BaliShag

BaliShag

Been having this idea since the 13th of march low

BaliShag

Expecting to see BTC continue to the zone 53.500-58.000 (optimaly 56.000-57.000) and give a nice mean reversion short opportunity to the very least. I might even be aiming for something close to a 13.000 point drop (measured move), if everything looks good. Any breaks above the zone and I'll enter long on a retest.

BaliShag

4h Wolfe wave / AB=CD to trendline and decision point

BaliShag

Former shoulders resistance, S/R and lower median line. Bullish above, bearish below.

BaliShag

This pace isn't sustainable.. Current swing could see completion in this area. Otherwise should a break out and pullback to the red zone offer opportunity to get long.

BaliShag

Some possible scenarios for intra day bias

BaliShag

With DJI rising fast, NQ slowing down (falling at the time of writing / suddently the weakest index) and VIX showing some strength at the same time, it might be that we're just waiting for DJI to hit it's target.

BaliShag Updated 

Possible short at current channel middle + former channel top.

BaliShag

Measured move, gap fill, break down zone calling, double channel expansion, completion of 3 drives pattern.. Lots of stocks got trapped traders in that vicinity. YM has made a possible 50% correction on the way up and with the tech bulls roaring, NQ could "easily" hit target - if DOW really is only half way up that is.

BaliShag Updated 

Dax has been acting rather harmonic lately and now we've got another Butterfly completed on the 4h, while a beautiful bullish Wolfe Wave is in play. I'm still expecting a much larger correction in the long term, but I think we could see a nice run from around here or the bigger daily AB=CB at the fake out in daily + weekly demand, before bears eventually takes...

BaliShag

I'm thinking it's quite possible we're gonna see a long torm top in this area, but for now we have a range set up with bullish harmonics pointing to it's lows. I will be watching this for clues to a possible higher time frame trend reversal.

BaliShag

A Cypher would fit the lines a bit better.. Lets see. Definitely an interesting area. Eyes was on it from the start: oi63.tinypic.com

BaliShag

Lots of lines coming in just above/around the bat. Just watching :)

BaliShag

Just a rough sketch with some areas/lines I'll be watching to complement eventual setups on the lower TF's. The time element will of course have a big influence. It's nice how the MA's seems to line up with these energy points.

BaliShag

Ideal AB=CD (precise 0.618 -> 1.618) (possible Bat a bit higher) to WW completion. Looking for a move down to the 59 area at least. Some great details about this Wolfe Wave: The 1-4 target line has the same slope as the blue downsloping fork. The 2-4 line exactly the same as the steepest upsloping black fork. The 1-3 line the same as the turquoise upsloping fork...

BaliShag

Just a nice little map to have for future reference. Gotta love these lines :)

BaliShag Updated 

Topped on shark, bounced on 5-0. Could we see a repeat the other way around? DOW 2h bull shark to bear 5-0: Nikkei daily has completed an ab=cd to wolfe wave 5. Just below is a nice butterfly:

BaliShag

Bullish bat completed. A close above EMA 8 or the trendline seems like a reasonable entry trigger. Alternatively a trade above last minor swing high. AB=CD, Gartley or Butterfly also possible below. Only looking to catch a bounce equal to the BC leg of this bat. NB. long term down trend! /edit: This 15 min bear bat might offer an opportunity to get in if it...