Good evening! A while ago I posted a chart stating I thought the Inverse Head and shoulder pattern is likely to fail. Well, I think I MAY have been wrong! That massive green candle is getting us closer to validation and the target. There has been some talk about an even larger one in play so I took a look. From what I see, it is definitely valid so far. If we...
So, Umex appears to be in a corrective structure considering its pattern. I am just pointing out that as I type this, it is rejecting equal length at the .618 fib level as it has broken out of pitchfork. It does have the possibility of extending to that 1.236 level considering this wave's trend line (which is questionable in my opinion) and still being within the...
EG is the exact type of setup I like. LONG downward correction after strong move down with plenty of traders who don't understand waves and structure holding sells. I posted this last night, just thought I should better explain. It may pull down some, may take its time. But I bet it shoots up. It shouldn't break the 70-80% fibs at this point in my opinion, can go...
Hi Guys, This idea is just for educational purpose, many traders are out there trying to figure out what kind of pattern is making in AUDNZD, I took some time on this, and come to result that this thing is complex corrective structure name as double three or WXY. that whole abc is zig zag plus zig zag correction and zig zag Y wave. it will be amazing how it will...
EURAUD just reached some potential resistance zones, which can offer some bearish pressure and push prices lower. If that were the case, then we would expect a five wave move lower to develop early next week and ideally breach below the previous swing low of wave B at 1.4875 level. That said another indication for more weakness would also be a breach below the...
Possible rebound from the neckline followed by a reversal and breakout from the neckline. Wait for the necking breakout or scalp along the pattern. Keep in mind Its not a simple head and shoulders though.
Here is the link for pattern for more info
Price currently retesting a pin bar support zone (demand zone) before trending upwards to complete a Bearish Deep Crab.
Also look at the abcd within the pattern and watch for its points for targets, as price crosses every point it will be a confirmation to go aggressive and add to your positions, AC trend line is also an important line to watch how price will act on.
EUR.USD pattern forming is very complex week by week. After FOMC meeting we can get some clear movement on EUR.USD.
I am looking for very short term is bearish, On meeting we can expect strong dollar across the board that leads EUR.USD price to 1.0570 - 1.0540 support zone. I am looking for this zone to enter long with the target of 1.0750 - 1.0850.
There are three complex pattern formations on 15min timeframe (that I know of) so, whichever way price decides to go, there would be some nice high probability purely complex pattern based potential trade opportunities unless the patterns get invalidated of cource
There is a potential bat pattern setting up on copper, since it is 1D timeframe, it may take a couple of days or weeks to complete if it does at all
I'll be keeping a close eye on it and looking for a long opportunity at the completion
There is a cypher pattern forming on SPX500, it will terminate at the previous structure from three days ago
The cypher itself gives 80% probability of success and the structure at the level further increases that probability
I will be looking to go long at around 2106 area and then take half profits at its 382 retracement and the rest at 618 retracement
Development of two harmonic patterns.
The butterfly pattern (in pink), to me, is more attractive because it suggests bearish trend is still intact. @ 1.11 we have several indicators for a good selling opportunity.
However if market decides to roll over, I will see to it that this bearish channel holds.