-Well defined 13 Week cup and handle -Multiple retests of the boundary throughout the handle -Daily Bollinger bands are squeezing -Some interesting volume with building volume on the daily 100 basis points in one tranche is planned Trailing a stop below the 21MA on the weekly could be an effective trade management solution
-75 Week inverse, slanted H&S (multiple shoulders) -Not as clean as I would like but defined neckline -Falling volume 100 basis points planned, Initial order 50 basis points
-20 Week symmetrical triangle forming -Declining volume from triangles inception -Current level is responding to 30EMA as resistance -Weekly Bollinger Band squeeze Will risk 80 basis points split into two tranches with separate targets The closer target is a measurement of the open end of the triangle, measured from the 3.93 low. The further target is a...
-27 Week drooping H&S pattern -Potential 5 Week symmetrical triangle launching pattern -30EMA and Bollinger Bands on a daily scale are forming to align with the short side but would not be what I call imminent signals Will risk 100 to 150 basis points on breakout of larger pattern
-11 Week symmetrical triangle -Well defined boundaries -Breakout on daily chart on Friday close 50 basis points of risk planned
-25 week H&S (multiple shoulders) -30EMA cross on the weekly chart -Bol Band contraction on the daily at key level -Boundary is not clean and has been breached in the past 80 basis points of risk planned likely across two tranches
-3 week pennant -Decisive move to the downside prior to formation of pennant -Declining volume after selling spike -Bol Bands contracting on the daily chart 60 basis points of risk planned
-3 Week pennant -Huge volume at 0.035 floor which has served as support in the past -There has been a notable shift from illiquid pinbars, blocks and gaps, to liquid, normalized trading ranges -Bol Band squeeze on the daily signaled this potential reversal Willing to take 30 basis points of risk on a break to the upside. The scenario exists that there could be...
-37 week continuation descending triangle -Possible 5 week horizontal range launching pattern (boundaries are not well defined) -Second entry attempt -Looking to put 40 basis points of risk initially, an additional 40 if conditions are favourable
-Monster 38 Month H&S (could be quite difficult to find an entry) -Crossed and responded to 200MA on a weekly scale -Could be a favourable short or hedge given the general market condition Will plan for 120 basis points of risk across 2-3 tranches
-54 Week Descending triangle -Relatively defined boundaries for a large pattern -Declining volume -Could require more time to fill out pattern 100 basis points planned, 50 on break, 50 on break and close
-69 Week ascending triangle -Good weekly volume -Nice retest on the daily -40 basis points risk -Hard to pull the trigger in these conditions but i must follow my rules
-3 Week flag formation -Very rapid mark up -Near recent highs -Declining volume as flag forms Will risk 20 to 40 basis points Will implement a 30EMA trailing stop as I cannot identify an underlying formation in which to measure a take profit order
7 Year descending triangle -Established downtrend -Huge pattern with a few out of line movements in Feb, Sep and Nov which make entry difficult -Out of line movements, nonetheless, denote the likely direction of the breakout -Will look to establish 80 basis points of risk initially in 2 tranches -In the case of such a large pattern, one of 3 things will cause me...
-73 week wedge -Exhaustion throw over at the beginning of the year -Retest of lower boundary with bearish daily candles -First tranche 35 basis point risk, looking for a total of 70 basis points
-41 week horizontal range -Concise double top -Breakout on the 7th -Was met with a retest of prior range into the weekly close (the fact that price was not able to close back within pattern is positive) Looking to establish a position of 120 basis points split into 2 tranches
-34 week continuation decending triangle -Possible 5 week horizontal range launching pattern (boundaries are not well defined) -Looking to put 40 basis points of risk initially, an additional 40 if conditions are favourable