A trend trading opportunity is still valid for me, having this bearish Gartley formation on EURUSD, gives a fantastic opportunity to hop in for a shorting opportunity. Why so? Point D completed within the previous consolidation which also add in a strong resistance.
Last post: April 27th 2018. See chart . Review: Price was finally trading above the previous all-time high. Update: Price has remained above this level and currently looking strong. Conclusion: Price is currently above the previous high so we should see further moves to the upside. Any comments or questions, do not hesitate to leave them below. Give us the...
Overall move is still bearish. But what we're looking at right here with this mini trendline is confirmation of a continuation to the downside. I only see two possible areas where it can still bounce up before rolling back down as a swing trade. I looks like a possible double bottom formation could happen to create the bottom of a bearish harmonic, then...
Gartley 222 pattern is completed in the direction of the trend. Which makes this a high probable trading opportunity. Not taking partial profits anywhere because reward/risk = 1 SELL Opportunity available now. 52 pips of profit potential.
Nice Classic BUTTERFLY SELL Pattern formed in USDCAD. We missed the original entry but now it could be traded as trend continuation. Reward/Risk = 3 145 pips of profit potential.
Last post: April 24th 2019. See chart . Review: Price was stuck in the consolidation zone. Update: Price broke out of the consolidation zone but found resistance at the 50 simple moving average. Conclusion: We need a breakout of consolidation before considering a trade in this commodity. Any comments or questions, do not hesitate to leave them below. Give...
Last post: April 22nd 2019. See chart . Review: Price was getting ready to break support. Update: Price did break the support level but is now retesting it as resistance. Conclusion: If the resistance level holds then we may see further weakness in this forex pair. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if...
Gold is still in pullback mode still respecting the harmonic for the retracement. The only way this will become a bullish trend is if it breaks the 1298.86 zone. Then, it will have broken the overall trendline. But for now, waiting on the retest of 1282.70 zone, then continuation up before it's next drop, which will be bigger than the others when if happens. ...
Looking to short GBPUSD aggressively on this. Bearish Shark complete within the sell zone and on my 2nd target I'm looking for an extended target. Check out my profile page and click on the link to redeem the video version of the analysis
Hits previous lows and rejected resistance, market already priced in the June 1st announcement, bitcoin is likely going to make a big move in the coming days. Altcoin sentiment is crashing down, already in a down trend according to trend hunter indicator.
MMA Trend Trading
Last post: April 3rd 2019. See chart . Review: Price was finding resistance at a former support level. Update: Price has now gone into consolidation. Conclusion: We need to see how long price remains in consolidation and stand aside for now. We need a breakout from consolidation before considering any trades here. Any comments or questions, do not hesitate...
Last post: April 3rd 2019. See chart . Review: Price was trading comfortably above the daily 200 simple moving average. Update: Price has continued to look strong making higher highs and higher low. Conclusion: We want price to continue to advance higher and eventually break the previous all-time high. Any comments or questions, do not hesitate to leave...
Last post: April 3rd 2019. See chart . Review: Price was moving towards a resistance level. Update: Price has managed to break out of the resistance level, creating new all-time highs. Conclusion: Now that price has broken out, we should see a continuation of the uptrend. Any comments or questions, do not hesitate to leave them below. Give us the thumbs...
Using the CHOP_LRSI (Laguerre's Time RSI with choppiness index overlay) and my Fibonacci Moving Average indicator, I base my long term buy and sell zones by the indicators marked in bullish and bearish ellipses in green and red respectively. A couple of those trend indications are based on support and resistance lines, naturally. These indicators seem to work...
Looking at how price broke through major resistance level, it is currently re-testing. Should begin to drop when market opens up again.
Both these stocks have massively bullish monthly charts, and are probably reaching the euphoria phase where investors pile into them like crazy, forming a blow off top, followed by a lengthy consolidation after the bubble peaks...Daily charts give excellent trading setups using 'Key Hidden Levels' and 'Time@Mode' Techniques, created by my mentor, @timwest. I'm...