Technical: Price action bounce off right after touching the 2.618 fib level, well beyond the 2013 support level. If you look left this level is very significant during 2013, a couple of bounce occurred in this level. Today the price is courting this level again. Based on what we have now in the fib line i would consider buying this pair. If you would...
Description is on the chart. Expect a small re-tracement up. but this should be generally short. if the pair breaks above close above the prz, ill be buyers. Short for now.
The Pair GAP largely on this pair. I am expecting a further move downward to the .50 Fibb level. Represented by the Pink box. Entry to this trade should be done cautiously, use your own strategy to enter. as for me, ill wait for the RSI, or the price to reach the 1.63000 level blue box. if the price breaks and close above it ill be buyer, if it fails to do that...
How about that! I posted this a few weeks ago and now look at it. Guys looking for the wave up, this could be your chance. Dont enter just yet. Lets observe this further, the price movement down is very strong thou the RSI is over sold this could still go down. So dont enter just yet. if the price breaks above the AB=CD close above it. Then we can be buyers....
I'm not saying that you should not observe the PRZ, I'm not saying that this pair does not have 3 confluences, I'm not saying that this may be a cipher, I'm not saying that this might be a signal for a buy at the PRZ after it test the whole area and breach above the AB=CD. What i am saying is im not telling you anything about this chart.
This is my first Apple Post. Testing Harmonic Trading on Stocks and trying to see how it would fair in the stock market. So just ignore this post if there are flaws in my projections.
Here is a cleaner version of my chart for this pair. First we must consider the RSI level which is low but it don't mean that it cant get any lower, just be mindful of it. Second the fib projection of the C leg is definitely lower than previously plotted, expect the market to test the whole PRZ before any redirection, however pullback is eminent at any time now....
Lesson for this chart is patience: Wait for a break below close below of the two green line.
I love this charting package so far this is the best free charting tool for me, so more power to "tradingview". Now lets get back to the chart; As i have posted a few weeks earlier on this chart my plot of its downward trend should end at the PINK PRZ but. as we can see there is now a gap of price on top of the PRZ, telling me that this pair is still going south,...
Observe the price action on the PINK PRZ, This could be a Short Short Trade. Up to the orange line, before this pair continues to go up. I will enter the trade if the price action breaks below close below the 103.491.
On this pair here is what i think is going to happen: First the pair would go short until it reach the 382 of the july 8 2013 trend up. Now im not saying it would go beyond that but im not saying i wont. Depends on the price action, now we should take profit in that area after making some in the short trade. Observe that this is a weekly chart and if we are...
Today the EURUSD is giving us a possible short trade before the long awaited market continuation, The RSI BAMM is confirming the move lower, a possible retracement may occur but the trend lower will continue until the price reach the bottom of the AB=CD pattern. To trade this we must observe the PRZ price action so that we can identify if the pattern is correct....
The pattern went south so this will give us new opportunity to trade as the market takes us. The projected stop is at the end of the d leg, along the PRZ, if you want to play it safe, wait for the market to retest the B point and sell it there. When the market reach the PRZ, observe the price and then Buy it there.
Well this is embarrassing really, in my post on the 4hr time, the abcd pattern showed me the PRZ, and i was observing the price action in that zone, a few days ago it was showing a sign of trend reversal but as you can see the market went lower showing that the market can do whatever it wants and we cant be correct all the time. So it is imperative to observe the...
This is EURUSD 4h. This is a great opportunity for getting long in this trade as evidence by the price action in side the PRZ, the whole PRZ is tested but not breach meaning that the previews level on the left, as Jason Stapleton always says "Look Left structure leaves clues" and akil also says that. The level is holding. RSI is climbing so we should be climbing...
This is an update on my previews post about my technical analysis of this pair, as you can see comparing from my previews post, we are now trading in the PRZ note PINk BOX. Looking at the price consolidating at that line just below the 886 is telling me that the market is hesitating on its direction, the RSI is also over sold. What would happen? To me according to...
Yesterdays pattern wasn't completely invalid, i am still long bias in this, as you can observe the changes in the pattern indicated by the PINK line also moved the PRZ a few pips above its original position, just because the C point moved at almost 886 but the pattern is still the same. We should wait until the prize hits the PRZ then decide to enter there...
This is my technical's about this pair, this could still be change depending on the coming price action, however this is what the chart is giving me now. If the price reaches the PRZ then we should observe its behavior in that ZONE if it stalls or weakens or the price consolidates in that zone accompanied by oversold condition in the RSI we should expect a LONG...