Potential bearish bat pattern on the horizon. Wait for D point completion. I will soon be posting tutorials on how to trade Gartley and Bat patterns , so follow and stay tuned!
Selling the trendline pullback seems like a good idea. Confluence with a 382 Fib retracement and structure level. Watch price action for a sell signal, or entry order at the trendline. More conservative traders can scale into the position slowly adding as price goes higher with stops above the latest structure high (above .7570). Not looking for buying...
618 trade with confluence of prior triangle trendline resistance coming in as support
AB=CD with Fibonacci confluence Also a Gartley completion at an 886 Fib level (green line)
Keep away from sidewalks under windows. MACD: RSI: Will the monster eat you too?
money flow excellent//balance of power positive/macd good /enter on positive short term candle your time frame/stop loss dynamic 8 ema close below//diversify with micro caps in different industries/get our book on trader psychology on amazon/web site coming soon end of july/look for three positive periods to enter daily weekly short term
Strong buy a huge bullish candle will be printed real soon, continuation of the upwards trend.
Sell Setup CADJPY 4H Bearish Engulfing
After seeing price show strong bullish run... looking to take this counter trend trade set up on this price break of 2.0333 1:1 60 points 1:2 120 points 1:3 180 points @ 618 retracement Stops ' @ 2.0394 (60 Point)
USDJPy has pushed through horizontal level @ 109.68 to now test strong daily trend line currently seeing indecision. if price can break below 109.85 showing strong continuation... looking to take short a position with stops at previous 8 hour candle high 110.48 1:2 targets
If price doesn't skyrocket to the first relevant structure to the upside, I'm buying according with the notes on the chart.
Bottom candles tend to have a lower wick. This represents the bears bringing down the price and the bulls overcoming the bears and bringing price back up. Hence the 'bottom' Last week SPY decline lacks a wick. Suggests more Down to come.
Based on previous candles throughout 2014-2015 this week's candle would indicate you can count on the stock to be up at least $3-5 next week.
There are a bunch of bearish engulfing candles on the indexes so confirmation tomorrow will be something I am watching. Here is the daily chart for $DIA ... If you want short exposure on an index (for profit or a net long portfolio hedge**) I like this ETF because the stock price and the option price can move and gap a couple dollars in a few days. Plus the...
Confluences: 1/ trend 2/ candle was a doji 3/ fib 61.8% play 4/ 0.65 as resistance 5/ deceleration 6/ 4H: 50/60 EMA bounce
Confluences: 1/ with trend 2/ doji candle 3/ Perfect 61.8% bounce 4/ support at 2.145 5/ deceleration