TradingShot

Pattern: Head and Shoulders on 1D. Signal: Long as the pattern touched its neckline and is preparing to complete the right shoulder. Target: 142.50 which is a 4H resistance.

Pattern: Triangle on 4H. Signal: Short as the upper trend line rejected the (b) leg and the pattern will approach (3). Target: 108.235.

Pattern: Inverse Head and Shoulders on 1D. Signal: Essentially sideways trading for 1 week with 2 buy signals and 1 sell. Targets: As illustrated on the chart. Long TP 52.80, 54.10 and Short TP 50.50.

Pattern: 1D Head and Shoulders on a positive gradient. Signal: Long on the formation of the right shoulder. Target: 9.95100 the neckline's high.

Pattern: Lower slope Channel Down detaching from the 4H Channel Down. Signal: Short on the common Lower High. Target: 1.34680 which is the emerging Channel's LL.

Pattern: Channel Down on 1D. Signal: Long since the price hit a LL on the Channel. Targets: As shown on the chart with 3960 the most tolerable.

This is a simple Elliot Impulsive/ Correction Wave analysis of a hypothetical upcoming market recession based on the Dow Jones Industrial Average. The crash is modeled after the 2007 - 2009 Sub-prime mortgage crisis. This projection is based on the assumption that the ABC correction wave will drop lower then the (2) impulsive mark by -12.85%. The A B points are ...

Pattern: 1D Channel Up. Attention needed as the pattern was previously violated by Brexit fundamentals. Signal: Bullish as the price tested and held the 4H support (1.2706). TP = 1.2875 as long as the support holds.

Pattern: Descending Triangle on 1D. Signal: Bullish as the price tested and held the 1D support (3688). Two Targets: TP1 = 3875 (previous 4H support), TP2 = 4080 (expected high of the pattern).

Two bullish patterns: Rising Wedge on 1D, Potential Channel Up on 4H. TP in both cases = 1.4690.

Pattern: Potential Rectangle forming on 4H. Indicators supporting the formation of this pattern: neutral RSI on 4H, decreasing rate on buy indicators on 1D. TP1 = 1280 TP2 = 1276

Two patterns: 4H Channel Up inside a 1D Channel Up. Both requiring lower values (Lower Lows) to accumulate strength and rise further. TP1 = 1.14965 TP2 = 1.14400