The AB=CD is completing soon provided the Gann minor resistance does not hold, Buy entry at C was triggered by increase in volume and upward momentum. looking for signs of weakness at the fib extension 1.618 or before that to go short. Gann square is very much subjective but the market was respecting the major zones and thats all that matters to me.
Always trade...
Price rallied past the ABCD extension at 1.618 with great momentum( long range bar)this top also corresponded to a double top that is visible in the 4HR chart. All indications to sell this market in my humble opinion did not pen out. I AM NOT SELLING THIS MARKET, I know what you are thinking, maybe you are right, maybe l am an idiot but l just don't know how to...
First entry was a classic butterfly entry and that was a no brainer, but the second one is that trade where you look stupid when your stop is hit!
D point was a normal entry after the doji candle, price rallied and an opportunity to scalp the lower time frames paid dividends. The second entry was a retest of the fib level 0.618 and the twizzers played to my bias...
At times they work out perfectly but you must always guard against euphoria. Anything can happen in the market !
Another butterfly pattern with not so perfect fib ratios. Had to wait for other confirmations to get into the trade . CD leg terminated as a measured move of the AB leg and immediately evolved into a Three drives to the top pattern and that was my...
When I saw this I believed it was a powerful confluence but up to until now it seems the market has other ideas.
Its a head and shoulders at the top with a gartley 222 butterfly pattern. these patterns have only managed to produce further accumulation with no significant drops.
It looks like my confluence will fail. Trade what you see and practise sound money...
The best trade is the hardest trade, you have to be patient enough to let the trade develop and pull the trigger without hesitation.
AB leg formed with a small retracement that led to a coiling pattern the bull flag, Wyckoff spring (bear trap) formed at C and then price broke the accumulation zone with a retest of trend line and that triggered an entry for a...
When these patterns workout you get an assymetrical risk to reward, and when they don't everyone thinks you are an idiot.
It's a butterfly pattern with all the valid fib ratios, at least within the margins of error. The 0.618 fib retracement gave me the courage to take the trade.
The stop is on the 0.786 fib retracement and I will use a trailing stop.
Trade...
deep fib 0.786 retracement forming a perfect Gartley 222 as a bearish signal. Stop loss was placed at the high and the target was a fib 1.27 extension. Trade is in play but with trailing stop.
We always trade what we see and practise good risk management all the time.
Targeting at least a 38.% retracement in Oil after the completion of an ABCD harmonic pattern.
Trend still bullish but we always Trade what we see with good risk management.
Keep stop losses tight and we will add positions at the sign of a retracement.
38,2% retracement of the AB leg featured a Wyckoff Thrust pattern ( bull trap) that triggered my entry at C for a long term bearish move. Profit target is a symmetrical CD leg .
Using tight stop loss because there is a valid 50 % retracement from November lows that can see higher prices .
Always Trade what you see and use good risk management 🍻
Nested ABCD harmonics provided 2 bullish signals at C with a symmetrical profit objective of the AB leg.
Sell opportunity at the last D point for a 31,8% retracement profit target of the whole bullish swing.
It's a thing of beauty when you get the picture perfect harmonics❤️
Always Trade what you see and practice good risk management.🍻
Was bullish at C and the take profit objective was reached at D. The CD leg is a 1.618 extension of the AB leg.
Looking for a sell if the top Gann resistance holds, target will be at least a 38.2% retracement of the bullish swing.
Looking for a coiling pattern to validate a buy when Gann resistance is broken to continue bullish move up.
Always Trade What You...
61,8% retracement on 4hr chart of the AB leg. Price projection is based on the AB swing being exactly equal to the CD swing. Take partial profits on early candlestick signs of retracement.
Anything can happen in the market, practice good money management and always Trade What You See...🍻
Almost perfect Fibonacci ratios on the ABCD legs, Sold on Friday, and looking for a continuation next week.
High probability sell but remember anything can happen in the market. Exercise good risk management all the time.🍻
