MarshallFX_

MarshallFX_

Wholefoods has been declining for quite some time now, and with the activity that produced these falling prices, I have not seen enough as of late to foresee a major rally. I'd bet these prices slide or form some congestion over the next week or two. A simple Bear Call Spread should suffice. WFM IVR 100%

MarshallFX_

Twitter has hit a rough patch lately, as the downtrend continues. We've seen some activity at these lows, but I wouldn't look at it as a game changer. I foresee some congestion. Minor demand on this recent rally, along with Supply from the last leg down. Whipsawing is likely but due to the Iron Condor, I should be able to profit accordingly. Max ROE around 34%,...

MarshallFX_

Similar to most equities, HPQ experienced a correction in Mid Aug, bringing an influx of Demand. In Mid Sept, we saw some Supply enter the market, halting the prior rally. The downtrend after did not see much Accumulation, however, the bias should still remain long so long as the bottom holds. We've retested the Supply level and did not see Supply where it once...

MarshallFX_

Similar to my position in Google, the increase in option premiums is ideal for those selling options. MSFT appeared to bottom out late-August, leaving us just enough time to collect income on the time decay. Solid trade so far.

MarshallFX_

Corrections across all indices has presented many lucrative opportunities. Google had a healthy correction in mid-August that brought it's price to the notable 50 - 61.8 % pullback zone, solidifying a short-term bottom for the time being. Coupled with the fact that volatility ranks are in their upper echelon levels, selling options is ideal. If we experience...

MarshallFX_

SPY drifting through off hours amide out of the ordinary volume spikes. Longs favored, however, the unwelcome randomness may deter expectations.

MarshallFX_

This trade doesn't contain any Harmonic influence, as it is simply a retest of former support. The breakdown of the GBPCHF is clearly portrayed on the Daily chart, which has shown recent violations of two trendlines and a 2-3 week support. The current retest of this support-turned-resistance level is further displayed on the 1 Hour chart. With a clearer look into...

MarshallFX_

This trade doesn't contain any Harmonic influence, as it is simply a retest of former support. The breakdown of the GBPCHF is clearly portrayed on the Daily chart, which has shown recent violations of two trendlines and a 2-3 week support. The current retest of this support-turned-resistance level is further displayed on the 1 Hour chart. With a clearer look into...

MarshallFX_

First off, I'm ashamed I didn't take this trade. I've started analyzing forex pairs in-depth again, but I was a day too late with this one. I finished the Euro and Pound last night/this morning. This trade combines a slightly off Bat + a symmetrical Crab. The Bat is literally 8-9 bars out of it's allotted completion time, however, the Crab isn't. Again, I...

MarshallFX_

Simply put, the Euro has been declining for virtually all of July. Demand has been weak and support levels have been broken time and time again. From my POV, this is the first Bullish RSI divergence on the Daily in quite some time. The divergence came with some interesting PA as well: July 30 and 31 presented two Hammers, followed by a Bullish engulfing pattern....

MarshallFX_

Let me start of by saying that symmetry in Harmonic Patterns is not a requirement. It's simply fuel to the fire. It's all the more reason to believe that it'll successfully play out. The strongest patterns bounce off convoluted areas of harmonic ratios. In this example, not only do we have the Bat formation, but also an AB=CD within the Bat's CD leg. This could...

MarshallFX_

This is a trade I will not be taking if it doesn't meet the test of time. After taking the time to reread Carney's books, he mentioned with emphasis the use of time in regards to harmonic completions. From Carney himself: "Although time considerations are not as significant as the factors of price, an understanding of when a setup should complete can optimize...

MarshallFX_

I didn't take this trade, as it was after the fact. I saw this formation and wondered if this was valid or not. The rules call for the C point to hit the 1.27 extension, which it did. The rules also call for there to be a close beyond A, which happened, but not a cleanly as one would like. I'll be sure to keep an eye on future Cypher patterns to determine...

MarshallFX_

Rarely do I see these patterns, let alone trade them. The Euro has broken some major support levels and trendlines. Whether it's a false break or not, we'll have to wait and see. Judging from the tick volume I use in Metatrader, there hasn't been any indication of large amounts of demand entering the market, which is why I'm not too excited about this pattern....

MarshallFX_

I've noticed the price of gas has been declining for about three to four weeks. Come to see, Oil has been in a free fall for a month now. From the bottom in mid-April to the high in late-June, the 61.8% provided a technical level that prices could bounce off of. Even when the harmonic patterns aren't evident, the harmonic ratios are always close by dictating...

MarshallFX_

The Daily chart has shown a steady, healthy uptrend dating back to early April; longs. However, since the start of July, we've been in this sideways channel, one in which I'm expecting to hold as we form this Bearish Bat with the PRZ right at former support-turned-resistance. One could take the counter-trend short and place stops just above resistance zone, but...

MarshallFX_

As you can see with the yellow, dimly-shadowed, Bearish Cypher, it took prices some time to finally turn to the downside. Although going short would of been a successful short-term trade, the outlook is still bullish. The current Bullish Cypher, the green one, is iffy. The top portion that hit the former resistance just barely missed the minimum 1.13 extension,...

MarshallFX_

Dow Jones, like the S&P, are destined to rise before the long-awaited correction. Judging by the volume of the past month or so, large bets have been placed on the long side. As for the past trading day, the large volume bar was a pseudo-indecision bar. I'll be on the sidelines for right now, as I would have entered at the completion of the Gartley that formed.