cheminacci

cheminacci

This a continuation of a previous trade Idea. The market has reached the PRZ at 2940. This level resides near a previous order block. Targets for a bearish entry are 2630 for target 1 and 2450 for a target 2.

cheminacci Updated 

We have a potential Bearish Bat Pattern forming on USDJPY. The potential reversal zone aligns with a previous consolidation area as well. Potential entry between 110.60 and 110.90. Target 1 at 107.80 and Target 2 at 105.80.

cheminacci

Just saving this chart for the historic value of this event. Unbelievable.

cheminacci Updated 

Euro recently tested and retested an order block near the 1.0800 level. Upon this rest it has began the formation of a larger bearish gartley pattern on the 4 hour chart with a potential reversal zone between 1.1250 and 1.1300 (the 1.27 retracement of the BC and .786 retracement of the XA legs respectively. Entries for a buy would take place 1.09, with target 1 at...

cheminacci Updated 

A bullish shark pattern is setting up on oil with a potential reversal zone centered around 20.00. This entry comes on a retest of the lows on oil, with the RSI gradually becoming oversold, and provides a great setup for a low risk long term buy on oil. We are unsure if this is the true bottom for oil, but this pattern presents a great trade opportunity. Entries...

cheminacci

The SPX500 is forming a bearish shark pattern with a potential reversal zone at 2800 which also coincides with with a previous order block on the 4 hour chart. After further analysis, it was observed that this shark pattern is within a larger cypher pattern with a completion below 3000 which lines up with another order block level. For this trade I believe that...

cheminacci Updated 

Bearish gartley pattern forming on the 4 Hour chart for GBPJPY. Entry within potential reversal zone is near 134.00. Target 1 at 130.50 Target 2 at 128.00 which will be the .382 and .618 retracements respectively. Stops above 135.00

cheminacci

This is an addendum to a previous idea posted (which is linked below). I noticed that the bullish butterfly in the channel has a potential reversal zone that meets with a large bat pattern on the larger time frame. The overlapping of these two zones is due to strong fibonnaci confluence in the market, as well as near a gap at previously at those levels in the market.

cheminacci

After completion of a Bearish cypher pattern, USDCAD maintains it's movement within the channel it's formed on the larger time frames. This move downward inside the channel is leading to the formation a bullish butterfly pattern that completes at the bottom edge of this bearish channel.

cheminacci

After doing some fib analysis on the DOW30, it was observed that on the weekly chart that the market was beginning to form a MASSIVE bullish shark pattern. By taking target 1 at 23200, the 50% retracement of the CD leg, one would be riding a move that would also be filling a gap on the weekly chart from the weekend. Potential reversal zone for entry between 16600-17100

cheminacci

After breaking out of a consolidation wedge a few weeks ago and breaking a SIGNIFICANT support level at .4200, XRPUSD dropped down into the .2400's as it retested the lows. After a push back up, the pair has begun to form a bat pattern and a gartley pattern within the same region. I believe that Ripple is headed to .4000 as it seeks to retest the .4200 level...

cheminacci

BTCUSD took a major hit over the last 3 weeks as discussed previously. After breaking recent lows and venturing down into the 5800's, the pair has been consolidating for the past week. It appears that BTC is finally ready to break out of this region for a retracement and a retest of previous structure levels. I noticed this morning that there was a potential shark...

cheminacci

After a few months of growing strength it appears that DXY may be preparing to slow down as it retests structure once again. A bearish crab pattern has began to form with lovely confluence, and a tight potential reversal zone centered around 97.87. Target 1 94.44 (.382 retracement) and Target 2 at 92.32 (.618 retracement). This movement could also help provide...

cheminacci

EURUSD broke through a structural low 2 weeks ago at 1.1554. From that point it began to form a consolidation wedge as EURUSD loves to do prior to moving down more. With this break in structure the trend has become bearish on the daily chart. The market could potentially break up to retest some minor highs, and then reverse to move down towards 1.1250 (Target 1 at...

cheminacci

After making its sharp decent from the 8500 level... BTCUSD danced in the previously mentioned confluence/consolidation/reversal zone for a bit. The location of the zone was at a point of strong confluence, structure, as well as a potential bat pattern. With the break outside of the region BTC may be moving down to retest the 6500 region where the failed bat...

cheminacci Updated 

BTCUSD made a significant move up over the last 2 weeks from the 6500's, most recently breaking throught the 7800 level last week. After the break through 7800 it attempted to retest the 8600-8900 range but failed. After noticing an extremely overbought RSI and a developing double top I conducted some fib analysis. It seems there is major fibonacci confluence...

cheminacci

Theres a potential bearish shark pattern forming on BTCUSD IF the 10000 level is broken. (Which I think will be happening within the next few days). 10000 is the over-under for hype on BTC. Above 10,000, "It's going to the MOOOOON!", Under 10,000 "Cryptos are horrible, they're worthless!".... Its a pretty signicant number. Though this is a bearish pattern...I am...

cheminacci

Over the past 2 weeks USDJPY has been extremely bullish. This move has been taking place within a large channel on the daily chart. Within the channel a local trend line has formed and USDJPY is currently approaching it. After the recent bullish rally, the market is seeking to retest a previous structure level at 110.50. The move developed into a shark pattern...