I had some time on my hands so I decided to take a look at the EURUSD daily chart and an opportunity for the longer term. We have a possible AB=CD pattern (with 0.318 retracement) setting up terminating on structure level around 1.26300. Drawing Fib extensions we also have a 1.618 and 2.618 confluence at the same level. If this level holds, I'll be looking for a...
We can see ABCD pattern in H4. The D point was completed near to the daily support zone. The other confluence is the false break of the support zone (look at the long wick bullish candle which completes point D). Entry, stop loss and target are on the chart. Note that there is also a potential bearish cypher pattern with potential completion around 1.1238. I did...
Nice AB=CD pattern coming up with 1.414 and 1.272 extension confluence at an even 1200. Opportunity to go long ? Don't hesitate to share your thoughts as this is the first idea I publish :)
Hello again, Here I'm taking a look at Apple stocks once again. Nothing unpredicted, As you can see from my previous idea I highlighted a zone using fibonacci relations for the price reversal. Now I has bounced off of that area. We're currently sitting in the A leg of an ABC correction move. If you're a short term trader you can look for shorting...
this morning i posted a trade on this pair stating that we are looking for targets at the 1.618. however we are seeing a slight pull back that may scare a few folks into pulling out too early. this morning i mentioned a bit about pattterns always completing, so i'll show you what i mean and why you should stay in till target. look where i placed the black arrow....
Kiplingers had an article on airline stocks that opened with "There's an old wall street joke about how to end up with $1 million worth of airline stocks...Start with $10 million." "In 2000, nine airlines controlled about 80% of the U.S. markets. Today, just four companies control about the same percentages." Looking at the major players American Airlines...
This is one of those trades that most persons will love, the type that jump out at you. Price moved last night from the previous high 61.8 retracement and fell exactly to the 1.27 extension. then we are now having a pull back. Measure AB=CD and you will find that price lines up exactly at the 1.618 extension. know this about AB=CD, they always complete, i don't...
Some days ago I published a similar idea () which still looking good picking up more significat "pivot points".
The bearish equal leg ABCD has been completed @98.55. Perfect fib confluence 200 (96.17-93.92) and 161.8 (AB leg 97.11-95.01) with RSI divergence
Why geometry works with numbers ... well, I could show you some of the stuff I have been working on, and numbers... regardless as how random or linear they may seem, have value associated.... sort of like Karma. Guessing when your going to get your Karma, is Forex ... a fickle bitch. The chink in this armor, is pretty straightforward... follow the trend. Guessing...
The following ideas hinge on price breaking out of the current set of triangles to the down side. We've got two concurrent triangles, one symmetrical, one descending. It is not scandalous to state that our over-all trend is still down since $650. A symmetrical triangle will break in the direction of the over-all trend 75% of the time, while a descending triangle...
Buy oppurtunity at perfect bullish Cypher completion then trade management looking for this ideal scenario to happen.
This could be a level for retracement, or maybe not. Don't know. I certainly will try longs. Next level is 31. RSI in extreme oversold area with divergence.
Could be a definitive EW4 with RSI div. although wick below 50fib. still closing above. A beginning of EW5, perhaps? We'll see this week.
Hit the 161.8 of AB on this completed ABCD, 113 acting as res. from previous high. Both determined the 3rd wave, PA turned down for a ret. @50fib., broke out of the narrow descending channel towards completing wave 5.
EURUSD has completed an AB=CD move towards the down side thus giving a bullish signal with an excellent risk to reward ratio. The point 'D' impeccably lies on the weekly and daily support and resistance levels which should probably evidence the hard bounce back up in the following days. First scenario being the stronger the support levels, the higher the bounce...
Price rejected by structure and possible formation of an AB=CD pattern completing in the same zone of a bigger bullish Cypher.