Price has formed a ascending triangle with resistance being a major level
price has bounced off once before and if it bounces again now I'm expecting it to go down and break the lower trendline
A retest of the TL will add extra validity to the trade meaning it is a good idea to enter short
Once more this week, the 9-5 has got in the way and I've arrived late to this trade. Gold found resistance at 1218 and has made higher highs ever since. Here we have a bullish cypher pattern that will continue that movement.
Cypher
B:.382-.618
C:1.272-1.414
xD:78.6%
IDXX is forming a flag formation. It seems broken out of its flag consolidation & now heading upward. With the flag breakout it can go up to $160
* Trade Criteria *
Date first found- March 9, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $149.73
Exit Target Criteria- $160
Stop Loss Criteria- $146.23
Please check back for Trade updates....
PRZM is forming a flag formation technically, and in the fundamental side it is being rewarded a large payout. Both suggesting further upward move. We think it can go up to $1.50 area shortly.
* Trade Criteria *
Date first found- March 9, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $0.88 - $0.90
Exit Target Criteria- $1.46
Stop Loss...
Below is my recent analysis if a bearish bat on this very pair. This is a 5-0 shape where the O and B points are intact the B and C points un the bearish move. This is a strong position to buy into the D wave of the bat. If price retreats to the security of 113.7 it will, from there, move to the D point to complete the bat movement.
Happy trading! Take the Long,...
Price has recently hit resistance at 118.6. After resistance price dropped as impulse to 111.6. Following this drop we see correction waves at 0.476 and again at a respective 0.886. When price reaches an 88.6% retracement of the impulse drop to 111.6 we will see further consolidation with another dip. Keep an eye on this one!
Bat ratios
B: 0.382-0.5
C:...
After hitting resistance at 0.91496, the following correction waves have given us a Gartley Movement. The PRZ is coming in at 0.896, from which we will enter a short position. TP at 61.8% with 2:1 risk. Look for a stall out/reversal candle on the 4hr chart for a solid entry.
Gartley ratios
B: 0.618
C: 0.382-0.886
D: 1.272-1.618
XD: 0.786
In this episode of Bat week we have a Bullish Bat pattern on the NZD/USD. This bat formation seems to be reversing bang on the D point, however, this trade is incorrect and has been rendered a FALSE pattern. Reason? the CD extension of the BC wave calculates to 283.20% This does not fall in line with out ratios, but is often overlooked when traders are too busy...
This pair has appeared rather volatile as it enters consolidation. The 5-O movement dictates that there should be a bounce north at 0.74555. As you can see, this falls within pips of the pivot point where price has previously found support resistance! Starting from the top, the points are identified as OXABCD. By buying it at the D point, we are holding the trade...
Looks like I got here 24 hours too early. Considering the dollar-cad is a major, there really is no excuse- I'll take whatever abuse comes my way! No harm in pointing out the bearish bat that has formed on the 4hr chart. All points agree with the certified ratios- price was overbought when it hit the PRZ and it looks like it's on its way to the (would-be) TP...
Bats everywhere so far over the past month. This pattern is ALMOST complete; I will NOT enter until price touched a PRZ at 1.20667. Around 1:2.5 Risk:Reward. This is a great set up as price for the pair is still on consolidation after Brexit. Hopefully price gets closer to the D point so we can enter!
The EURO/USD as of recently has been in a clear ranging market. Inside the barriers of support and resistance we have a bearish bat formation. If the ranging market is to continue we will see a successful pattern here.
BAT Ratios
B: 0.382-0.5
C: 0.382-0.886
D: 1.618-2.618
XD: 0.886
