AB=CD in confluence with 1.272 extension and near the 61.8 retracement from last major swing. If price goes a little lower from where it is right now, this might change, I will try to update it to find the best spot to enter the market.
Well the chart is very clear, and the mechanical progress of SP500 has proven itself for the last 4 years. Therefore before the end of the tappering process, we may very much be faced with such a scenario. To be confirmed of course.
In addition to already published Trade Idea, this chart is to draw the attention of people for trade opportunity which will give the smallest risk for big reward. Stops @ 138.45 will do to know we are wrong....so trade accordingly & have fun.
1.Deep bearish cypher 2, AB-CD 3. RSI overbought with divergence 4. 1.50 even handle 5. Fib. cluster
Price has pulled back to support just above the 50 SMA, with a 61.8% Fibonacci retracement from the recent swing low to swing high in place as well. So, I'm going long here at 8625, with my stop at 8565 and my target profit at 8875 --- a target based on an AB=CD projection. www.informedtrades.com
Here is a note to myself that I want to share of yesterdays trading setup on a bearish ABCD setup. I took this trade because I missed the hourly Cypher pattern that completed 2 days ago. The emotional part of trading is the most difficult part. Yesterday price touched and rejected T2 3 times. My trading plan allows me that when T2 has been hit I may exit the trade...
Price has now traded the first target of ABCD pattern that was completed Apr 4 and is standing close to the horizontal neckline of the H & S pattern at 1,5025-30. The mini target of the whole ABCD stands at 1,5120 level. Technically, A retest of the neckline will either confirm or reject the H & S pattern. Selling into this S/R zone, stops needs to be placed...
**BET** The light grey box shows an excellent area to be short from in EURUSD. Price might just not reach this area in time for my target, but I have an eye out for this trade
I'm a long-term bull on gold who anticipates gold's price rising to at least $5,000 -- an estimate I regard as very conservative -- and so I am happy to continue accumulating at well-established support levels. I believe the recent lows of $1180 reached at the end of 2013 constitute a major support level, the recent highs of around $1380 established in mid-March...
Price has completed a full ABCD pattern from Sep 2012 and also a minor ABCD with 161 extended D-point. Since the price has been attempting to reach targets. First target was the full swing CD move of minor ABCD. The technical target hasn't been reached yet (1,0790). One scenario is more bullish. Since price completed the large ABCD prematurely w a fast latter CD...
**WT +99 Pips**Taking an aggressive C sell position in NZDUSD into Resistance. This trade aligns with the short position I am taking in NZDJPY. Aggressive C entries, are exactly what the name implies. AGGRESSIVE. I do not take aggressive C positions unless I have strong signals to do so.