PivotTrade9

PivotTrade9

Bullish Momentum: IMG established a double top and then retraced around 0.38 levels on Fibs. And bounced back beautifully. And maintaining its upward channel.

PivotTrade9

Bearish Pattern: Ascending broadening wedge is forming. If it breaks the lower line of the wedge, then it will be the continuation of the bearish trend.

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Bullish Pattern: If it breaks above this line and holds it. There will be a change in trend from bearish to bullish

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Bearish Momentum: Broke upward channel downwards is the confirmation of a bearish trend.

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Bearish BAT forming, it can potentially pull this stock down.

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Bearish ABCD Pattern formed that can potentially pull this stock down

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Bullish Butterfly caused the trend reversal on CNQ.

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Trend reversed after forming a Harmonic Bullish BAT

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Tentatively, I am waiting for an entry around this zone. Because this zone has a major resistance level

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Waiting for confirmation to make an entry. So far it made 3 white soldiers. So I will wait for another confirmation before making my decision to go long or short.

PivotTrade9

I will wait for confirmation to make an entry because if it goes to 38% zone on Fibs & couldn't hold that zone. Then it can also be a trend reversal because it will break the parallel channel and make a LL.

PivotTrade9

AUD/USD couldn't break its previous LH and made an other LL.

PivotTrade9

GBP/USD made a new HL but didn't break its previous high. I took an entry at 1.2296 with a SL @ 1.0900 slightly lower than the previous HL.