This trade failed. Why? Because it was against trend. There was 2 different harmonic patterns - thus wide PRZ. And I hadn't plan B.
HEY ALL, We are very close to seeing a Bullish Cypher pattern completion. Looks like we just missed the Bat pattern in Yellow, or it might still be setting up, we never know ;) Stops below the X leg of the Cypher pattern. TGT1 0382% TGT2 0.618% Good Luck!!
Bitcoin is at a huge juncture at $300 and it looks very close to breaking through. Plenty of room for upside and once it cracks that $300 mark, it's on like donkey kong. Depending on the risk you can handle, you can pick a stop-loss at various levels. I'm personally keeping a pretty tight stop-loss below the breakout zone on a 2h scale because I believe this is...
Playing off the .618 bounce and new support. UPDATE: Quick spike down. Still like the play but I can't win them all.
Here we see a butterfly pattern on the Euro, Pound charts. Like most trades i make, i try to find support inside the linear regression channel and here we see the patern complete along the linear regression and the butterfly would suggest that we rally back up into, if not past, the positive standard deviation line. I have placed my targets like any other...
Last play on this pair was speculative. This time I am looking onto the Commercial hedging reaching a critical turning point which will bring long speculative players into the game. Also looking at a few matching fib zones and the 50ma to create a support bounce. Setting a stop at the .618 zone of the swing low-to-high and setting a target at the matching .618...
A bit of a speculative long reversal play which has burned me more than a few times already but this position is a more ideal spot to go long than my previous long position which was doing perfectly fine until news came out. Re-entering the same position just to see how it plays out. Still like this fib powered play and went long closer to structured support...
The market is about to complete a crab pattern, upon completion in the potential reversal zone, the market should retrace back to the 1.618 fib of the BC leg. please like and comment and don,t forget to follow me. Good trading !
A very simple and quick analysis of AAPL stock. As usual there is not much reason to be bearish on AAPL (Apple) stock, with the release of its new products and a game changing new watch, there are no major fundamental signs or technical indications of a fall in price. After the usual post announcement pull-back and consolidation that seems to affect Apple, we...
The stabilization in energy prices lately has meant relief in some oil & gas stocks. Halliburton shares have been one of them, putting in a series of higher lows since mid-January. The pullback in the previous two weeks sets up for a low risk buying opportunity (stop loss under $41.90). HAL is now poised to fill the gap from November ($46.70-$47.50 range) in the...