Its broken through one trendline and barely holding on the other. Not sure if it will break or hold at the moment. A breakout would be a fair change of trend.
Nice confluence of a potential bearish Butterfly's D point with a structure already broken to downside (which is also a Fibonacci cluster level)
Bullish bat complete at point E of a triangle continuation. Entry is placed at point E of triangle with SL below point C (invalidation level). Two targets can be taken, one at the weekly pivot which is confluent with .5CD and another at the top of the triangle thrust around 3.75.
Analysis: -4hr AB/CD termination ,followed by short term pullback to Continuation zones -broke daily resistance expectation .now price finding support at that point expectation : price to retrace to this level followed by a continuation after the NFP release Confluence- -38% AD leg -127% ab/cd extension -pivot -daily support -78% CD leg ( demand zone ) -4hr...
I've moved my trade across from GBPUSD to GBPJPY with the looming FOMC etc later this afternoon. ABCD with CTL breaks on the way up. Bulls appear to be in control, collecting stops on the way up. Confluence - D1 completion (127% Fib extension of AB) - 161.8% Fib inversion of BC - 161.8% Fib extension of part CD move - Previous Weekly high - 127.00 round...
Good morning traders, This is our view on Gold for today Thursday 28 January 2015, from SBSTOCKS.COM trading room. I'm so excited today as this is Thursday, usually we get very impulsive moves in the direction off previous trends on Thursday. GOLD IN A NUTSHELL: The GOLD XAUUSD is trending UP for more than a week now, if you look at the chart, price action...
USDCAD Continuation of the Impulse
AUDUSD has recently broken last support around 0.6950 and after a continuation pattern (in blue) could be targeting 0.6200.
Traders, Good opportunity to go long on USDCAD. Cypher D completion @ Previous Resistance level. The Trend is up. Good luck.
USDJPY has completed wave 3 of a potential 5 wave structure. The pair has broken a trendline to complete wave (i) of 5 and is retesting the trendline at the .618 retracement To add resistance, the 200 EMA and SMA lines sit above price and below the SL level. The daily pivot may also add resistance near entry. Entry is placed at 61.8% retracement with SL above...
AAPL has completed a five wave impulse and has been in a pullback since February 2015. Since wave-(A) was a three wave move followed by a pro-regressive 3-wave (B) rally, we can expect wave-(C) to be counted as five waves in a 3-3-5 flat. At this juncture, it is difficult to predict how deep price will consolidate after wave-3-of-(C) completion, but we will...
EURUSD may be entering a strong rally through wave-iii-of-(iii), providing an opportunity to take a long position with a R/R of 9.36. The larger C-wave is an expected 5-wave impulse considering wave-A was also counted as 5 waves (5-3-5 zig-zag). Since a bullish 5-wave-(i) was corrected by a zig-zag decline and a price was rejected at the .786% retracement of (i),...
Last big swing since 2009 look like very similar to previous swing (2000-10 - 2009-03), just higher in channel up direction. If consider that it can be the same length - yet 18 month left until same period. Same goes to price - it is in the middle point close to all time high and low Fibonacci 50%. We see two possible support zones at confluence of Fibonacci...
It appears that all of the stars are aligning with this pair. - bearish channel has been respected. - 618 retracement has been respected. - major resistance. - hanging man candle formation. - 127 extension targets align for impulse legs 2 & 3. - targets align with previous major structure. I am anticipating this to be less than simple as it's such an obvious...
My last post on AAPL, I called the washout when they released bad news about a weak demand in Iphones, here we have consolidated on our trendline. This is a bear flag continuation pattern, that had a confirmed breakout into the close here and with strong selling volume. Im short right now and hope to see it take down the low (green line). Get short n place a tight...
All I care about here is that green dotted resistance line. Once we can get a 30 mn candlestick to close above that line then we can setup a long trade. If the candle never closes above I don't to trade it. Heres why I think this has a chance at rallying. 1) Closed red on the year just a few days ago, first time in a long time. 2) Sentiment in market is fearful,...