Hello traders and investors! Let’s see how SPX is doing today! In the 1h chart, the trend is bullish, but is not as strong as before. It feels like it is slowly turning into congestion . Anyway, the 21 ema is under the price, and it is working as a support for us here. We have more support levels around the two black lines area , which seems to be an important...
TRXUSDT Probably if this ascending candlestick closes in the same way To make strong progress to the level of Fibonacci So there are two entry options for that To close the ascending candlestick, enter the next option You can enter from the failure of the Fibonacci level
A Type2 Bullish Bat might not intrigue many Harmonic Patterns Traders to engage the trade. The rationale is simple, a big percentage of the Harmonic Trader has exited the trade and not looking to enter a new trade, but you can treat it as a structure trade setup on this Bat Pattern too. Take note that Point C touches Point A.
This Bearish Crab Pattern is important because it came in line with the Bearish Shark Pattern on the Weekly chart. In the coming week, I'm waiting for a retest at 134.00 for a shorting opportunity as a counter-trend trade, it could be a trend reversal setup.
Last week, I've mentioned a Bullish Flag Pattern on the USDJPY pair(check the link below), if you have taken advantage of that, you would have earned 155pips which brings you around 1,550USD/lot traded. Well, don't miss this trade again, you can wait for the market to retrace back to the trendline but not close below the trendline for a buying opportunity.(more...
So while looking at this per request I noticed something that jumped out at me. and this is wheat I found. I thought it was interesting.... So I am posting it as a tutorial... by iCantw84it 05.27.2021
In about 11mins, I'll make a decision should I short GBPUSD again? Well, what would make me enter my trade? Only 2 conditions I'm looking at, 1. The candle cannot break and close above 1.4172, not even 1pip. 2. A long shadow candle with the long wick above the candle body. Let's see how it rolls out.
A Bullish Butterfly with RSI Divergence can be a pretty good counter-trend setup for harmonic pattern traders. I've engaged the trade as this is a type2 of Butterfly Pattern. If this is a profitable trade, you should see some profit at 10pm(+8GMT)
Finally, the Bearish Bat Pattern has formed up and has completed and retest. I'm waiting on the 6 pm candle close for a shorting opportunity on the Bat Pattern as a counter-trend trade.
well this stock had a bizarre pattern some time ago and now we can finally see a better picture, making a descending triangle: the breakout of it can give good breakouts to this stock finally :) Happy trading :)
A Bullish Butterfly Pattern is about to emerge, I'm waiting for the candle to touch 77.91 and retraces for a valid pattern. But for some Harmonic Pattern trader would have treated this as a Type 2 trade as the candle circled in yellow is close enough to them. It misses the completion by a pip. I'm not going to argue on that as every trader can have their own...
Most traders see this trading setup as a buy zone(blue rectangle) that has been broken. Well, you aren't wrong about it, but the trend has not turned bearish because I will need to wait for another break and close below the recent low(yellow eclipse) for that to happen. I'm waiting for a Bullish Shark pattern for a buying opportunity, as long as it didn't break...
USDJPY is having a bit of consolidation for the time being. I'm waiting for the market to retest back to 108.63 for a buying opportunity within the potential bullish flag pattern and might just extend my final target to the potential Gartley Pattern that might form on the Daily Chart.
I've shorted GBPUSD on Friday with more than 50pips of running profit with zero risks (I've shifted stop to the entry). During Monday market open if the candle breaks and closes below the red trendline on the 4-hourly chart, it will increase the bearish run and help me to reach my target earlier. However, if it doesn't and if it retraces back to 1.4181 and didn't...
Steady move brewing @ $EEX over 5.65 could see a push towards a breakout at 6.50 looking to fill the gap at 10+ High institutional ownership at 97% but very poor revenue last quarter 12.2M actual vs 85M expected however this company is no stranger to 100+ million quarterly revenue From their last earnings call: "To start, our first quarter results continued to...
lower price will come to half of the shadow, and higher price half of the body
Head and Shoulders formation with RSI Divergence, within the 13:00-14:00 candle close, it should show a bullish candle. If that doesn't happen, do reconsider your trade.
A head and shoulders with RSI Divergence spotted and shorted. The beauty of this setup is that the completion of the head and shoulders head straight back into the buy zone. Let's see how this trade pans out.