This could take us up to the 88.6% Retracement i would buy half of what I would normally buy here and I'll buy the rest if it pulls back more. Stoploss below the level of the right shoulder. In either case my profit taking level will be the 88.6% Fibonacci Retracement.
We have some Bullish Variables at the 200 Hour Moving Average Suggesting a reversal and a move up that could be part of one big 1 HR BAMM that would take us up 30 percent from entry.
ARKK has broken through he B point of this potential Bullish Bat and has tested it as Resistance we look to be ready to complete the CD wave to the downside and reach an 88.6% Retracement. I suggest some Near or ITM PUTs expiring around several weeks from now.
We seem to be bearishly breaking below an Ascending triangle and the RSI is breaking trend as well just as quickly as we went up we may come right back down.
A while back i uploaded a chart pointing out that silver was partial rising within a trading range and that the next time it hit the bottom of the range it'd be much more likely for us to break down and today here we are. I'm reuploading this chart as a relevant reminder of the impending breakout. I expect that we should get a move down to the .786 and .886...
I was riding this one up since it was at 3 dollars and potentially targeting $15 but it seems to be showing signs of weakness up here and may come back to our original entry level and for that i am taking profit early and preparing for a deep correction on MANA all the way down to the 1.618 Fibonacci Extension.
Many weeks ago we were at the bottom of a daily broadening wedge and the target for a breakout was at around 1.78% now we have made substantial further progress in reaching that target of 1.78 as we have bounced from the bottom of the wedge at 1.12% all the way to 1.7% before we had a minor pullback. The current situation now is that the Daily after pulling...
There is a Higher Low Double Bottom going on here with some Bullish Divergence on the RSI and the RSI going over the 50 line as we Breakout of this Wedge. My target will be the .886 retrace
Potential BAMM is found using Secondary Derived Retracement 0.382 from Point B at MYR 2211 . Expected PRZ at MYR 3192 within the next 469 days. Related : Bat Action Magnet Move BAMM Theory Educational (Source Code) Harmonic Trading Ratios Educational (Source Code)
EURAUD looks to reverse from the lows this week. Once it breaks the slanting tl, it could start a BAMM move which will complete the big bearish bat. Traders can look to buy this move and wait for the bat to complete before shorting. If you choose to short the bat, SL has to go above XA 1.27. Targets will be AD 382 and 618. Last week was a week of waiting,...
Here on the Pound Cad (GBP/ CAD) we have a Bat pattern fomring. the 1618 over extension of the ABCD pattern lines up perfectly with the 886 XA retracement . The 2.0 CD point is just a few pips below the 886. expect PA to rush into the PRZ to complete the pattern as this is the BAMM effect!. Happy trading!
AUDUSD might be completing a bearish bat in the coming week. Whether this pattern completes has to depend on the NFP data tomorrow. It is likely to be bad, causing stocks to fall and USD to inch higher. However, if the data is not as bad as forecasted, we might see a temporary rally in stock prices and a fall in the USD. My objective is to 1. Short after...
bamm trade will be stop if price goes up to point C.all other descriptions are on the chart.
AUSA holds 8M shares of BAMM, which has increased by 4x + in the past few months. This will be reported on the earnings which are expected out May 28th to 30th.
Looks like BAMM is consolidating on the 15 min and getting ready to push higher.
After a 3 month long consolidation with-in a pennant US Multi State operator, Body and Mind: BAMM:CSE or BMMJ:OTC has broken out bullish with increasing volume and price CSE:BAMM . Fundamentals of the company are strong, with significant operational growth in the past 2 quarters. financials are due out soon and should begin to reflect the growth in operations....
AUDUSD BAMM +double top Target is on the chart.
Hi, my friends, this is a new opportunity for entering a short position in a current trend, this is a pullback to the previously broken support. also, this analysis is related to my last analysis on NZD/USD which was BAMM trading strategy