Anticipating a completion of the 5th wave of C leg which will indicate a new development of an uptrend.
Projecting an ABC correction on the hourly chart.
Anticipating a completion of a corrective triple zigzag combination on a weekly chart. Each color line has an equal length. End of wave Z should be the end of this combination if it continues as projected.
#NG is trading above monthly resistant line indicating a major upside potential. Will be waiting for the to close above 200 MA on weekly chart before choosing my long entry point. To be updated...
EUR/USD is forming a falling wedge formation which indicates there's a chance of price breakout to upside. At this point, price is trading below 200 MA & between 50% & 61.8% Fib retracement levels on the weekly chart. Close above resistant and 50% fib will conform more upwards movement to test 1.180 - 1.20 price range. Alt. close below 61.8% and support line will...
Action: Set Limit Order to Sell Entry Price: 23.34 Stop: 23.67 Target 1: 22.02 When Target 1 order is filled, move your stop loss to your initial entry price. Target 2: 21.73 Trade Explanation: #ZUO is trading closely around the support line, close below the support line and 20 day MA on hourly chart will initiate further downward movement towards indicated exit prices.
Action: Set Limit Order to Sell Entry Price: 9.98 Exit Price: 9.66 Stop: 10.15 Trade Explanation: #GE is trading closely around the resistant line, close below the resistant line on 15 minute chart will initiate further downward movement towards indicated exit price.
Action: Set Limit Order to Sell Entry Price: 9.34 Exit Price: 8.27 Stop: 9.50 1st Target: 8.27 2nd Target: 7.47 Trade Explanation: ERRI is approaching resistant level and there's a high probability of price reversal. Alt. if price does close above resistant level on daily chart, then expect more upside movment.
If price breaks above the triangle, then we should expect the price to go higher.
Will be waiting for a close bellow the resistant line.
Will be looking for a confirmation for ABC pattern formation.
Possible bearish Gartley formation on EURAUD 4 hour chart