 5 clear points - 1 and 4 at same price (0.618) - each retracement was confirmed with Trend-Based Fib Extension Now after an Elliott impulse, there's always some type of consolidation, which is what we got with this bearish breakout. I measured bearish breakout by placing 0.236 right below and we can see how it went straight...
I measured bearish impulse by placing 0.236 right below ABCs and we can see how price retraced around 0.618, at this point I expect to sell the breakout all the way to previous support where -0.27 is, with Trend-Based Fib Extension I confirmed area with 1.618 around -0.27. MACD has a strong resistance at top, which confirms bearish impulse. Good Trading. -4h Chart
First we got a pretty good resistance with a double top, which means we have a possible 2618 trade: - double top - measure impulse - wait for retracement at 0.618 Double top + 0.618 = 2618 technique I measured bearish impulse so I could confirm areas with some Support & Resistance and we can see how each pattern or consolidation was formed around those areas, even...
Bullish on GOLD. Very undervalued. Inflation caution, raising int. rates. US uncertainty, geopolitical issues. Weak greenback. Chinese holidays near its end. Uptrend. RSI signs of correction. Bullish volume. FIB confluence. Long-term target 1450. Good Luck.
If the market can't break above the previous high The market has opportunity to sell at around 1.20700 SL = 1.21200 Entry = 1.20700 TP1 = 1.20000 TP2 = 1.19300
XVG is forming a symmetrical triangle, which usually is a powerful continuation signal. The symmetrical triangle also happens to be the corrective wave of wave 1 in the form of a ABCDE pattern, and its completion signals that wave 3 will start soon. Since wave 3 is usually the longest, XVG probably will hit at least $0.39 (1 to 1 Extension). However, because the...