we except to have support area in the bottom of the channel and we have two harmonic pattern which can increase Long Positions.
Price currently on 61% in confluence with the 3rd trendline test on the weekly/daily Bullish Engulfing on the 4HR Inverse head and shoulder with ABCD in play Targeting 3 length breakouts measured by the head to neckline of the crown patern Target 1 fib D extension, -1.27% .... Target 2 -1.618% Target 3 supply zone / 3rd range break to the upside
Read the full analysis for $IBB in this week's Weekly Markets Analysis: marketzone.tumblr.com Bearish AB=CD pattern and some Fib extensions provide an interesting setup towards earnings season
A confluence of a crab pattern and an ABCD pattern. If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
Two potential ABCD patterns with ratio confluences. If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
A potential level to watch should price decide to fall lower. If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
Explanation is on the chart, but price was rejected on the AB leg of the pattern today making the probability of price retracing along the BC leg, which is the area where I will be looking to go short the pair, to the stated profit levels on the chart. If price continues downward then the pattern will be invalidated, where as I will be looking elsewhere for better...
180$ is an interesting target level for an upside pullback. In order to do so, $IBM must hold the current support zone which includes both structure and Fibs confluence support elements. The weekly AB=CD pattern was the trigger for my entry
1.52 is the second daily target level but the pair may pullback higher before reaching lower. 1.54 will be an interesting sell zone to monitor for reversal patterns if this pair will rally.
PA marked the 1.93 handle and has been rejected sharply back to 1.92. ABCD completion @1.933. Still very bullish but 1.92 even handle provides good resistance so far. Possible retrace to 1.868 or even lower 1.862. The 61.8 - 61.8 PRZ is in the 1.841 - 1.8366 range
The current price action shows corrective movement, lack of interest in the downside and thus a bullish sentiment. FibTime has already shown a confluence of ratios in the big bearish candle, indicating a reversal to the upside. I'm going long after the break and close above the trendline only if no new low is made.
Kind of Gartley Pattern forming up on the Weekly with a completion around 170.00 - 210.00 BTC/USD. This Level also shows some broken Resistance Level from April 2013 which was never clearly tested on the Weekly Chart. And as you can see by the two black lines, this also would set up and ABCD Pattern. My Opinion is that we're currently in a midterm short trend...
Hello everyone, Another perfect ABCD formation has completed and I'm putting my order as soon as the market opens. The latest top, with a huge wick on, before the market closed sat on the 1.618 extension of the A leg which also was exactly on the 61.8 retracement of the down move from late October. As you can see from RSI, there is a big divergence between the...
Hi, As you can see from my chart a pretty rare ABCD move has formed on EURAUD today. Why do I call it Rare? Because it's the classic textbook definition of ABCD move. Wave B has bounced off 61.8% retracement of Wave A and Wave C has moved exactly 1.618 Extension of Wave A. I've set my own SL and TP for this trade. You set your profit target according to your...
On chart I find nice trade entry on SHS formation. We see at head of formation are very long this is becuse we hit support zone and in higher time frame is looking like we have abcd patter alsow (bearish formation) entry as always we take on neck line for more agressive traders and for more conservative i would order to take position below neck line from 5 to 10...
As the $SPY approaches the top of the daily resistance zone that I mentioned in the Weekly Markets Analysis, a 15 min pattern completed and the price is about to test the X point. Can it be the reversal trigger?
In between rooting for the Royals to win game 7 of the World Series, I've been trying to catch up on my evening analysis. As we know it's been an active day in the markets, with the FED announcing a halt to it's bond-buying efforts and some pretty explosive moves in the market this afternoon. What I'm looking at on the USDJPY is a potential 3 Drives pattern that...
In this week's Weekly Markets Analysis newsletter I'm showing two possible harmonic trading scenarios in $EURUSD towards the FOMC meeting. Which one of the two will you trade when the Fed will have their announcement? Read the full setup and more analysis on $XAUUSD and $USDCAD marketzone.tumblr.com Subscribe to the Weekly Markets Analysis for free www.themarketzone.net