Confirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 (on this case 0.5) - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) - Third TP would be long term to previous...
Confirmations for Gartley Pattern - A-B must touch 0.618 but cannot touch 0.786 - B-C must touch 0.236 but cannot exceed A - D completion at 1.272 (Trend Extension) or 0.786 from normal measurement - take profits at 0.382 and 0.618 (Fibonacci from A-D) Good Trading
2618 technique - double top - measure bearish impulse - retracement at 0.618 and sell - TP at -0.27 (previous support) Double Top + 0.618 = 2618 Good trading
Bearish Butterfly Pattern - A-B must touch 0.786, but cannot exceed X - B-C touches 0.382, but sometimes goes further (does not exceed A) - ABCD formation. D has to reach outside X and touch 1.272 or 1.618 (on this case it went a little higher because of Euro news) - TP 0.382 TP2 0.618 (Fibo A-D) X to D distance is 1.618 (1.618 golden ratio!) X to B distance is...
At left side ABC pattern was completed which gave us that Elliott Impulse for completion at top, now we got a Double Top with 2618 setup - double top - measure impulse - retracement at 0.618 - TP at -0.27 and -0.618 Double Top + 0.618 = 2618 I expect price to be bearish at this point. Good Trading. -Daily Chart
2618 technique - double top - measure bearish impulse - wait for retracement at 0.618 and sell - TP at -0.27 (previous support) Double Top + 0.618 = 2618 I drew some bars showing what I expect price to do. Good Trading.
Confirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) Look how X to B distance is 0.384 (around 0.382!) A to C distance is...
Confirmations for Elliott Impulse: - 5 clear points - 1 and 4 at same price (0.618) - each retracement was confirmed with Trend-Based Fib Extension Now after an Elliott impulse, there's always some type of consolidation, which is what we got with this bearish breakout. I measured bearish breakout by placing 0.236 right below and we can see how it went straight...
I measured bearish impulse by placing 0.236 right below ABCs and we can see how price retraced around 0.618, at this point I expect to sell the breakout all the way to previous support where -0.27 is, with Trend-Based Fib Extension I confirmed area with 1.618 around -0.27. MACD has a strong resistance at top, which confirms bearish impulse. Good Trading. -4h Chart
First we got a pretty good resistance with a double top, which means we have a possible 2618 trade: - double top - measure impulse - wait for retracement at 0.618 Double top + 0.618 = 2618 technique I measured bearish impulse so I could confirm areas with some Support & Resistance and we can see how each pattern or consolidation was formed around those areas, even...
I measured impulse by placing 0.236 right below ABCs and got 0.618 resisting at top, right where it went bearish and as we can see previous supports. Take profits are at -0.27 and -0.618 I used two Trend-Based Fib Extension (triangles) to confirm areas - first red triangle confirms ABCs area with 1.618 at 0.236 - second blue trangle confirms -0.27 (first TP) with...
Confirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 (on this case B is at 0.5) - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) At this point I expect Bitcoin to be bullish...
I managed to find a Bearish Bat Pattern with some confirmations: - A-B must touch 0.5, but cannot touch 0.618 - B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236 - D completion at 0.886 (Fibo X-A) - take profits at 0.382 and 0.618 (Fibo A-D) We can see how point C reached exactly 0.618 and bounced towards 0.886 where -0.618...
I used Support and Resistance to observe points of interest and we can see each price si respected with a previous support or resistance, at first there's a perfect flag been completed, measured impulse by placing 0.236 at the top of consolidation and traded up trend to -0.27. After flag there was to much consolidation and formed an Ending Channel, on this cases...
I confirmed bearish impulse thanks to that retest becoming a double top, by folloing impulse with fibonacci we can see it retraced exactly at 0.618 and went down trend confirming 2618 trade, for this trade take profits are at 0 and -0.27. (Double top + 0.618 = 2618) After more analysis I managed to find a possible Running Flag, I measured bearish impulse by...
Tried to update my previous idea on AUDJPY, but for some reason it doesn't let me update, idea will be on related ideas at the bottom if you want to see. First on the left side Bearish Impulse is completed at -0.618 and retested right away to complete a pullback (entry between 0.5 - 0.886) in a Bullish Impulse that was completed at -0.618!. After two great...
Confirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 (on this case B is at 0.5) - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) Look how X to B distance is 0.381 (around 0.382!) ...
I used Wave Analysis, Trend Analysis, Indicators and some Support and Resistance to verfiy everything. First on the left side we can see a pullback on a bearish impulse, measure impulse placing 0.236 right below pullback and sell limit at 0.5 or Sell Stop at 0.236, you can see there's a tiny wick, but price respected 0.5 retracement and went straight down to...