Neutral right now, waiting to see if this stays in the wedge or breaks to the upside.
Pair pushing resistance channel, but a clear bullish divergence suggest that the price is about to break high and a possible structure can be developed as showed. If the price falls beyond ABCD pattern PRZ, the structure will be invalid and another idea has to be prepare... For long entry: wait for reversal bar pattern inside ACBD pattern PRZ box.
This is "another" simple gartley - Any questions P.M. me. I'll be shorting at D completion - Depending on the markets movements that day my tolerance for risk can vary and would then "LONG" my C to D completion. If my Gartley completes my tolerance for risk will be sitting at around "80% - 90% certainty"
possible wave 4 triangle is forming,i am waiting for a breakout of the down trendline to sell
The price will pressure top channel resistance, a bearish White Swan pattern emerges and bear divergence is present. Monetary statement is ahead. So, I’ll be watching lower TF for a possible short position
BRENT CRUDE OIL near all time low. Pullback possible.
Price is trying to start an uptrend. On W1/D1 chart, the bullish crab pattern is complete and has presented a “pin bar” reversal bar, but no bullish divergence yet. Indecision continues. (See link below) On H4 chart, the price is trapped in a range, pressuring top channel resistance, and looks like to decline even more and test support at 1.4100. Bullish anti...
Price has formed a contracting triangle. A bullish alternative 5-0 emerges and the price could test support at 1.0788. It looks like a bullish divergence will occurs and if a reversal bar pattern show up, it could be a good idea to go long and target 78.6 – 88.6 fibo retracement.
- Bull divergence is present - Wait for reversal bar pattern inside PRZ - Target 127.2 - 161.8 Fibo retracement Note: Bullish Crab pattern on D1 (green), bearish divergence is present but testing resistance at 35.84
A bullish anti B-fly emerge and reached PRZ box, bullish divergence is absent and I expect that the price re-enter to that PRZ box. This projected pattern overlap with the analysis on H4 chart (blue lines). If a bullish divergence + reversal bar pattern show up: good idea to enter long targeting 1.0920 See analysis on H4 chart for more info
Trading plan on a current mid term situation. Instructions on how to read labels on a graph: The purpose of the SWA approach is not to name the wave, but to make money out of the next swing of a tradable period. To get a deeper understanding of the approach, that can open a new doors for your trading, please contact. Impulse move (impulse wave), or the...
Trading plan on a current mid term situation. Instructions on how to read labels on a graph: The purpose of the SWA approach is not to name the wave, but to make money out of the next swing of a tradable period. To get a deeper understanding of the approach, that can open a new doors for your trading, please contact. Impulse move (impulse wave), or the...
On a 1H chart we have a bearish chart pattern Price is currently at 61.8% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Will look for a bearish short term entry setup (based on 1H chart, trade will be left for minutes, but position will be closed in parts and using a trailing technique, will try leave it open for...
This flag shaped consolidation lead me to look for patterns, after finding an initial bat pattern that didn't fulfill, I started to Look for a new pattern , I believe that if the market continues to consolidate in the flag shape, then it will create a completed Gartley pattern. upon completion of the Gartley pattern , I will short the market roughly around...