Following up on my last video XAU/USD offers another opportunity to demonstrate the various ways to use Fibonacci tools. IF price action were to break our current structure level to the upside, THEN we're looking at a potential reversal zone that offers previous structure resistance, and a Fibonacci cluster. For a more detailed explanation of my analysis on this...
This trade was originally brought to our attention this weekend in Jason Stapleton's Forex Market Preview video "Studying Harmonics" ( www.youtube.com ) As I take a look at it today price action (after creating a LLLC) has retested the previous level of support which should now act as resistance.
In addition to the structure level we also have a Fibonacci ratio...
I don't often look at USOIL but one of my live room members loves to trade it and brought it to my attention this morning. Originally there was a bearish bat pattern that completed at an excellent level of structure (looking at the bigger picture). That level has since been broken and although the trade may not have hit a traders stops yet,it's never too soon to...
Hi everyone,
This week has been quite slow.
Now at the end of the week the trade that I've been waiting for the whole week is about to hit entry.
This setup is so powerful that I'm gonna have multiple entries at different levels, so in case the price doesn't get as low as I planned, I don't miss it.
As I posted in a separate idea, CADCHF had been stuck within...
A Gartley pattern is potentially setting up on the EURNZD 4h chart. If it completes around 1.5850 it will have reached a previous structure level (see the red dotted line) where support might now turn into resistance and price can bounce off and rally. The Fib extensions of AB and CB align perfectly with this level.
2 potential targets, 0.382 and 0.618...
....Back to the Analysis… now that we’ve put in a lower low, lower close and the RSI is buried, I think 1 of 2 things will occur. Either we’ll continue straight down to the Fibonacci cluster which comes in at structure, or we’ll see some relief that will result in a retest into previous structure support which should now act as resistance. Now I would shy away...
Looking a a structure based long opportunity here as price actions looks to retest previous structure support. We've got a combination of multiple harmonic moves lining up with a Fibonacci cluster and of course structure looking left. As of now I'm waiting to see how price action reacts within this zone before committing to an entry.
Idea is based on a combination of Elliot Wave Theory. Median Line analysis and Fibonacci ratios. The rationale behind this technical analysis is shown on the chart. If you are going to trade this index according to this idea, please do so at your own risk. Good luck
IDEA IS BASED ONA COMBINATION OF ELLIOT WAVE THEORY, MEDIAN LINE ANALYSIS AND FIBONACCI NUMBERS. THE RATIONALE BEHIND THIS SETUP IS SHOWN ON THE CHART. THIS IDEA IS NOT MEANT AS TRADING ADVICE. IF YOU ARE GOING TO USE THIS SETUP PLEASE DO SO AT YOUR OWN RISK.
IDEA IS BASED ON A COMBINATION OF: ELLIOT WAVE THEORY, MEDIAN LINE ANALYSIS AND APPLICATION OF FIBONACCI NUMBERS. THE RATIONALE BEHIND THIS TECHNICAL ANALYSIS IS SHOW ON THE CHART. SPECIFIC TARGETS ARE GIVEN. IF YOU COPY MY SETUP PLEASE DO SO AT YOUR OWN RISK. GOOD LUCK GUYS.
Yahoo has produced two high probability patterns that would fit well in a bearish channel. The cypher (purple) formed right after the rejection candle at $32.17 at the 1.27 extension measured from the X to A leg. Price also put in a double top at $39.64. A Gartley pattern (red) shortly appeared right after. The kill zone for the bearish Gartley pattern is at...
Measuring the A to B leg with fibonacci , C slams right into the .382 fibonacci retracement. If the .382 can hold it's resistance and throne, we may see possibility of a bullish butterfly completing at price $12.65, 1.27 extension level.
Although A to B extension 1.27 and C to B extension 1.628 does shows confluence, price may reject these levels as support and...
