If current resitance holds Chart Notes
Retest of the 50 or 200 MA after death cross. ? watch the current zone for reversal patterns.
Potential Short Opp. Momentum turning down on the H1 TF. Stochastic 15min is on a cycle low. Wait for the end of the next stochastic cycle high to end on the 15 min TF to align the down ward momentum with the 1 Hr TF to entr short
That was a sweet impulse move.. espcially if you were short. A potential correction here back to the 200 MA ?
Important times ahead for EU on the 1 hour time frame. Does the 50 MA cross the 200 ? Only chart time will tell.
Areas of interest. Suggesting Short term correction almost complete. Look for patterns on stochastic. Divergence. Double or triple crosses for more strength in the analysisa. A close above B comfirms the abc correction pattern is complete
an entry potential could be a close below the b of the abc correction
Price is in the PRZ and about to reach 100 SMA resistance. Look for reversal patterns @ this level for a potential short Op.
Easy but High Probability Trending Trading Technique. Chart Notes:
B of A of ABC correction ? Is oil on the way to 37.00 ?
Are we getting closer to a confirmed correction. Or will EU continue higher ?
Areas to watch. Watch for a 3 wave correction structure with a possible bounce of the 382 to take this pair long. (382 is the most common correction four a wave 4 but as always could retrace more or less. watch for a reversal pattern on a lower tf )
OIl has been responding remarkably well to harmonic zones. Look for reversal patterns for potential shorting opportunities on the H4 TF.