pipstrading

pipstrading

Corning Inc has formed a triangle. range narrowing down. waiting for a breakout. Be patient.

pipstrading

It is a pity that the short term bearish BAT was knocked out. Anyway, that is part of the business. Just need to look back and analyze what went wrong. A bearish BAT in the recent low price level could be a warning sign. OK. If we zoom out and look at long term W chart, it is a bullish BAT! congratulations to those who long at around 152 level.

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update on the AUDJPY bearish BAT. Need a strong bearish candle to confirm the trend reversal.

pipstrading

S&P 500 had a good rally since mid Feb 2016. It now has formed a Bearish BAT. price level wise, last W candle closed nicely below 88.6%. time wise, it just formed the pattern right at 1.382 time extension of XB. 1st Target 1995 and then 1925.

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Netflix seems to form a head and shoulder. It also looks like it is forming a bullish Gartley. Falling down to $60 and rally back to $88 or even $105.

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This pair has formed a bearish BAT on W chart. Is it a valid BAT? AB is > 61.8% of XA... Anyway, there was reversal candles. now it looks like retesting the point D level. Believe still can short now, or wait for slightly higher.

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Silver has broken the downward trendline. Long term bullish. However, there should be a retracement before the next Rally since it has moved up quite significantly. A bearish BAT was nicely formed.

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in 4H chart, we called for a short in GBPJPY this morning. If we zoom in to 15M chart, we could see a potential Head and Shoulder forming. However, the neckline of 160.10 level needs to be broken for confirmation. Good luck.

pipstrading

USDCNH completed bullish ABCD. heading towards 1st target of 6.56.

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GBPJPY Bearish BAT, 300-500 pips potential. Short at spot. stop loss above 162.

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what is next for NZDJPY after hitting TP1? Range within 75-93 or go down to 63?

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If you dont look at the long term W chart, you might have missed the chance to short USDCAD to enjoy the 2,000 pips profit. Is this considered a valid Bearish Gartley? We saw significant price action to fall at 78.6% retracement and then now hit target price 1. However, AB is less than 61.8% retracement of XA. Is it just part of the way to complete the bearish...

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USDJPY formed a nice bullish ABCD from 1998 to 2012. The BULL started then in 2012. It has hit both Target 1 of 38.2% and Target 2 of 61.8%. Where is it heading towards from this zone? will it go all the way up to 155? possible. if it happens, Nikkei will hit historical high. Haha. Or this pair may just consolidate between 104 and 120. Let's see.

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Eurusd has good hamonics since mid 2015. It first formed bullish BAT. Not sure whether you all managed to catch the long or not, but it has been a nice 3 month BULL run since Dec 2015. Anyway, it has now formed a nice bearish Gartley. the pattern nicely completed at 1.382 time extension of XB. then started to fall. First target 1.11 area. 2nd target 1.09. Euro...

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NZDUSD has formed such a nice bullish Gartley and double bottom at 0.64 level. Missed such a great chance to LONG. It has broken the downward trendline. However, it is disappointing that it doesnt hold the 0.69 level last week. Otherwise, the double bottom neckline will be considered officially broken then call for a BULL. Now, it seems to complete an ABCD and...

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GE has formed an amazing bullish BAT. It took 27 years! GE has hit first target, moving towards 2nd target of $40.

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This stock demonstrated very good harmonics. No wonder with a stock name "Harmony". The price trend is very similar to GOLD price. It is clearly that the price has broken the downward channel. Looking forward to a pull back of 61.8% then long at $2.

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Hawaiian holdings just completed a bearish ABCD (an ugly ABCD though..) That triggered the significant drop last week. It should continue to drop to test the yellow upward trendline. If it breaks, it will move towards to 2nd yellow upward trend line. Price target stated in the chart. Good luck.