ColinGallaghere5

ColinGallaghere5

looking at this zone for a bounce in Barclays - will enter if I get a trigger.

ColinGallaghere5

H&S top just testing neckline, if we see a break of 11750, I would expect to see a sharp move down.

ColinGallaghere5

Looking at the weekly chart the DAX, it paints a quite bearish picture. This years price action seems to be forming a h&s top with ice line around 11750. This will be a critical juncture for the DAX as price will also meet the upscoping trend line that has been in play for a number of years. If this price does not hold, I would expect a move sub 10k - to the...

ColinGallaghere5

Looking for a breakout from this recent consolidation. Price looked bearish before recent had formed however now we see an ascending triangle has formed. Initially look for successful bounce from resistance. T1 - top of triangle. T2 - previous ATH

ColinGallaghere5

The British pound has been getting severely devalued over the past few month. Price action suggests this will continue. I have identified a supply zone at 1.28110 - 1.28330 where I feel we may see a reaction. This region coincides with the 127.2% retrace of the most recent move to the downside (h1 TF) and the 50% retracement of the full move. I will be looking...

ColinGallaghere5

See confluence of 50MA (h4) , previously inflected horiz resistance & 50% retracement. I have went short here at yesterdays open. SL placed just above market high. This will moved once I see a reaction to the downside further improving my R:R on the trade. I always place my SL's at the point where my opinion is proved wrong. If a new high is printed here then my...

ColinGallaghere5

As can be seen from the chart above - I believe the Nasdaq is going through a clear re-accumulation - currently in phase C. We see each reaction to the downside reduced after the Feb lows, higher highs, higher lows as the weeks pass. EWT suggests the price action seen during the February crash formed w4. We are now in W3(5). Daily bar on the 15th August (retest...

ColinGallaghere5

Looking at the Macro analysis in my last published idea, have been waiting for. good entry on the FTSE for the past couple of weeks. See above my idea. Good R:R for this trade. I suspect we are currently experiencing wave c2 - I will be looking to catch the trip to the downside for wave 3/4/5 for a test of the lower bound of the diagonal. Considering chart...

ColinGallaghere5

See above the buy limit order I have set up for the FTSE From the Macro analysis I published in my last idea, I am expecting some downside for the FTSE over the next couple of months. Now to find a good entry! As stated previously, I can see a test of the lower bound of the ending diagonal. EWT suggest we has just completed Wave C-1, currently in wave C-2 - a...

ColinGallaghere5

Analyzing the FTSE from a Macro point of view, it seems as if we are currently printing an ending diagonal in W3. EWT paint a bearish picture. If the diagonal breaks to the downside and cannot hold price above 6750, the impulse structure has failed and will signal a retest of the low at 5600. Brexit has caused doubt in the UK market as a whole with equities...

ColinGallaghere5

See attached a trade I have entered short on the Nikkei 225. Price has now reacted twice to the ascending trend line and failed to hold its advance. I suspect a 3rd retest would cause a break. Bulls have failed to form a new high over the past couple of months leaving the bears in control here. Trades troubles between the US and china have caused doubt in Asian...

ColinGallaghere5

The most recent highs on the SPX have printed bearish divergence on the RSI - as price has now failed to breach local highs in the short term, I would suggest we will see a break of the trend line to the downside on high volume. This will form our phase C of the re-accumulation I suspect Is occurring at the time of writing. The nasdaq has printed a double top...

ColinGallaghere5

Quite Clean Ascending Triangle has formed on the ASX200 H4 - looking for a break and close in either direction for entry. Look at RR = 3 here. Potentially very good setup.

ColinGallaghere5

Quite Clean Ascending Triangle has formed on the ASX200 H4 - looking for a break and close in either direction for entry. Look at RR = 3 here. Potentially very good setup.

ColinGallaghere5

Bloomberg crypto index has held its ground and managed no to break below previous Feb lows! RSI has broken downtrend resistance for the first time since the failed UA at 10k. Now we watch. I expect another test of the lows before marking up!

ColinGallaghere5

Multiple higher lows after significant increase in supply in Phase C leaves me very bullish. Monthly closes resistance is short term target for an entry.

ColinGallaghere5

See the accumulation occurring in EURGBP This event is acting as a BU test to a larger accumulation noted on the weekly chart. Immediate targets will be previous highs but I can see this one going much higher.

ColinGallaghere5

Here we have an example of an event within an event within an event. Next move on the weekly event should be a sign of weakness towards the bottom of the range. Daily event shows a distribution event that is currently in phase C lpsy. With weekly & Daily bias bearish, this increases our probabilities of a successful short in the h1 TF, which isn't in phase B of...