I am expecting short again near the channel line like before we were selling this pair every time whenever price came close to the upper channel line again we have the same setup. Please remember if price break up with strong impulse and change the structure and patterns then i will revisit my idea and will look for the particular pattern and structure so far...
Central banks are (again) helping bulls by keeping the stimulus active until they see higher inflation - according to rumors and speculation of the last three days, ahead of the next ECB meeting this Thursday, October 20, 2016, where Mario Draghi might surprise the market to the upside again, after the reaction to the last meeting was a falling stock market. This...
I am expecting short in the flat channel and breakdown of this flat channel is also possible. I will look for price action once price will hit the bottom channel line.
I am not expecting breakup this flat channel
sell break out of the trendline or if you are aggressive and risk taker, you can enter on 88.6% fib too. This trade is based on my previous analysis of this pair, the link is in "related ideas" !
Silver is correcting for now as a Flat correction. Down side is possible till 18.50 from where expecting it go higher above 21.50.If it continues to go lower below 18 then it probably might be doing something else and invalidate my analysis. Looking for reversal and buying opportunity around 18.5 levels. Details are on the chart. Happy Trading!! Siraj Hudda,...
we are still in a giant flat. white rectangles show possible repeat of PA. good to short on a pullback to broken trendline let us see.
Divergence from minor bullish channel. Follow your rules.
I have noticed when price action gives me a set up like this that one of three things usually happens if price action retraces close to the original retracement. 1) It bounces back up to test the previous highs 2) It blows through and creates a double top 3) It bounces 1/2 way back and then disrespects the zone. I like to wait for a close in the zone and then...
I think the flat correction is about to end and we will see an impulse wave to upside soon. I'll be a buyer at the break of correction happening after 2-4 trendline breakout or after break above the wave 4 of Y wave of the flat.
I'm waiting for break out of the trend line for several sell setups.
Actionary 5L impulse ending 0.0151311 is a subdivision A of the ABC continuation of a leg A in a higher degree ABC packed into leg Z in an uber-extreme exsatough mind-melting gigantesque triple zig zag combination. Both green ABC and blue ABC are poised to reach much wider price range than they seem at this time, leaving a room for bear continuation up until...
It is a good time to try flat-trading strategy. Price bounced from Support Line and at the same time from Bollinger Bands. RSI and MACD confirms reversal. The other thing we should take into consideration - DMI indicator, where ADX should be below level 20. We meet all conditions for opening Long position with Targets - MA 20 and Bollinger Band.
this correction pattern is about to end. its a flat type of correction. "STILL" it has room for more upside, maybe for making an ending diagonal. I will be a seller only at a break below wave 4 shown in the chart or if it goes more upside and makes an ending diagonal, I will enter upper on the break of ending diagonal
The last down wave has unfolded as a final leg Y in a regular flat. Meaning eth could be seeking higher tradable levels. Confirmed double three structure logically justifies a rally to 0.028666666
i will be a buyer at 1.38513. a break out of that level is a trigger for long setup to complete C wave of a flat type of correction. and a break below 1.37188 is invalidation level although still (after breakout of that level) there is a little chance for an up wave as a flat correction.