CherryLava

CherryLava

2 potential ab=cd patterns that bounced off their 61.8% fib retracement. PA just oblivious to 400 EMA and 200 SMA, Did bulls just suddenly go extinct? I know initial target 1 p/L ratio is 1:1 but I have a bigger target in mind, we'll see when I shell off half of my position and move SL to break even.

CherryLava

Trying to look for long entries based on ab=cd minimum projection. Also there's a 50% retracement last impulse wave, Im guessing it will also retrace 50% this time as a clone making elliot waves 1 and 2.

CherryLava

Retracement to 50% fib then up. The price has been doing this twice already.

CherryLava

Can't see any pattern but price seems to get repelled by 1.27 so I'm assuming this is a hard resistance retested already. Hoping for at least a 50% retracement.

CherryLava

It might violate the 1.27 projection from BC leg. Most probably hit the 1.6 fib today.

CherryLava

Looks like a bullish AB=CD pattern is forming. Limiting my short position and decreasing targets

CherryLava

Could be a false breakdown on the trendline. Looks like a retest of the support.

CherryLava

Waiting for a breakout. Upward momentum looks strong.

CherryLava

If price crosses the red line, going long.

CherryLava

Looking to complete the final leg D.

CherryLava

Pinbar anyone? Caution to bears. Just practicing ....I don't trade complicated stuff.

CherryLava

Caution to bulls. I'm not really trading this one. Just not following the bullish channel.

CherryLava

Hoping to pop down and continue the previous trend.

CherryLava

Bounce up. S/R lines drawn exhaustively

CherryLava

Flat ABCD pattern.

CherryLava

Upward momentum slowing down, price might retest a support area.

CherryLava

Risk reward looks nice enough.

CherryLava

Risky long position because of the bullish momentum, when momentum fades, going short after pattern completion.