NicTrades

NicTrades

Hourly bearish crab inside a bigger bearish pattern at major Fibonacci resistance

NicTrades

Yesterdays range in ETHUSD was the smallest in 6 months and it usually precedes a break out and trend move. Reversals at 0.786 Fibonacci levels usually go back to the 0.382 Fib retrace levels next and that lines up with an ABCD pattern measured move lower in ETH to 235 USD.

NicTrades

All the USD majors are at levels where the USD weakness could return. The GBP and NZD seem to have the most potential and least crowded longs. I like this bat pattern in NZDUSD for a bounce at least back to 0.7280 and above there is a bullish reversal.

NicTrades

Falling back through the 0.236 Fibonacci support after NFP in GBPUSD validates a bearish bat harmonic pattern at yesterdays 1.3269 high which is the 0.886 retrace from the September 2016 highs. (Not the GBP crash low was agreed at 1.1860 so low is adjusted). A break of the red trend line from June lows would confirm. First target is 1.2933 and if that breaks...

NicTrades

The rally from the 07 July low has reached the bearish ABCD measured move objective at 162.67. This is also the 200 day MA and strong resistance. The topping pattern and bearish price action suggest a reversal here and downtrend resumption. The rally from 07 July looks like a bear flag and a break down has a target of 157.20

NicTrades

Everyone is talking about the 1000 level in Amazon but the projected Fibonacci resistance is between 1056 and 1069. I am not an EW expert but I believe this is the end of wave 5 of 3 and wave 4 could be shallow and There is no Fibonacci resistance at 1000 in AMZN Using Fibonacci projections from lower corrective swings resistance levels are 1060 and 1206. Shorts...

NicTrades

Bullish Gartley pattern in EURGBP from the December lows. Everyone looking at the short side could mean a squeeze and another leg higher

NicTrades

Extended bullish runs tend to become butterfly patterns. The S&P 500 hits that pattern resistance around 2335 Note I am not calling "the top" here, just significant resistance and a likely correction.

NicTrades

Bearish Gartley pattern triggers on a break of 1.0711 targeting 1.0544 next. Bearish USD sentiment may be a little over done.

NicTrades

GBPUSD bearish bat I dont think this is the high high but this is a valid pattern and they retrace hard ...

NicTrades

Bearish ABCD patterns within a bigger bear flag point to downtrend continuation for EURGBP. Target 0.802986 on a break of 0.8360.

NicTrades

I would like to see a second leg lower in Febr9uary WTI oil Bearish ABCD pattern./

NicTrades

DXY bearish butterfly could send it back to retest 100 over the holidays before continuing higher.

NicTrades

The AB=CD decline into and reversal at the 0.382 retrace from the 2015 lows argues for higher prices. Stalled at the o.236 Fib retrace of the decline an hourl7y close above 0.7091 should trigger longs to 0.7226 or 0.7287 next.

NicTrades

Bullish ABCD decline to the 0.382 retracement of the rally from the 2015 lows. An hourly close above 0.7091 should trigger next leg higher to 7165 7226 and 7287.

NicTrades

EURJPY bearish Gartley targets a return to 114.52 and likely new lows.

NicTrades

At 108.50 USDJPY has made a bearish ABCD pattern rally from the June lows and it is also the 0.382 retrace level from the November 2015 highs. I dont normally like drawing Fibonacci from interim levels but ... If we break back below the 200 day MA at 106.40 it will confirm. The 200 week MA is resistance at the highs here also adding weight to the short idea. My...

NicTrades

Good example of a Wolfe Wave in GBPJPY. Target is 150.00, resistance at 140.00