stockmarketdaytrader

stockmarketdaytrader Updated 

The euro is about to break out to the upside. We have a continuation pattern at play! Inverted head and shoulders has formed, price is reaching to break the neckline. We might have a 123 pattern at play here.

stockmarketdaytrader Updated 

We have a confluence of events occurring right now, price action has just rejected the main pivot point and started to drop, Multiple signals telling us this is true. We have multiple head and shoulders pattern on higher time frames! Looks like the longer 4 hour trend line has been penetrated, alerting us a drop is coming! Daily chart formed railway tracks which...

stockmarketdaytrader Updated 

We have a great pattern here, after price breaks the neckline, thats a great place to sell!

stockmarketdaytrader

We got a break out in affect, price action broke out of a pivot point area with a 123 pattern, we have inverted head and shoulders in place, we have a trend line break. Price found support at a pivot level and started to rise! should be a quick 20 pips !!!

stockmarketdaytrader

I alerted yesterday to this trade, if you had some patience, you would be collecting $$$ today. There is still room for more downside movement! 1st Profit target is $0.7404. 2nd Profit Target between S1 pivot and S2 $0.7387

stockmarketdaytrader Updated 

The Australian dollar doesn't seem to be letting us down with our technical analysis knowledge. It seems that it likes the law rather than not like it! We have an interesting pattern that's been formed, and that's the head and shoulders pattern! The laws of technical analysis teaches us that, when and if price action starts to break the neckline, you should be...

stockmarketdaytrader

Here;s a great chart, if you can wait for it. We have 2 head and shoulders back to back, second head and shoulders is inside the big right shoulder. Perfect trade setup, price broke through the neckline confirming lower prices, and 5 lots for a sell trade will make a nice profit! Railway tracks on the hourly chart telling us get ready to sell, and price also broke...

stockmarketdaytrader Updated 

We have a 99.7% probability that a pattern just formed, which will drop prices!

stockmarketdaytrader

We have what looks like an inverted head and shoulders pattern! On the daily chart we have a formation of a inverted hammer of sort, this tells us price will look to head up for just a bit, because overall idea is still down from the daily chart! 4 hour chart we have a 123 bottom pattern, we also have a trend line break there, its supporting a move higher! On the...

stockmarketdaytrader

This pair had a nice run up and looks like price needs to head back and relax for a little bit. On the daily chart price action just hit a neckline, which is a resistance area, its fair to think price will fall based on that reason alone, but, we have other supporting elements that tell us prices are dropping! On the 4 hour chart we have railway tracks that formed...

stockmarketdaytrader Updated 

We have a huge inverted head and shoulders that price action has just breached! On the 4 hour chart we have a 123 pattern, I can also see a continuation pattern is proceeding up! Price action has found support in the form of a spinning top and started to boost up right after! Very important break on the hourly chart, its very strong signal to buy right about now!...

stockmarketdaytrader Updated 

We have a major candlestick on the daily chart, which say prices are headed up! I can see 2 back to back inverted head and shoulders patterns, major signal for buying! Price action started to consolidate right on a pivot point level, and the text books say it is finding support there! Major railway tracks on the daily chart, another very powerful signal to buy! 4...

stockmarketdaytrader Updated 

Pound just found support at a pivot point level and should now boost its way up! Daily chart has inverted head and shoulders pattern inside another inverted head and shoulders which price action already breached, 2 strong patterns back to back, it is in a continuation pattern, a very strong one at that! We also have a spinning top on the daily chart, that only...

stockmarketdaytrader Updated 

We have a head and shoulders pattern that's being visible, price action started to run for the neck line! Price action has found resistance at a pivot point in the form of a double top formation. This is very strong signal to sell! I have extended the neckline, as soon as price action breaks in, sell sell sell! The strong resistance area coincides with other...

stockmarketdaytrader Updated 

We have a few signals going off this morning, we have a broken neckline, and another neckline about to get penetrated! Inverted head and shoulders is visible, it just needs to be confirmed! The second neckline corresponds with a pivot point level, so when that neckline gets broken, it will be a strong signal to buy! On the hourly chart price has found support at a...

stockmarketdaytrader Updated 

We got signals sounding off right now, I can see a head and shoulders pattern being formed, we have a trend line break occurring. I have set up a neckline, if and when price action breaches this line, this will be a good entry to sell! We have multiple head and shoulders in affect right now! On the 4 hour chart, we have a specific curve occurring, price action...

stockmarketdaytrader

There is a continuation pattern in affect on this pair, we have the formation of the first leg, now price action consolidated and waited for MACD to head back to zero line, it will now continue the move down! Leg 2 is coming soon! Price found resistance at a pivot point area and started to come down! Lots of confirmations of direction! I can also see somewhat of a...

stockmarketdaytrader Updated 

I see huge head and shoulders pattern, and price action has started breaching the neckline. The lower time frame charts are showing another head and shoulders pattern which again has been breached. On the 4 hour chart, price has found resistance at a pivot point level, and started to come down! We have a 123 formation which price action has already confirmed! on...