HTF - Weekly= High on Curve, focus on selling in STF supply zones ITF - Daily= Downtrend (LL, HH, LL, HH) (2 consecutive violations of demand zones) Approaching HTF DZ in middle of curve, potential to take an aggressive long, only if profit margin is available (>3:1), if profit margin is low then sell on the retest of the SZ S&D levels outlined with respective...
Daily income using supply and demand HTF - Daily, price currently in equilibrium=follow momentum/trend, unless it hits a HTF supply zone (all potential levels are zoned and highlighted with respective colours) ITF - 4H, price currently trending up (HH, LL, HH, LL) Rules: Mid/low curve, permission to buy in STF demand zones and follow trend until price hits a HTF...
Hi All, I wanted to share this with you - something interesting. In looking at this currency pair I noticed this Equal Harmonics in the last few weeks, I copied and pasted the flow in price action and it turns out that it is identical it time and harmonic moves. When you also look at this on a larger scale I guess most would say it is just trend continuation -...
This trade technically constitutes as calling a bottom (which I don't particularly like to do), although I have a few good reasons why I'll be taking this long trade. First and foremost, Copper is currently tuning away from the bottom of it's long term curved downtrend channel. Secondly, last week's candle was a fairly large hammer. Thirdly, Squeeze momentum is as...
Hi, guys. In this great trading opportunity I would like to share you my CTS. Hopefully this can give you a valuable insight and help you to add some more considerations to your trade plan. CTS : 1. Bat Pattern Completion (4 Pts) 2. ABCD Pattern Completion (2 Pts) 3. HT Resistance Zone (2 Pts) 4. 1.382 Fib Extension (1 Pts) 5. RSI Overbought (1 Pts) Total : 10...
Time cycles: Oil is forming three half-moon pattern from small to large. The first one takes 16 days. The second one takes 48 days. The third one will be very likely taking 96 days which means it will complete until August 7th. Price Oil still has space to go lower if 46.6 breaks. Be patient to go long until the bearish cycle finished (after August 7th).
Its intriguing that two candles with the exact same body and wick measurements, even with all the indicator values matching, can actually encompass price-momentum towards opposite directions. I have outlined two possible scenarios per each candle type. Note that regardless of the candle type - bull or bear, the last C wave and the main B wave of price within the...
It is rare to come across a near perfect textbook pattern. JUST WOW.
Just a bit of traditional trading here. Strategy is a simple CCI Correction with a multicolored predictive EMA I've been writing. Weekly CCI has surged above +100 signaling the start of a bullish trend. As long as price action stays above the signal line I will be looking for entries where Daily CCI marks the reversal points of smaller counter trends.
Oil is in wave C and seems completes the minor wave 3 and wave 4. It needs one more wave down to complete the C wave. From time cycle, it is still in the bearish cycle. And it is rejected from the previous channel. Based on EW theory if wave 3 is extensive wave, wave 5 will be nearly the same as wave 1 in price and time which means the price target is around...
Breakout from consolidation, strong down move Bad news with greece Bounce from support and resistance.
We have a nice Breakout at Daily Level, pullback with Hammer at Support in H4 + bullish engulfing H1 + doble bottom M15! Multi-Timeframe confirmation! Very nice Long opportunity!
eur/usd is in a overall down trend expect a break of counter-trend line and longer term trend line holds overall target ideally between target 1 and 1.0000 to be tested parity on its way if longer term trend line can hold
Correction trend line was broken we wait for down trends
Indicators to look for: 1. Narrow Range 2. Bounce back from previous top band (down trend) 3. Just a few hours ago, a spike up and the price was close to high band (the BB20 is also in narrow range which indicate break out is coming
This is just a follow up chart for an earlier idea I had albeit given up on ( ). I've had to update it for the obvious reason that the April 10th bottom didn't hold, thus the time fibs fell out of whack. So this is just the same basic, mirrored time fib study as last time, just built on the latest data available.
Available Options on Inputs Tab!!! RSI with ability to change first RSI to a different Time Frame.(Defaults To Current Chart Time Frame). Ability To Turn On/Off Background Highlighting if First RSI is Above/Below 70 or 30 Lines. Ability To Turn On/Off Background Highlighting When First RSI Crosses Above 30 Or Below 70. Ability To Turn On/Off "B" Or "S" When...
Building on an idea I had while working on my previous chart (), I have found what I'll describe as a ‘Mirrored Fibonacci Sequence’ (marked by the blue & orange zones) in the time scale of Bitcoin’s price discovery. I call it ‘mirrored’ because the fibs oscillate backwards, then forwards on each consequent bubble. The red & green zones are from observations made...