Technical
- Bullish bat pattern formed, awaiting completion of D point
Note
- C point can extend further in next few candle sticks
- Might be able to catch a 2618 opportunity
*For self-reference/educational purpose. NOT investment/trading advice.
Simple head and shoulders pattern formed with a well-defined neckline.
Technical
-Head and shoulders, right shoulder formed
-MACD Reversal approaching
Take profit
-1:1 ratio from neckline to head
-Might want to take some position off beyond first line of resistance(look left, structure leaves clues, consolidation between 114.617 114.732
Stop loss
-Above right...
Technical
- Bullish gartley pattern
Waiting on
- Completion of D leg at XA .786 retracement
Stop loss
- Below X
Take profit
- First target at .382 retracement of XA
- Second target at A
*For self-reference/educational purpose. NOT investment/trading advice.
Technical(2618)
- Double bottom formed
- Bullish RSI
- MACD both crossing above 0.00
Waiting on
- Retest at .618 level
Stop loss
- Before previous structure low
Take profit
- First target previous structure high
- Second target previous previous structure high
Note:
It may break away, but stick to strategy and DO NOT chase
(bearish 2618 double top formed...
Technical analysis:
2618 strategy
- Double bottom formed
-.618 retracement
Note:
RSI formed high lows until recently which broke support, might be a sign of a bear market coming in
MACD crossing for a bearish market too
Evidently the indicators show bearish signals, but I'm trying out the 2618 strategy to see how it fares
Only enter at .618 retracement in...
Technical
- completion of gartley formation (quite forced lol)
- LHHL RSI
Watch out for
- D completion at XA 786 retracement(1.12055)
*For self-reference/educational purpose. NOT investment/trading advice
Fundamental
- US Unemployment Rate rose to 5% (weakening of USD)
Technical
- Completion of the head and shoulders pattern
- Strong support line at 0.7536
- RSI convergence
- 618 retracement
Look out for
- Double bottom forming in "kill zone"
- MACD crossing
*For self-reference/educational purpose. NOT investment/trading advice
