Bullish bat pattern completes on USDCHF at around $0.9460/70. The slide should continue this week, but I will be actively looking for bullish clues to go long when it hits my PRZ. Will be aiming for the 0.618 retracement of the AD leg for profit taking around $0.9610. SL will be just below the X point at $0.9410.
harmonic pattern and Elliott wave completed on same price.
It might very well be that Price will retrace after this recent impulsive Swing-Breakout. But... there is a more significant Swing-High Resistence waiting above + the RRR will be much better. Knowing that ABCD like movements often set up exactly like this: 1. Impulsive move "though" Highs/Lows 2. Some wedge or triangle consolidation 3. Another impulsive move for...
EURJPY Looking to hit a key resistance level around 125.680 Bearish bar pattern also completes at point (D) on my chart Trendlines created channel that could be broken out from In a bullish move before the reversal begins around point (D) TP 1 at .381 Fib Level TP 2 at .618 Fib Level Once price reaches TP 1, drop stop loss into profit to protect capital from loss.
An upward trend with a harmonic (black dotted line) move. IF AND ONLY IF an engulfing bullish candle 4hr chart close (in next 1.5 hours), buy and go long. Stop Loss: 35 Pips Take Profit: 60 Pips
I'm only a newbie, but this looks like a Bearish Butterfly on the hourly chart to me. The Fibonacci retracements of AD line up nicely with previous important levels. If price reverses in the Potential Reversal Zone, I believe these targets could be hit: Target 1 | 0.382 AD (1.12155) | R/R = 2.56 Target 2 | 0.618 AD (1.11741) | R/R = 4.15 If price drops below...
Apple's is looking strong as we are heading to earnings. Since it broke the neck line of an Inverted Head and Shoulders pattern that I've mentioned to my Elite Zone members before its previous earnings, AAPL didn't look back. It looks like AAPL is heading towards the PRZ of a bearish Crab pattern near 160$ Will it reach there? Well... that's depend on its...
THIS ABCD PATTERN INDICATES EUR MAY BE REACHING SLIGHTLY LOWER TO REGAIN PRICE VALUE BEFORE ONE AGAIN ASSERTING A HIGHER PRICE ACTION RANGE. AUCTION MARKET. LIKE IF YOU AGREE ! THIS IS ALL FUGAZI, MENTAL MANAGEMENT. WE THE REAL
Price action has broken below a significant level of support and resistance. Following the retracement of the initial break, support should become resistance. Looking for a third harmonic A to B impulsive move since the market has respected the previous two. The market has also been continuing the trend at the 0.618 retracements of the impulsive moves. On the...
Here we have a gartley pattern with tight confluence to make the PRZ. Also, PRZ is near support from earlier today! R:R 2.88