dannydanson

dannydanson

FILTERS Trendline break Fundamental level Mid- daily range Volatility-relative ENTRY DOUBLE BOTTOM- from neckline BREAK &RETEST OF TL DIVERGENCE (from double bottom) TAKE PROFIT 1. 1:1 Of the Reversal Pattern 2.To the next fundamental level

dannydanson

After seeing the reversal yesterday spiked by the CPI news. Also a steady, head and shoulders forming, we are now having a bullish bias. (redline)-trendline break 0.5 fib retracement to a minor support zone We are also following recent bullish breakout buy to the major zone/ also top the daily range

dannydanson Updated 

1. BROKEN UPTREND (RED LINE) ON THE 4H CHART 2. DIVERGENCE (BLUE LINE) 3. OVERALL BEARISH LOOK 4. POSSIBLE 3RD LEG OF ELLIOTT WAVE We are looking to enter at point C of the AB=CD move, also around the 505h percentile of the AB move. Short to 0.725, also 100% of the AB leg **Move sl to point C, as soon as we have a significant reaction from the yellow (sell zone)

dannydanson

CONFLUENCES 1. From the daily chart, an elliot wave from the yearly low, shows we might be finishing the pullback wave of the 2nd leg, going into the 3rd leg of the entire wave. 2. From the relative low, we also see a fibonacci retracement to .618 level 3. At the .618 level, we also have a major support zone at 0.62366. So a definite reaction is expected once...

dannydanson

COUNTER TREND ON THE 4H UPTREND ON 1H .382 FIB RETRACEMENT ON THE CURRENT LEG RIDE TO 1.272

dannydanson Updated 

1. BROKEN UPTREND ON THE 4H CHART, NOW LOOKING SELLING OPPORTUNITIES 2. SECONDED BY ADESCENDING TRIANGLE FROM THE PEAK OF THE TREND 3. THE DESCENDING TRIANGLE FORMATION HAS BEEN BROKEN TO THE DOWNSIDE, AND RETESTED THE 0.700 ZONE. 4. A SELL CLOSE TO THE 0.700, AND RIDE IT DOWN TO THE 0.650 ZONE IS THE POTENTIAL SETUP #FEEL FREE TO SCALE IN AND OUT (THE MOVE IS...

dannydanson

1. BROKEN UPTREND ON THE 4H TIMELINE 2. THIS IS SECONDED BY THE DESCENDING TRIANGLE FORMING AT THE PEAK TREND 3. NOW, OBSERBING A BREAK AND RETEST OF THE 0.65 MAJOR ZONE, AS WELL AS BREAK OF THE DESCENDING TRIANGLE 4. ANY ENTRY NEAR THE 0.65 ZONE IS PREFERABLE AND SWING TO THE 0.600 ZONE. 5. SCALING IN AND OUT IS ADVISED.

dannydanson Updated 

trend analysis price action at the trend line touch

dannydanson

1. A major downtrend on daily chart has been broken; done so by an upwards forming channel as marked up on the chart. 2. We are now waiting for the channel to be respected and drawback to the 1850 zone, which will also serve as a retest of broken downtrend 3. The 24 SMMA shows long term buy (just another confluence)

dannydanson

1 BROKEN TRENDLINE ON THE WEEKLY CHARTS 2 HEAD AND SHOULDERS NOW FORMING AT THE PEAK OF THE UPTREND ENTRIES I) RETEST THE NOW FORMING DOWNTREND TRENDLINE, FOR A THIRD TOUCH (DAILY OR 4H TIMEFRAME) II) BREAK AND RETEST OF THE MINI- UPTREND (1H TIMEFRAME)

dannydanson

1. A DOWN TREND ON 4H CHART IS BEING BROKEN, WITH BULLISH (MARIBOZU) CANDLE. THE MARIBOZU SIGNIFIES THE MOMENTUM UPWARDS 2. THE 1860 MAJOR LEVEL HAS BEING BROKEN 3. IF A RETEST OF THE 1860 OCCURS, WE ARE LOOKING AT IT AS A CONFIRMATION TO BUY

dannydanson

We have two bullish gartley parterns, confirming an upward move in the market very soon