Mikkelfo

Mikkelfo

Picture explains the most, if any questions, just ask in the comments

Mikkelfo

GU have been forming a SHS formation lately and it planning to do the last move, as an AB=CD for the completed SHS formation at 1.405. Great RR trade (though I posted this a bit late). Our pullback went straight to 0.5 fib and prior resistance, as well as lining up our AB=CD move, so looks really bearish

Mikkelfo

Simple EG short with trendline and 1.618 extension. Stop could be closer, but I'm giving it breathing room

Mikkelfo

Updated version of my previous analysis (previous idea is linked below) Crude provided us an excellent entry this friday when it bounced off pervious high, leaving us with both resistance area at 38 and structure. This is a perfect chance to get in at the bottom with a target up to 43.40, thus completing our 5-wave correction pattern aswell as a 3-legged move...

Mikkelfo

First off we have resistance coming from the last swing up to this area. Secondly we finished 5th wave in 0.795 and we should see a correction wave, that lines up perfect with a AB=CD move down to fib resistance/extension

Mikkelfo

GBPUSD is lining up with a very good long on both 1h and 4h chart. We have our trendchannel with 2 test of low and 2 test of high, with a possible bounce for 3rd test of low, plus a 78,6% fib retracement in almost perfect allignment. I've decided to go with a wide SL below the prev swing low, but this is ALOT of room to work with, and you could easily narrow it...

Mikkelfo

MACD is showing bearish divergence and RSI is around the oversold. We have 1.272 extension, previous resistance area and a trendline, all pointing towards the downside

Mikkelfo

Apple have recently bounced on a double bottom, making an descending triangle formation. In addition to that, it bounced off a trend channel from 2012. A very good entry would've been @92$, but there's still a possible for another long entry, before we shoot for the skies. If this analysis is succesful, then you have an entry around 95$ with a target to 119,5$......

Mikkelfo

Decent rebound setup, we have the lower trendline more visible @ 1h chart

Mikkelfo

EUR/GBP is pointing heavily towards the downside. MACD is making slighty lower lows, despite the price rocketing. RSI is confirming room to decline (A), bounce (B) and further decline (C). We have a decent trendchannel, with 2 fake breakouts, meaning the 2-try rule is in place (bullish failure), which should result in further decline. Our trendchannel finished...

Mikkelfo

Crude Oil is signaling a possible reversal. We have a falling wedge, a 5-wave pattern and bullish indicators (with weekly divergence). Therefore everything is signaling an uptrend. The only problem is that we have a lot of resistances overhead, which might make the uptrend either choppy or unsuccesful. However, everything in the chart is screaming "UP" Weekly...

Mikkelfo

The DAX30 index is moving in a descending wedge, which is a bearish formation. We can see that the market respects the formation, in which an overshoot of the upper trendline resulteted in an overshoot in the ABCD move (Which then hit the support line). We have a major ABCD move going in bearish direction down to 8350 and combined with the formation, it would be...