After bear flag formation, there occured an ending channel formation. Stop and take profit regions are indicated in graph. Stop region might be broken downside towards the lower band of the bottom parallel. In case of such a situation new setup must be handled because it has high risk to broke the bottom parallel. So I prefer to obey the stop criteria between 1% -...
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
GBPUSD 4H time frame:
the price reaches the upper line of the parallel channel, and meanwhile we see a divergence between the price and MACD. the divergence support the dynamic resistant as the upper line of...
Hello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
Please first read my previous analysis from the below link.
USDT.D moved in the descending channel and reached a strong support zone.
Also, we see a double divergence between the price and...
Hello everyone
Before we start discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
XAUUSD :
Please first read my last analysis about gold from the link below.
I determined clusters for wave 5 using Fibonacci external retracement wave 4 and Fibonacci extension wave 3 that is...
-------------------------------------------------------------------
pros:
triple top pattern
bearish divergence
resistance 2 times not breached.
US economy falling apart ?
-------------------------------------------------------------------
cons:
it is not 100%
the rsi is not overbought(as lastly was).
the trend is uptrend(but everything has to come to an...
Ending Channel was formed with 5 clear points (elliott impulse) and formed a Three Drive Pattern at top for bearish movement. thanks to that bearish movement a Shark Pattern was formed with some confirmations:
- A-B must touch 0.382, but cannot touch 0.618
- B-C must touch 0.618, but sometimes exceeds A retesting previous levels (FIbo A-B), or just keep an eye on...
First ABC formation was completed at left side leaving a strong support for bullish initiation. (First Elliot Impulse) confirmations:
- 5 clear points
- 0 to 1 same distance as 4 to 5
- on this case 1 and 4 overlaped, because of volatility on this pair (shouldn't overlap)
- consolidation after 5 completion (Cypher with ABCs on this case)
We can see a minor Cypher...
0-1 There was a Cypher Pattern, which gave us point 1 completion at -0.618.
1-2 ABC Pattern was formed.
2-3 Bullish impulse from ABCs and X-A of Gartley Pattern.
3-4 Type of ABCD formation that gave us D completion of Gartley Pattern exactly at 0.786.
4 to 5
I expect Channel to be completed...
At left side we can se half a pattern, which I published
After Butterfly Pattern price went bullish and until I saw some divergence in MACD I planned a trade, we can see how it's up trend on chart, but down trend on MACD. Right away I managed to find a pullback, I measured bearish impulse by placing 0.236 below pullback and got exactly 0.618 at top, perfect...
First there was a Deep Crab formation, which was completed by going bullish to previous resistance, after marking higher high it went bearish forming an Ending Channel, at that point I saw divergence, because the entire consolidation made a double floor insdie MACD, which gave us that bullish impulse for D completion of a Shark Pattern.
At D there's a possible...
