I'm a little late on getting this idea posted, but we had an abundance of advanced pattern trading opportunities setting up as my live trading session came to a close. Some have since rallied and some have been stopped out. This particular one is still at market and for those who like to take more of a conservative approach, may be putting in a retest of structure...
I am long SBUX at the moment and expecting it to retest and subsequently exceed the 2013 highs imminently, especially after Starbucks posted earnings of 67 cents per share on $4.15 billion in revenue versus the expected 66 cents on earnings on $4.14 billion.
The stock currently has an average rating of “Buy” and an average target price of $87.33 (Via the ticker...
Currently watching closely this pair as it made a double bottom with divergence. I'm waiting for price to go above the "V" top and retrace to the 61.8 Fibonacci level to go long from there.
Good luck, I will try to update this later.
This morning I recorded a video looking at a bullish Gartley opportunity that I missed. By the time I got my orders in price action had move well beyond the original entry point offering a much better risk/reward. Hours later we are still holding on tot he very last bit of structure and are attempting to put in a double bottom depending on the close oft his...
2618 TRADE SETUP:
* Wait for price to break the resistance near 101.800 and then wait for the 61.8 retracement to get long.
Cypher:
* Be aware of how far price goes before retracing to the 61.8 level, as it may complete a Cypher pattern, in which we would have an opportunity to go short from there and then take the 2618 setup to go long.
If price completes the...
on the 4 hour chart, we see a double bottom with bullish divergence, the second push into the support level did so with less strength than the first, so long as the current candle does not close below the low of the initial low. If the candle closes below the low of the initial low (first arrow) the double bottom is invalidated.
Clear Double Bottom; Less than clear triple bottom on daily chart. News released on 15:22 today caused a nice move into close. There was a low volume selloff to close at .0140 red on the day. I will be watching for a strong open and break of .0150 area on volume to break above down trend line. Or a possible weak open to wash out and test .0125 support area...
EG is coming to a weekly level of demand which also holds 61.8% Fib from 08/09. It will also be a big double bottom possibly so I will look for bullish divergence nearer the time. This could also be seen as a big bull flag. Even as it is the RR is good with a 1:3 minimum if you take it to the first fresh supply level but potentially this could go much further,...
Double Bottom at Support (Within range of historical lows)
RSI Bullish Divergence
Break of DB structure
FIB618 Retracement
This trade is still good for entry... the 786 is now being tested.
Double Bottom at S/R
RSI Bullish Divergence
Waiting for close above DB structure
Then waiting for FIB618 Retracement
This pattern also coincides with another double bottom trade on the weekly chart, which signaled the reversal from lowest S/R levels
Double Bottom (DB)
RSI Bullish Divergence
Waiting for close above DB structure
Then waiting for FIB618 retracement as entry
Will be Long into 1.7115 area, before 4HR 2618 Short triggers.
Based On: Structure, Fibonacci levels, Channel, Stochastics, RSI, Momentum..
IF EUR/USD Reaches 1.3648. Economic Calendar events will effect this heavily, i am looking forward to a volatile day (TODAY:EUR Interest Rate, Decision, ECB Press Conference, US Nonfarm Payrolls, US Unemployment Rate, ISM Non-Manufacturing PMI ) If these events will be positive...
Hi, I've being spotting this buying oportunity of EurGBP, the market has been breaking levels but if you look closely you will notice that it is breaking them with harmonic muves. and alot of fibonacci level confluence so RIGHT now we are sitting at a pretty good support zone the market just completed a 3 Drives pattern, in the lower Timeframe ( 4H ) the market...
Out of sheer demand for more short term analysis, I thought I would take a few minutes & dissect the 15m chart today. Just so you all understand, my personal holdings are relatively limited and because of this fact I am trading my account off the higher time frames. Full disclosure - I am currently still long 1/3 of my buy at $459 per my published posts and don't...
