The weekly chart shows a flat corrective pattern completed so the medium term bias is higher to at least 2000-2070 area Flats can resume a trend, but they can also morph into complex sideways structures which can whipsaw many traders such as double or triple threes... These chop trend traders and also range traders alike as they spike all of the usual spots...
Planning to scale in now into my long term position trade on QBE 1 year corrective pattern is now complete and earning release is on the 11th August which could be a catalyst My first buy was around $8.00, so looking to add to a winner with a complex elliot wave pattern now complete I'm not an elliott guy - so go gentle ellioticians, but i think the structure is...
Monthly QBE breakout and retest Has long term false break to downside which ran into demand level On the lower timeframe it is setting up an interesting pattern that is not very common Will explain on LTF chart
Looks like 28847 is the line in the sand If this level holds then a bull rally is likely, otherwise hold on to your stomach it will get bumpy!
Completed short term cycle Have to love the little green bars outside of the bollinger bands when you have a reason to go long I could probably find a harmonic in there, but no need as price swings and candlestick is saying it all Possibly heading into a longer term swing trade with nice R:R depending on where you put the stop, (Mine would be below the low of the...
Crude Oil is forming a triangle and likely to retest the recent highs Triangles are common in wave 4's so short term we are going to see higher prices in the short-medium term
Interesting long term chart showing resistance ahead and proportionally similar move to 2002-2008 bull run Thinking of possibly shorting at 109ish to end a wave 5 at supply and look to ride down to the 38.2% or thereabouts I do believe we are heading into key levels with prices stretched relative to the Bollinger bands and ending a 5 wave advance so expecting...
Looking bullish for a while... Think there may be a pullback (hopefully) and there is not much stopping it going much higher
Uranium bullish short-med term, energy is bullish in general and likely to continue as inflation bites Short term target not far away...
Bullish on NG Channel target aligns with 50% retracement so bullish med term Energy - Gas/ Oil/ Uranium - appears to be bullish in general....
Monthly divergence at long term resistance Don't trade it - but its so clear its worth noting....
Big picture view... Covid appears to have created a large expanding triangle in this historic bull run... Expanding triangles (or triangles in general) are typical in Wave 4's before the final wave 5 in elliott terms While everyone is still largely bullish and a lot of newer traders have never seen a bear market I thought it would be worth posting this...
AMP daily chart Looking for support around $0.96 - $1.06, hoping it drops quickly and forms a base
Looking for buying pattern to emerge on AMP around 1.06 - 0.96 Has long term harmonics, major number $1.00 and if it drops quickly and forms a base it will also have divergence on RSI
Not trading this as I do not trade AAPL But I believe a medium term top is in, this also aligns with my view on NAS100 and DJI which are completing short term bearish reversals See how this goes but has possibility of very high R:R up to 10.4:1 to final target
At current levels there is a bat pattern, I'm going to look for price action cues to buy around this level as the demand levels to the left are not fresh My preferred level to buy would be around 2200 - 2250, but right now we are in a PRZ potential reversal zone
To be honest I was expecting a new high before this happened But what is interesting is that we are talking about an unprecedented -26% decline to date in only a few short weeks after 11 years of grinding up due to the feds policies of easy money, and from a S&P points perspective we are only a handful of points from declining the entire GFC points wise I do...
Longer term demand and AB=CD pattern Looking to buy for a retracement, hopefully the panic selling will ease by then =)