Ldog_McG

Ldog_McG

abc correction

Ldog_McG

bat pattern?

Ldog_McG

long now maybe?

Ldog_McG

possible harmonic

Ldog_McG

short to 0.80 then long again wave II retraced 0.618 of wave 1 --> reciprocal of 0.618 is 1.618 (around which we saw the completion of wave III) wave IV retraced 0.382 of wave 3 --> reciprocal of 0.382 is 2.618 (around which we saw the completion of wave V) wave V has an obvious 5-wave sequence which comply with Elliot wave rules - the wave 2 of wave 5 is a...

Ldog_McG

possibly another opportunity to get short @ 4400 with a bearish gartly

Ldog_McG

the smallest one is a bat, the rest are gartleys

Ldog_McG

who's to know what will happen nowadays

Ldog_McG

the chart basically says it all. watch lower time frame for confirmation of rejection from price level 0.793 or from the 0.618 retracement level

Ldog_McG

-looking for a long-term bearish trend resumption -look for trend reversal on lower time frame once pattern is complete for entry (around 0.974) stops above 0.98 1st target 0.962 (or 0.966 if you weak.)

Ldog_McG Updated 

setup: -elliot wave theory (corrective abc move after 5-wave impulse usually has support around the start of wave 4) -stop loss fib confluence --> 0.382 of trading range and 0.13 extension off wave 4 to 5 -harmonic pattern -fib confluence above target 1 --> t1 If the pattern is completed i will; -look for entry at 6.36 given confirmation -set stops below...

Ldog_McG Updated 

>Wave 3 met resistance at 1.618 the length of wave 1, so i'm expecting a pullback >Daily overbought on RSI >There is a significant amount of open book orders just above 0.76 so that shall be my first target. >Around 0.756 is my second target given it being a 0.618 retracement off the 3rd wave and being above the supportive trend line. >Stops will be placed...

Ldog_McG Updated 

gotta be in it to win it

Ldog_McG

potential reversal zone for a bullish gartley pattern, also this may be traded for extended targets towards a bearish gartley pattern (c to d leg) if the support holds @ 16.38

Ldog_McG Updated 

reason; -rising volume (at support level 1.0837 with double bottom) -rsi divergence -bullish Gartley completion -Fibonacci levels respected 1.086 (fib confluence)

Ldog_McG Updated 

-rsi overbought -bearish gartley completion

Ldog_McG Updated 

-price action moved to top of channel -rsi divergence -volume significant at resistance level --> this idea is valid until a daily close above 0.8645

Ldog_McG

the euro seems to have run out of steam, so time for a short