Huge gap today. Looking to play the retest. Chart also looks good on a Weekly and Monthly time-frame for a retest of the strong support/resistance level. I'm guessing that it's going to take up to a week before this triggers.
Hello, traders!
Here we are looking at a bearish 5-0 on the 4H chart with AUD/CHF.
As price continues the trend down to C point, we can expect price to reverse and make its way to D point.
Risk Ratio - 1:4
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Today we are looking at a bullish gartley on the 1D chart with EUR/CHF
As price continues its way down, we can look for price to reverse at D point, which just happens to be at the end of the descending wedge.
Coincidence? I think not. ;)
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
Great retest gap today. Looking for it to retest one more time while the short term EMA's catch up. 2R would be the 200 EMA, but lots of room above that if it can break above.
I will not personally be taking this trade unless I exit another position before this triggers.
I will take this setup on EUR/JPY when all things are in place. So what we see on this chart is strong support in longer uptrend, RSI is holding it's line and Fib should hold it's level on 0,618 for bounce up.
If you analyze the recent downtrand through "Elliot Wave Goggles", one might believe that the pair has reached the end of the 3rd impulse wave, will pullback to a previous support/resistance for the 4th wave, and then continue downward for the 5th wave. With this analysis you could either try to collect pips from the pullback of the 4th wave, or the short position...
Today we are looking at a bullish alternate bat on the 1D chart with CHF/JPY.
With price creating a lower low, we can expect price to makes it's way down to D point an reverse.
Alternate bats are a powerful pattern, and indicate huge trend reversals.
Risk Ratio - 1:6
The measurements for a valid alternate bat pattern are detailed below.
B: 0.382
C: 0.382 -...
Hello, traders!
Today, we are looking at a bullish 5-0 on the 1D chart with USD/CHF.
With price breaking out of the descending wedge, we can look for the market to make its way to C point.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Recently exited this USO trade for a 7% gain! To those of you still holding on, don't get greedy above $11. Short be short term resistance, fade candidate.
Bouncing off a Dialy R-Line it appeared as if GA retraced and bounced close to a q-point,
We had some good Divergence that played out, TP will be respective reciprocal Level.
1:5 RR, Goodluck :-)
A Wave 2 ZigZag has completed at the .618 retracment of Wave 1 which is a strong indication the correction has complete. The price has already made a bounce from this level and seems to be in a correction which has probably has further downside before the up move. This initial bounce could be the beginning of a Wave 3. The larger picture shows this Wave 3 could be...
$LIGA is making higher highs and higher lows. As its moving up its consolidating in each price range. The price range consolidation I see now going on is high 005s to mid 006s, this action has me in a long position from $0.0039
Happy Trading!!
I've been watching this one for a while. Looks to have formed a double bottom. Looking for a strong pull back in to the neckline. May not trigger since it recently had a gap and go.
The price channel for this security its very clear, a ressitance at $195, and a support at $187. The candlestick formation is suitable and supports out idea for the trade. We can also get some help from the inexes, which we think are going to take a resto from the bullish trendes for a couple days.The trade is pretty simple.
Caterpillar Inc has been one of the best performance since the Trump ellection. It's obvious that if you are planing to build a huge wall across the southern border, you are going to need a ton of machinery.
This month, the stock took a dive due to some accounting issues. after a few weeks of testing the support, the stocks seems ready for a new bullish ride. We...
