Contraction leads to Expansion. BA moving under 156.36 begins the expansion process. Looking for the big move to occur if price gets under 153.14. As always, supported by the Double Bollinger Bands sell zone.
Thinking price to head to the 120s.
Contraction leads to expansion. With a Daily close over 1.56438 or at minimum with price action finding support above that level, there would be potential for EURCAD to expand to the blue levels marked above.
Also, the Double Bollinger Bands support a Bullish Trend.
Contraction leads to expansion. With a Daily close over 11.60 Kodak has begun the process of potentially expanding to 17.88.
Also supported by a Daily and Weekly close into my Double Bollinger Band Bullish Trend zone.
Market structure has been broken to the upside (check).
Now waiting on stops from Thursday to be run (cross), to generate liquidity.
After stops has been run and provided price reclaims the launchpad area (airplane). Then Off we go.
I like this on a pullback to the entry level of 1.8210, otherwise, at current levels and higher, the Risk vs Reward is not there for our desired target.
I use the bollinger bands to get involved in trends once price closes above or below the 1st standard bollinger band and price moves into the zone between a BB1 and a BB2.
Close above the Bollinger Band (1 standard deviation), indicating that price has moved from consolidation into a trend.
Stop loss behind the first candle that closed above the BB1.
Daily Inverse Head and Shoulders pattern.
Daily reclaim of the 200 EMA.
Target 1.7900 - Structure Resistance.
Daily Kangaroo (Inverted Hammer candle, where the open and close of the head occurs within the range of the previous candle. This should occur at Resistance).
Short, Target is twice the size of the Kangaroo.
Inverted Hammer aka Kangaroo (inverted hammer close with the open and close of the head within the range of the previous candle). Confirmation is a close below the inverted hammer low on the next candle. Also a H4 Head and shoulder, neckline retest and failure.