JackDale

I have been following this market for a few days and noticed a couple nice setups on the horizon. Currently, this market is wanting to head down, but I believe a small retrace up is needed before entering new lows and completing the potential bullish shark (grey) and cypher pattern. With these patterns, according to Scott C. - Harmonic Trader, with ...

Nok Nok, who's there? Bullish butterfly pattern. Interesting harmonics coming up for EURNOK, ab=cd, bullish butterfly, with a .618 retrace from significant support to the top. Rsi finding support. Butterfly's like to reverse quite quickly, but since they require large stops, it may be wise to wait until a reversal candle is shown.

A bullish bat on the 5 minute euro cad. Maybe it will hit maybe it wont. Maybe it will work out, maybe it won't. But it's certainly a setup to watch. Rsi has dipped, and a retest will be nice. A bullish crab also forms at the 1.618, close to the 88.6, so two nice looking harmonic pattern completions if price visits at or below the 1.618 area, Stops below X. ...

I have been seeing great 2.618 trading setups in the forex markets lately. This one seems to be a good one as well. It's a bullish setup, buying when it hits the .618 after a double bottom. This one has already passed the .618 and is at the .786 fibonacci level. Making it a better position. Though this 2.616 pattern is a little different. I am only posting this ...

Quck pattern. Type 2 test. Bat Pattern.. Rsi heading up as well.

It will be interesting to see how bitcoin will play out this coming week (when is it not) Bitcoin has created a Gartley, and has been completed at the 1550 price. Target would be around the low 1460's which almost got there, hasn't got quite there yet. So, in that case maybe there is a chance for a new high if we break this area and stay above the trend line. ...

What could happen between these next week for bits.

A recent pump lead to the completion of a bearish Bat pattern (purple) that was setting up. Will be looking for a .382 test. Also, This could eventually lead to a butterfly pattern. So far the ratio's are perfect for a bullish butterfly pattern (orange) to form with bear div helping it. This only matters if price doesn't violate and rally through the current X ...