The Bearish Deep Crab Pattern completes at 86.05 which is within the structure retest on the daily chart, a perfect setup for counter-trend traders to head in for a shorting opportunity.
USDJPY is on a strong Bullish Trend. However, counter-trend traders can wait for a retest at 139.11 to engage a shorting opportunity based on the Bearish Crab Pattern retest at the HOP level. A retest at the HOP level also means I'll be getting a RSI Divergence.
The Bullish Deep Crab Pattern on the Daily Chart might not form up, and even if it did, it might not be ideal. However, if you have long based on the counter-trend trade on the Bearish Parallel Channel, congratulation is in place.(check out last week's chart at the bottom of the tradingview link). Alternatively, you can wait for the Bearish Shark Pattern on the...
hello traders. who else thinking that GJ will fly to 170? yes we have an upward channel and price rejected from 61.8 fib level breaking the first downtrend counter-trendline.
Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. The blue line in the graph above is corn (futures) projected forward, now why on earth would corn lead the...
XAUUSD - Gold has been heavily bearish because of various fundamental reasons. PA has now made its way down to a key level and also daily demand, so i'd expect to see a pull back possibly back into the 1785 region. will be waiting for confirmations on potential long entry for counter trend buys. Bare in mind there is trend line liquidity which price could take...
For those who had missed the Bullish Bat setup on the 4-hourly chart(link under the tradingview post), you can wait for the Bat Pattern setup on the 1hourly chart, which is often referred to as the intra-day chart that completes at 160.77. Students will be able to observe how I manage this trade and how I would make a trading combo out of this 2 chart with...
Counter-trend traders can wait for a shorting opportunity at 138.81 to fulfil a potential Bearish Flag Pattern. This could be the most volatile trade compared to the Shark Pattern. Although the Bearish Shark Pattern is a more conservative setup, that doesn't mean it won't be profitable. Should the candle break and close beyond the first red box, traders can wait...
A Bearish Gartley Pattern has completed at 136.54; counter-trend traders could wait for a retest to engage the trade. Trend traders can wait for a Bullish Bat Pattern that is completed on the 1hour chart; that is possible because the USDJPY is in a consolidation phase. Unlike most pairs, the USDJPY consolidation doesn't necessary means that the market is going...
Trend traders could wait for the market to retest on the upper trendline of the bearish channel for a shorting opportunity. Counter-trend traders could wait for candlestick pattern confirmation to long EURUSD based on the Bullish Deep Crab Pattern that completes at 0.9928. However, long at 0.9928 means that Euro went off parity with the Dollar and that might...
EURCHF has fallen to all time lows. Based on our analysis, we are seeing H4, H1, M30 and M15 oversold. We see M15 and M30 divergence. The stop loss is very tight as this is a counter trend.
Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. So much for stock selection, American Express ( AXP ) was the first stock on my list, even above AAPL , and...
Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. BHP has sure been belted, but should we catch a falling knife? - Let's take a basic look at BHP using a...
A Bullish Shark setup on the 1hourly chart coincides with a Type2 Bullish Bat Pattern on the 4-hourly chart. This is the kind of trading setup that I like to engage in or plan to engage in. I'm waiting for a retest to get in the move since I've just benefitted from shorting the same pair on a Bearish Shark setup. Could you spot the Bearish Shark Pattern hidden...
Bullish Bat Pattern setup that is great for counter-trend traders to engage the trade. Wait for candlestick pattern confirmation to engage the trade.
EURUSD is on its Bearish Trend, counter-trend traders could wait for further confirmation to engage the trade. There's a RSI Divergence that could give a little more peace of mind. Nevertheless, have a good risk management.
Hey all, If you look a little bit left on AMD's chart, you'd see that the mid-70s level is very strong support for AMD. Considering my bullish thesis on NVDA over the next month(though I think it will eventually go lower), I think playing a bounce through July is the right move to make. I just took a long position on AMD at $76/share, but it is very possible it...
Counter-trend Traders, take note, there's a Bearish Bat setup complete at 135.70 and could possibly provide a shorting opportunity at that level. You would still need to wait for the entry signal before engaging the trade.