JohnSwipe

JohnSwipe Updated 

A bearish deep gartley formed on the 1H. TP: 61.8 retracement of X-D. Longer term the pennant on the 4H/D will likely break upwards.

JohnSwipe Updated 

Swimming with the sharks. The 1.13 as a reversal point (rather than a new low/trend continuation) always feels risky, but we're trading harmonic patterns so there shouldn't be any room for emotions. We're in the buy zone and TP should at least partly be between 0.6557 (1.0 reciprocal ABCD) or ideally 0.6810 (61.8) since the ABCD completes above the 50%...

JohnSwipe Updated 

.768 D point + 1.0 ABCD conditions met. A very solid gartley pattern. TP, at least partially, at the 61.8 (~25.4)

JohnSwipe

A retracement to prepare for the formation of a bearish gartley at higher prices, or a continuation down. Time will tell.

JohnSwipe

Last week EU completed a deep crab pattern and reversed. Today, fundamentals fueled the rise as Deutsche advised clients to buy Euros after a hawkish stance by the ECB. However, the harmonic framework suggested a long before these comments.

JohnSwipe Updated 

A bullish butterfly bounced from the potential reversal zone (fib confluence and ABCD). Partial profits should be secured at ~1800 (38.2% retracement of A-D) and ~1860 (%61.8 retracement of A-D). Profit targets can take 1 to 2 weeks to reach, since this pattern formed on the 4H/D timeframe. A move below $1700 an ounce invalidates this pattern.

JohnSwipe

The C-D leg of a bearish shark seems to be forming, presenting an excellent opportunity to long until ~1.4144, at which point one should observe how price responds to the PRZ. Note that the shark often precedes the 5-0 pattern, thus (at least partial) profit should be taken at the 50% C-D retracement, and longs for the 5-0 ideally opened at the 1.0 ABCD...

JohnSwipe

GU shows strong bullish price action after finding support on the .38 retracement of the move on positive Brexit news and the stage is set for an AB=CD

JohnSwipe Updated 

A possible gartley for long term traders

JohnSwipe

1.15 (.5 fib) should prove to be the floor, based on the hammer that formed on the weekly. The target for this bounce should aim for 1.2 which would form a head and shoulders pattern on the weekly, a very bearish pattern. If 1.175 doesn't get taken early next week, expect further weakness with a retest of 1.15 and from there a drop all the way to 1.2 (.618 fib)

JohnSwipe

.382 fib at 1.3335 was retaken at the end of the week, ending the week with a hammer = floor for now. If we break below that --> 1.3 becomes a target. Above: 1.355 - 1.375 becomes the first resistance, a zone from where the bears may resume their selling.

JohnSwipe

A possible trade for bulls. Short till D

JohnSwipe

Note: AB doesn't form a perfect 61.8. See my bullish Gartley for an alternative.

JohnSwipe

USD/JPY appeared to be very bullish the last couple of sessions, but it came all down to holding above 110.5. It managed to do so for a couple of hours, but in the end couldn't hold on. Precious metals finished their retracement and went back up, and the dollar lost steam. This tells us the dollar is still in a downtrend, and the recent bullish moves were but a...

JohnSwipe

The chart shows a perfect example of a healthy fibonacci retracement. Price dipped below the 1H 100 EMA and started to recover. 980 remains solid support. To those looking for long positions: this might just be the moment you were waiting for.

JohnSwipe

1300 was major resistance, now turned into support. However, retracements are bound to happen. We have a gap around 1311, which is bound to get filled. A long entry just above the .38 Fib retracement would be a good opportunity. Watch out for FOMO, nothing goes up forever. Averaging down around the 1h 50/100 EMA is adviced. Buy the dips.

JohnSwipe

This market has been pretty straight forward over the last few weeks. Every 1.27 extension from the last wave down was hit, followed by small retracements. Based on the last leg down, which hit the extension at 110, I don't see this bull higher than 110.6, which is around the 1h 50 EMA and presents a nice short opportunity. Breaking 111 could signal a trend reversal.

JohnSwipe Updated 

NATGAS hit the 0.78 retracement, based on the June 29th high and July 5th low, and rolled over after failing to breach it on a second attempt. We're now looking for 2.887, a 1.27 Fib extension based off the previous move down, reminding you we're still in a bearmarket, supported by the 1D 50MA.