Idea is based upon Elliott wave theory supported by Median line analysis. Fibonacci extension ratio confluence is used for reversal price projection. RSI and Stochastics are utilized for wave recognition. Chart contains typo: "2 consecutive weeks" should be 4 consecutive weeks!. More info on the chart. Good luck
Here is a good example of the Modified Shiff Pitchfork. Notice how two are used to frame the current trading range AND the next Breakout.
This works on all time frames. Of course, the longer the time frame the more reliable the pattern.
Idea is based on Elliott wave theory, combined with median line analysis. Anticipating an ABCD pattern at the 1.27 fib extension of AB.
More info on the chart. Good luck
Bias: Bullish Toward Channel Top Near 127
Point to Establish Long Exposure: Into Ichimoku Cloud in the 122.18-123.06 region
Invalidation Level: Channel Low & 100-dma 121.55
Target: 127+
The JPY has strengthened vs. the USD ~0.5% on the weekly open after China's Shanghai Index dropped 8.6% to open the week. However, the risk-off sentiment seems to be...
In my last chart I suggested that we were retracing the move of the March low to May high. I noted that we have potentially a leading diagonal of normal 5-3-5-3-5. The retracement was anticipated to be of the zigzag construction with low in the vicinity of 1.08 -1.07.
We have had very complex correction not the simple zigzag anticipated. This correction appear...
DISCLAIMER: This strategy has been developed solely by myself, any resemblance to what ever system out there will be a mere coincidence. Guys I am sharing this strategy with you (developed last night after recognizing the repetitive patterns on the stochs) and don't want any thing in return expect recognition. IF it proves to be useful in the future please do...
Idea is based on median line analysis, Elliot wave theory and Fibonacci ratio's. The rationale behind this setup is shown on the chart along with specific targets and stop loss. Good luck
Idea is based on median line analysis, fibonacci ratio's and basic support/resistance. The rationale behind this setup is shown on the chart along with specific targets and stop loss. Good Luck
Idea is based on median line analysis, fibonacci ratio's and the use of the following indicators: Bollinger bands, Stochastics and MACD. The rationale behind this set up is shown on the chart with specific targets and stop losses. Good Luck guys.
