Here is the weekly ABCD long term swing...Since the 86% FIB retracement formed a strong level of resistance price has since dropped through the floor heading towards several major levels of support. Firstly, the B low will act as a substantial support level; followed by the pivot yearly low of 2010; finally, settling at the 118% D extension target, which adds...
The Next Best Demand Zone for Brent Crude Lies in 51 area So we should not be expecting any big retracements in current down trend before that.
I have spotted an uptrend. I can draw anything on chart and i can even set an alert on an oscillator. I would like to go long when CCI is oversold (the pullback in an uptrend) to maximize my profit on an uptrend. This is a very useful features for me :)
EURUSD is on a super long down trend, and this might play out from today till the end of the week with Draghi on the wires in a few minutes. I'll take a 2nd short position on the break of 1.2480 level, looking at 1:1 RR, then would adjust accordingly to 1.2244 as final target, will re-look when hit. i'm already short from London's open at 1.5387 Good luck all.
I have always studied and monitored price action against Fibo levels and providing the markets trend and do not reverse the myth of Fibonacci works for me... Here is a daily chart showing the recently completed ABCD pattern...A - B boundary completed and a C shallow pullback correction formed. This offered an extension target at the 1.618% (1.24978)...notice how...
The EURO is currently sat on several major support levels; Daily TF A - B swing C pullback halted today at FIB support 88.6% which concurs with previous structure lows and whole number 1.2700. Looking for buy signals on smaller TFs to pick off bullish corrective price action
During the close and opening times, especially relating to the Sunday Open we can often see a gap in price and more often than not price comes back and fills the GAP. Here's the 84 pip gap on the EURGBP being helped be all the discussions, fear, etc of a Scotland's breakaway from the UK.
Shark pattern lining up with historical support. The pattern also fits well within a regression channel. The Shark is not my favorite harmonic pattern because it deals with 3 possible entries at the 1.13, 0.886, or 1.618. High probability of reversal is showing between the 1.618 & 0,886 retracement. Let's see what price...
$CBS finally gapped down into Target 1 of the gartley pattern after putting in a pin bar at 1.27 ext & rejecting the 0.786 retracement price level. We have a bullish Cypher setting up with an amazing support line dating back to Septemeber '13. Our PRZ will be at the 0.786 retracement level at pice $57.26. In the mean time, enjoy the bearish gartley while it...
$AMD trading in the midst of a bearish flag/pendant pattern. Inside of this pattern we have two high probability bearish reversal harmonic patterns. A cypher (purple) & and bat (red) pattern.If price action ever make it up to these two patterns, We may see a potential false break out here, we have previous structure resistance dating back to 2008 at $7.07 & $7.95...
FTSE doubled topped in year 2000 & 2007 at price levels $6490 & $6627.. Now price is heading back to those levels, but as previous resistance now turned support.. Price action has formed a nice little trend channel which gives me confidence of taking the bullish bat reversal pattern. ********************************************************** For inquires of...
Very nice confluence with the 1.27 ext measured from C to B leg lining up with 0.786 retracement of X to A. We have good structure resistance dating back to early May '13. Let's see if this pattern can reverse price. ********************************************************** For inquires of education, live trading room, or prop trader funding...
Oil is tanking, but there's still a possibility that USOIL can complete the deep bearish crab pattern as long as price action doesn't violate the C leg. ****************************************************************************** For inquires of education, live trading room, or prop trader funding email epicdaytrading@gmail.com Skype: epicdaytrading PH: +1...
Although there is naked structure of resistance and no confluence, I would like to see some bearish divergence on the RSI to confirm this pattern reversal. Nasdaq have been bullish quite sometime and it is indeed due for pullback to catch a breathe.. This pattern could very well confirm that. Looking to take a target no more than previous resistance now turn...
Euro making a comeback on the rally. Price action put in a .786 retracement on the B leg of the X to A measurement which validates a potential Butterfly pattern. If price rejects $1.371 at the 1.27 ext.. We may see a reversal. ****************************************************************************** For inquires of education, live trading room, or prop...