I am bearish on oil until price 30.00. I think that we are in corrective waves, and also possible Bearish butterfly in the making. If oil reaches the price of 30.00 and holds we could see big up trend, test of 50% fib and 1.618 extension and completion of butterfly.
Hey traders, stopped out of the impulse trade, and choppy price action alludes to potential success with corrective structure patterns. Here a bat is complete. SL is placed above two S/R levels with TP at .886 of the impulse. Cheers
Hey traders! Looks like we have a triangle complete and ready to rally on the 30m TF. Here is a set up that capitalizes on the bounce off of wave-E of the expanding triangle. This one should be moved to B/E quickly as the rally should be a quick impulse. SL can be placed below root of wave-i on the lower TF. More updates to come, stay tuned
Hey traders! The wave count suggests more bullish price action toward continued correction at wave-X above. This potential Gartley pattern may be a good opportunity to enter long. I have an initial price target at .5 AD. If price rallies into a strong bullish impulse, I will ride this one out toward the top of the channel. If price breaks through the SL, a...
Hey traders! I am still short this pair and eyeing up long term targets. If you're not short already and would like to be, this triangle is a good spot to enter if the optimal risk/reward presents itself. Still looking toward the missed daily pivot below. Great drop on this one, lots of pips! Happy trading!
Hey traders, we have a potential bearish breakout toward the completion of a Gartley pattern. Also keep an eye out for a breakout rally, so only enter when there are clearly more sellers than buyers. If the Gartley pattern completes, I will be looking for long positions toward the top of the descending wedge. Happy trading!
I'm new to Forex market so if anythings wrong with my chart or my wave counting please let me know, Thanks. Trade with care.
The Wave C correction was very consolidated. Price continued a bit lower out of my target zone. Price has now turned bullish, after the first initial push, we had a break of the bearish channel. We had our first pullback at the .618 retracement level in confluence with the channel retest.In result I'm considering the first impulse wave and the correction Waves 1 & 2
Hey traders! In case you missed it, I am long on this one already, see related ideas. I want to add at the levels shown with a SL below the invalidation level. Drop below here means the bullish impulse is not the beginning of a five wave sequence and I want out. Also, this is the typical SL level for a Gartley pattern which has just completed in the PRZ. TP...
Hey traders! Price has now entered the PRZ from my previous idea: I want to start looking for short opportunitites around this area. Looks like we may have another small rally beforehand, so I want to trade the break of the trendlines shown. Updates to come, cheers!
Hey traders! I am ready to enter this one, and have an entry set at the unhit daily pivot for today. This serves as a nice entry as it coincides with the .5/.618 fib area following the bearish impulse. SL is set above invalidation level as this will invalidate the trade setup. TP is set at the missed weekly pivot, but I have deeper targets. We will judge the...
Hey traders! Price was rejected with authority in the previously defined reversal zone. Price action is indicating further bearishness down to the Gartley PRZ. Bias remains Bearish unless a big bullish candle prints before target is hit or invalidation level is violated.
Hey traders! Last week's price action completed with a very bearish move and containment inside the monthly trendline (top, red). Five waves down confirms an impulse, and I want to sell the pullback toward the completion of a potential Gartley pattern. The bearish wave-5 may still have some juice left in the tank as the 1=5 level has yet to be tested. However,...
Hey traders! The bearish move toward gartley completion carried out as predicted and we now have a complete five wave impulse structure. I want to see some bullish price action before continued bearish movement. Therefor, I will be selling the pullback to the trendline violation area. I will likely be using this position as a hedge for the EURUSD 4H short...
Hey traders! Looking to buy the completion of this wave-b, and this position will account for multiple variations of the sideways correction. The one variation however, that it will not account for, is an expanded flat. This is a real possibility with the volatility we're seeing from this pair so any entry should be pending confirmation of the completed...