AAL looks like it has slightly diverged from its bullish breakout of a falling wedge. None the less Friday did close with a large bullish candle after a huge gap down divergent to the falling wedge pattern. Price has been trading with the support of accelerating fan lines and may have an overall target back to the lower support line. However oil this week looks...
DAL just like AAL looks like it is ready to breakout out bullish from a falling wedge. Price is oversold on Stochastic's and the Sentiment Zone with the RVGI crossing over bullish. The first target is on the 31.8% line at about $51.97 which should be hit by Thursday or Friday. Use your 8 EMA or daily volatility to place your stop.
BAC is running into a major support line as well as nearing the support of the Upward Channel Price has been trading in for the past few months. The Falling Wedge is tightened up and will not fit another day of volatility in it. Stochastic's is in a long term up trend, the Stochastic's RSI is trending out of oversold and the Sentiment Zone Oscillator is going to...
BAC | Going into the market for 8.2.17 price has already traded to Gap up above a major resistance line and currently is at $24.49 at the close on 8.1.17, indicating a rally. Price has broken the confluence between the Fibonacci Retracement and Fibonacci Extension tool, indicating a further rally. It has also broken the 61.8% line on the Fibonacci Retracement...
INTC | Price has formed a rising wedge and has already began breaking out. Sellers have had control of the market for the past two trading sessions closing each day bearish, which is the indication the bearish breakout of the rising wedge has started. A large inverted Head+Shoulders pattern (grey) is forming as an underlying pattern to the breakout on the falling...
DXY: Dollar Index daily chart showing head and shoulders and ultimate downside target at 95.05
BITCOIN BTCUSD Still grinding away towards this weekend's target at 2137-2140. Looks so strong now it's back in the main parallel
Tesla:TSLA This short is not having a good day. No gap down, only a double bottom. Still think the pattern is poor so am sticking with a stop at 321 for 1 point loss if wrong.
DXY: Dollar at critical lows on NY open. Must rally from here to avoid further substantial 2 to 3% sell-off - it's no more than a speccy buy at this level with a tight stop under the lows.
USDJPY: USD pushing up against resistance here and a perfect shorting opportunity with a stop close by at 113.02 with a downside target at 101 in two more waves of selling over the Spring
The Dax index is looking very positive whilst it holds up above critical support at 12400-12370. Waiting on FOMC meeting to end, this index is expecting the news to be positive. There's over 1000 points upside if the news from FOMC is received as well as the pattern on this chart suggests it will be. Only if it breaks below 12370 on bad news will this index...
* Trade Criteria * Date first found- March 20, 2017 Pattern/Why- Upward move in the overall energy Sector Entry Target Criteria- Break of $2.80 Exit Target Criteria- $3.27/3.73 Stop Loss Criteria- $2.63 Please check back for Trade updates. (Note: Trade update is little delayed here.)
Hey guys, Been in this AUDUSD Bat pattern on the 4H now for a day or so following a pain-free Cypher win right before it (in green). Had some strong selling pressure here we can see from the indecisive candles, which is actually right at the 88.6% retracement (our entry point). This is still a valid pattern as our X leg hasn't had a close above, so there's an...
Nice consolidation after a pull back, good company, good technical setup, nice RR.
Hey guys, Currently waiting to get filled on a bearish USDJPY Bar pattern on the 4 hour chart. This is a counter trend pattern so please be sure to follow your specific rules. The C to D leg did spike up towards the X completion before retracting, but didn't break below the C leg so it is still valid for me. 113% inversion stop loss and looking for 2 targets. Hey...
Hey guys, Just found an at market Cypher pattern on AUDUSD 4H following our loss on this pair last week. I actually missed the conventional .786 entry however the pattern is still valid as X @ 0.7680's hasn't been broke. This is actually giving us a much better Risk Reward, especially for a Cypher pattern. Note - if X had been broken this would be an invalid...
I am currently holding my long position on EURAUD. I got involved in the blue cypher pattern with stops resting at 1.4476. We violated X but hold the 1.4500's even handle. The bat pattern and the double bottom with RSI divergence adds further strength to this setup. Trade your plan! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl