Thoughts areas to buy GU volatility movements.
Historically Turns hit thew 78% Broke 2.6 level
Areas to short 10
Possible aggressive B-C LEG
Short on re-racement of the GAP down and Crude hitting bottom of weekly range.
Wave 5 extension into the 2.618 retrace of the Gap. Waiting for pattern confirmation of residing interest in this level to the downside.
Waiting for retracement back to around 1.4600.
Possible over extension in price action to 1.100 strong support. Waiting for confirmation lower time frame pattern setup
Moving into completing a truncated wave 5 extension. Pullback trade to around 2.037 zone
Shark Pattern with an over extension of U/N with an untested area below. Lines up with E/U running into 1.100
Completion of ABCD extension, 61 fib from high along with high order flow area at 1.2500 gandle. Short from around 1.2500
Short term retrace setup on break of H&S back to 2 area.
Looming possible Gartley setup for long position. Might also effect current short positions on the cable crosses for a possible exit.
Short term spike on low volume that gets filled. Trading below for a retest to the 120 area.
Has all makings of a great setup. 3 driver pattern to finish the 5 extension to the upside. Backside break of H&S and 3 drivers pattern with a good fill below for target.
Head and Shoulders break
Gartley setup to retest highs and 2.000 level. Short on turn of signal.
