mstmehmood

mstmehmood

In this chart, I'm expecting a future bearish trend. The basis for this analysis was based on the inverted cup and handle that I saw - which seemingly has a high probability of success. I've placed the stop loss above the previous high and placed the sell stop below the neck line. The projection is the distance from the midpoint to the top of the curve. I've...

mstmehmood

In this chart I've identified an AB=CD pattern. I've looked for divergence and didn't find any. The expectation is that trend should stay bullish. Another important point was the retracement of C which was close to 0.382. There were also 3 white soldiers quite prominent at the buying price which is why I decided to go for an instant buy. Let's see how this one plays out.

mstmehmood

After no rate hike today, I opened this chart and identified a bearish divergence (which was expected). I've placed a sell stop order below the previous low and stop loss above the previous high. Risk was at 2%. Let's see how this one plays out.

mstmehmood

In this chart I've identified a double bottom along with bullish divergence. I'm expecting the trend to go bullish. I've placed the buy stop order above the previous high and placed the stop loss slightly below the noticeable low. Let's see how this one plays.

mstmehmood

In this chart I'm expecting the graph to keep going bearish till point D - which is a potential reversal zone. Here I'll be expecting the movement to turn bullish. I've implemented the same philosophy that I previously used for my AB=CD pattern. Let's see how this one plays.

mstmehmood

In this chart I've identified another AB=CD pattern. I'm expecting the chart to turn bearish with a reversal at area signified near point D. In this chart I've placed the trade according to the basics that I've been following - 2 levels of profit. The order placed was buy stop, right above point B and the stop loss right below point C. Let's see how this one plays.

mstmehmood

In this chart, I've used the AB=CD pattern analysis and identified another potential trade (sell stop). Stop loss is placed above point C. I'm expected point D to be an area of potential reversal. Let's see how this one plays.

mstmehmood

In this chart, I've identified another AB = CD pattern. I've tried to mitigate the stop loss and I didn't put it above C, I put it on the green candle I saw below C, the reason is because I want to stay within the projection of CD expectation. If I kept my stop loss above C, the projection was going to be dismissed. This is also the reason that I'm keeping only 1...

mstmehmood

In this chart I've attempted to place an AB=CD Pattern trade that is learned in harmonics. The retracement of B looks good and there is no divergence. I've placed an immediate sell order to play the projection to point D. Point D is also the expected reversal zone. I plan on taking another trade after D is hit. Let's see how this one goes.

mstmehmood

In this chart, I've seen a bearish flag which is a continuation pattern. RSI is synced with the price and so there seems to be no divergence. I expect the chart to keep going bearish. The projection is the size of the pole from the point of break out. I've placed the stop loss above the previous high and sell stop below the low of the flag. Let's see how this one...

mstmehmood

In this chart I've identified a bullish rectangle continuation pattern. I expect the chart to keep going bullish and so I've placed the buy stop above the resistance level and stop loss below the support level. Let's see how this one plays out.

mstmehmood

In this chart I've identified a bullish rectangle. I've placed the stop loss below support and my buy stop order at the break of resistance. Let's see how this one plays out.

mstmehmood

In this chart I've identified an inverted cup and handle continuation pattern. This signals the continuation of the downtrend. I've placed my stop loss above the previous high and my sell stop below the mouth of the cup. Let's see how this one plays out.

mstmehmood

I've believe this is a bullish rectangle, which tells me that it could be a bullish continuation pattern. I've checked for divergence to increase the probability of a successful trade. Buy Stop was placed above the resistance level and stop loss was below support. Projection for this is the distance from support to resistance. Let's see how this one plays out.

mstmehmood

In this chart, a rising wedge has been identified. I've checked for divergence before placing the trade. The projected fall has been shown via the dotted arrow which is equivalent to the base of the wedge (distance between the high and the low). Given my expectation that the trend might turn bearish, I've placed the stop loss above the resistance level and...

mstmehmood

In this chart, a double top has been identified. The bullish chart pattern is expected to go bearish. I've confirmed a high probability of a successful trade by checking for divergence. Stop loss is placed above the resistance level and sell stop is placed below support. Let's see how this one plays.

mstmehmood

I've identified a double bottom in this chart, which correlates to an expected change in trend, from bearish towards bullish. After validating the correlation via checking divergence, I've placed a buy stop trade. Entry point is above resistance and stop loss is below support. Let's see how this one plays.

mstmehmood

I've identified a Double Top in this chart and expect the trend to turn bearish. I've placed a stop loss close to top and entry point is right after the identified breakout point. Profit levels were taken using the same methodology that I've been following since the start of my journey. Let's see how this one goes.