In this idea I show you how I trade swing failure patterns. This is good for any time frames but lower time frames are preferred. Very simple idea yet works pretty nicely. Let me know what you think.
Full credit initially for this chart goes to JoeBu on Trading View. He was kind enough to share his initial chart with me. This is an updated chart following my last chart on the failure of the megabull that occurred after January 15th. This chart is my predictive forecast on the occurrence of the next Megabull cycle after our latest failure at the double top...
Risk aversion encourage price of yellow metal. Sharp rally started at mid January may be regarded as third wave. However, such a strong move may cause "failure" fifth wave, which does not move beyond the end of the third.
Just as the Bears failed at 2040 the Bulls have failed to take out the high at 2135. Back to neutral as the price and technicals could not confirm a new uptrend. Another failure to take out the highs would bring another test of 2040. A break of 2040 with further technical breakdown could potentially take the SPX down to the October 2014 level.
NGAS Natural Gas Three Little Indians Price Failure - Reversal Pre market dump and possible reversal based on minute candle patterns.
#AUDCHF Cypher Long Idea 1. CHF has suddenly taken a flight breaking previous resistance so it is in bullish mode at least for short term. 2. Cypher Pattern 3. Both 50 sma and 200 sma in the region
I still say this one could go either way, but the market is starting to show a clear bullish preference based on the ascending triangle we appear to be in. A break above recent highs would create a good long opportunity and a break below recent lows would break the bullish trend and confirm bearish targets outlined on the chart. I'm marking this idea as "long"...
We have what looks like a perfect inverse H&S forming, but the price looks weak on the right shoulder. Breaking $220 and invalidating this H&S is a very bearish signal, opening up to further downside targets, the first of which is at the recent low with even lower targets still possible. In the event that we break the neckline at $245, we can then consider...
Hi traders, As I just showed few minutes about the AUD/USD, I am looking NZD/USD to see a reaction at the line of the channel which has been in play since Setember of last year. Let's see if we can see a top in that area (blue square). Good luck! Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader
This is a pretty clear bearish signal. The volume has been steadily decreasing ever since we entered this upward channel. After being rejected at $333 on stamp, the price is re-testing resistance at that level on lower volume, signifying the possible beginning of a new downtrend that could lead us to my longer term target of $250-$260. BTC...
This pair is at the horizontal support level. Is it going to hold after the sloped one has failed to do so? The strongly correlated pair has somewhat uncoupled, with the CHF getting much stronger than the EUR. This bearish trend may continue, if 1.20515 is not going to hold. ----------- Disclaimer: There is a very high degree of risk involved in trading forex. I...
Possible enter on the 1H chart for the cypher on the daily chart (on my previous idea) based on structure and 0.382 failure pattern.
Looking for double top on structure or 2.618 to enter. For me i will like to see spiking to the 0.382 of bigger retracement and close above previous highs.
CLF was in a long term strong bear channel that broke out to the upside on a climax in late July and is now in the process of pulling back to retest the trendline. The test will come at around 14.50. A couple of trendlines support that price and the bear channel will fall right into it. There is such strong selling that I think the best the bulls will get after...
I'm getting more bearisch as the RH&S does not behave as expected by my previous Ideas. But it's weekend and things behave different while WE. Now, i never used DOW Theories onto Bitcoin and i cannot recommend that. Still it is a very simple way on looking at price movement and is best applied to longer intervals. Technically speaking. If we look at the current...
Price has retraced to the .764 fib, (most recent high) and has remained in a range just below it. Price is currently bouncing off the .618 fib and the RSI has failed to reach the 70. mark, and continues to move lower, creating bearish divergence (see chart) first target is horizontal resistance at .9217 which also coincides with the .5 fib level. A break of...
This online retailer topped aorund $407 after huge move from low $40s and after series of dissapointing earnings reports entered into down channel. Yesterday, it failed to hold above previous high of the day at $330.88 and closed near lows. By chance there is 200 EMA at $330 which Amazon broke down with conviction in the beginning of April first time since April...
This currency pair is ridden with failures as regards the bullish price action that it comes quite naturally to expect further decline and new lows. There are two overarlapping action-reaction structures in work, both of them concurring with regard to the reaction line. In other words, two balance lines and two action lines point to the same reaction line. There...