MarcoJarquin

MarcoJarquin

Sharing my thoughts and observations on AU200 - With wave 4-5 already ongoing, I have set SL to the highest point of Wave 0-1 and TP to the highest of Wave 3. It could go higher if it reaches 100% of Wave 0-1’s length. I think that Wave 4-5 already started given the retracement of 3-4 back to Fibo 61.8% of Wave 2-3. We’ll see… happy pip hunting!

MarcoJarquin

Sharing my thoughts and observations on USDJPY - I am working this analysis in two setups: Wave (2)(3)(4)(5) and Wave (3)(a)(b)(4). I consider Wave 3ab4 a subset of impulse 3-4 within Wave 2345. I am treating the setup 2345 as a zig-zag considering that 2-3 is composed by 5 sub-waves (identified in red numbers) and 3-4 is composed by 3 waves (3-a, a-b and b-4)....

MarcoJarquin

Sharing my observations - I am working this analysis in two setups: Wave AB14 and Wave 1234. I consider Wave 1234 a subset of impulse 1-4 within Wave AB14. I noticed that B-1 retraced to Fibo level 61.8 of impulse A-B. Likewise, 2-3 retraced to same Fibo level in impulse 1-2. This makes me think that we could see some fractal behavior in Wave 1234 showing us a...

MarcoJarquin

Sharing my observations around CAC40. Given the multiple divergences observed I'd think a small short would apply here. Setting TP to the confluence point between both Fibos: current wave and the larger one.

MarcoJarquin

Observations on AUDNZD. Internal divergence observed in RSI @H4 with no divergence in MACD makes me think that downtrend will continue. CMF and MACD lines used as confirmations. TP set aiming to confluence point 1.0420 and SL suggested on ~20 pips, right above confluence point 1.0485.

MarcoJarquin

Sharing my thoughts and observations on UKX. After seeing the "Elliot Wave"-ish pattern form (it is not a true Elliot Wave as Wave 3-4 overlaps into Wave 1-2) I think that retracement back to Fibo 50% of wave 4-5 is complete. Internal divergence @RSI observed between point 5 and X makes me believe that we will see a change in the micro trend to continue its macro...

MarcoJarquin

Sharing my thoughts and observations on AUDCAD @Daily chart. An internal divergence observed in RSI H4 and MACD with confirmation on Aroon and CMF makes me think that we will see a continuation of the downtrend following the Elliot Wave 4-5 formation. I'd set an SL just above the 0.9140 point which is a pivot point observed in the monthly chart. If the lenght of...

MarcoJarquin

Sharing my observations on XAGUSD @H4. A Market Maker pattern (MAAWVV) seems to be forming in a consolidation zone that has been developing in a range of 65 pips, between 14.90 and 15.55. Both min and max points happened in the first "arm" of the "M", which started on June 19th. Given its importance in this pattern, I'm using that Fibo as a first reference (Wave...

MarcoJarquin

Sharing my observations on DAX @H4. The internal divergence in the RSI observed between points (4) and (A) make me think that price will change the trend at this point to continue the bullish macro trend, considering that price already retraced to Fibo 61.8 of its last impulse. I'd aim SL and TP to be between the two 38.2% levels of Fibo highlighted in orange,...

MarcoJarquin

Sharing my thoughts and observations on AU200. I was originally expecting Wave 5 to hit the max historical price observed in 2017 (close to 6,850), however an external divergence at RSI @H4 and MACD makes me now expect a change in the trend. TP suggested to be set at Wave 1-3's Fibo 23%, confluent with Wave 2-3's Fibo 50%. Awaiting confirmations.

MarcoJarquin

Sharing my thoughts and observations on SPX500. Divergence observed at MACD and RSI (external) using H4 chart triggers the signal of a potential change in trend. If that's true, the fifth wave would have been completed. A TP could be set in the confluence point of Wave 4-5's Fibo 38.20% and Wave 4-X's Fibo 100%. Awaiting confirmations.

MarcoJarquin

Market Maker Pattern observed in 4H chart. I’d expect the last “V” to be formed given the divergence observed between points (W) and (X) highlighted in green Vs MACD. I’d aim SL just below the confluence point between Fibo 38.2 Wave (V)-(W) and Fibo -27 Wave (W)-(Y). TP is expected at that point thinking that this left arm of the new and last “V”in the pattern is...

MarcoJarquin

Potential Market Maker Pattern observed in AUDNZD and expected continuation (right arm of "W") given the divergences observed in RSI and MACD @H4 between points D and B. TP has been defined aiming to confluence zone of Fibo 38,20% Wave A-B; Fibo 61,80% Wave C-B and Pivot Point 1.05 observed in the Daily chart.

MarcoJarquin

Analyzed @ 4H, I observe external divergence on RSI between (X) and (Y) that makes me think that the Market Maker pattern will continue, forming the left arm of the "V" described in the chart.

MarcoJarquin

I consider the following idea a high risk trade. I am actually testing it in a demo account. Light blue box highlighted between (D) and (E) is a price reversal zone observed in the monthly chart since March 2014, tested 4 times. I see a consolidation happening just above Fibo 23,60% of wave (A)-(C) which is confluent with Fibo 38.20% of wave (B)-(C). External...

MarcoJarquin

A symmetrical triangle (ST) is observed in the monthly chart, shown partially in this chart with lines A and E. Lines B and C describe a downtrend channel tested 4 times in the lower limit and 5 times in the upper one. External divergence observed in RSI @H4 and MACD between points W and Z. TP set at confluence point of Fibo levels 23 (wave X-Z) and 78 (wave Y-Z)....

MarcoJarquin

After reaching prices not seen since 2013 and breaking a price reversal zone seen in the monthly chart (light blue rectangle), a decrease has started forming a triangle. RSI external divergence (and MACD) is observed at M30 between points (D) and (B). TP could be set at confluence point of Fibos 38% and 23% of waves A-B and C-B. SL defined just a bit above the...

MarcoJarquin

Pivot point 0.9140 has been acting as an important price rejection point/area since 1994, sometimes as a support and in some other moments as a resistance. The Fibo projection from the start of the first triangle (orange lines) to the lowest point in the new triangle (blue lines) (Wave A-B) creates a confluence point with this Pivot Point (indicated as "M" blue...