About mePrivate Trader
Harmonic and structural Trader
I do not follow subscriptions or post any-other peoples work.
Generally trade on 1, 4, D time frames.
If you dont understand the patterns and methodology, dont trade my ideas.
Good opportunity for a short top of channel for a 5th wave down
If we move up beyond channel, there will be a better opportunity for a larger short at the TL
Profit targeting 886 and TL alignment.
Full Channel RSI Divergence noted for a stronger move down, not up.
GBPUSD 4HR - Continuation Long - C&H formation
Looking for retrace into a W4 to define the C&S and move into W5 into the 168 area
Watching for a break and recover around the 22-328 FIB retrace.
Chart is pretty self explanatory.
RSI and AO Divergence suggesting a slow down.
I will be trading the break out of the falling wedge, plenty of pips here and sections to trade if we move up.
Bat completing in the area
Current support area resting on Monthly Pivot.
Failure here could also present a nice sell opportunity to 136-137, there is quite a lot or room before support
POT pennant break out of impulse wave
Are we looking at another Shark pattern just after the other completed?
Very similar structure
If there is no strong breakout from Pennant, look for a bearish flag forming
We will break one way or the other, I am thinking to the upside.
2 patterns completing in complex FIB zone
TP2 only if we break the TL to confirm more upside.
Rejection noted on the current candle, but waiting for 1 or 2 more candles
Diverging AO possible W5 complete on this TF
RSI returning to normal zone
**Monthly Pivot support not tested
Shark pattern has formed after a Diverging bottom what looks to be a corrective move
Currently in a sell but more interested in next wave up for bigger gains
Looking to buy around 0.964, watch for price action around the demand zone.
618 Swing potential with 886 pattern confluence in the zone
Ending of Wave 5 for an ABC Correction then onto 60?
Has been a nice run and could be a very profitable pullback.
Have taken a break from posting here but will try add a couple each week as time permits.
1168 Crab EXT meets with 113 Shark confluence of a few pips
If we draw the Shark from structure bottom impulse we get a perfect shark at exactly monthly support. - showing the EXT of reversal area low
Emerging pattern shown in grey, both patterns blue are complete.
50% Area of swing
Both AO and RSI diverging
AO is hinting to a completed wave 3 or near too so most...
Look to be setting up for a correction
We have Full Pattern Divergence. and DIV since RSI has been in the Overbought state until now on the 4HR.
Something to review Monday so just noting this on a chart next week.
886 and 133 tested in Shark pattern
Shark active with first segment complete
Looking for a small pullback to enter the trade and see out standard Fib Targets.
If the pullback is missed, a break below the 886 then a retest would be sufficient.
The Doji has spoken :) - well its a daily candle, lets see how bullish the current finishes up.
Possible entries here are a pullback or wait for a break of TL and buy the break (while losing some of the leading gains)
Nicely structured pattern for confluence.
Nice W shape formation on the 4HR following RSI back in the trading zone.
Bearish Pattern T-Bar completed at Monthly support
second retest was RSI divergent, giving us a bearish impulse.
Daily has closed below 886, so looking for a small retrace to open a short
RSI Broke structure giving another bearish signal after Divergent top.
The Divergence that is the most effective is always from O/B or O/S and back into RSI normality.
Really nice opportunity here.
Bearish BAT 886 @ confluence with Monthly Resistance almost to the price with in a few pips
Fresh supply zone.
Full Pattern BAMM Divergence, should see a strong TP2 reversal.
50 Pips away so look out for a strong move to 82.888 on Monday session - Alarm set.
Following AUDUSD, we are lagging slightly but right on Q.
Nice Divergence setup with Shark @866 confluence.
Top of channel and look ready to roll over
May want to wait till break of wedge, or enter on your own conclusion.