elyask120

elyask120

Hi guys, Silver is heading back up to strong resistance where it faced selling pressure yesterday. A bearish bat harmonic is forming at the moment with excellent fib ratios. The red highlighted box has bat entry level of 0.886 and is in line with previous resistance. Safe trading all.

elyask120

Hi guys, Russell 2000 has consolidated on the previous range resistance that has now acted as support and is now heading for a crack at its all time high. Currently Russell is just below a daily order block highlighted by the red box which was tested once on the way down in bear market. The zone also is the golden fib zone between 0.5 and 0.618, so very likely...

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Hi Guys, This is starting to sound like a broken record, but the Nasdaq and accomplices, Dow Jones and SP 500 have yet again broken into all time highs, just when it looked like they might all pull back. Nasdaq is now approaching what may be a strong resistance zone that is highlighted with the purple box and the lines in it. The red and black line above it are...

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Hi Guys, Recent news events have weighed heavily on the Japanese Yen and thus all currencies against the Yen have seen a spike. CHF JPY, which has corrected from the highs was one of those pairs and had a strong rise up after the news. Currently the pair is heading towards a supply zone where a bearish bat pattern is forming and entry lands right in the supply...

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Hi Guys Bitcoin hourly false channel breakout .. profit target around circled area Safe trading all.

elyask120

Hi Guys, The AUD CHF pair is facing some strong selling pressure and has printed what looks like atriple top. The pullback will lead into possible strong support areas due to the nice climb the pair has had of late. The dark green boxes highlighted are both demand zones and the first box also has the anchored vwap from the first low and the anchored vwap from...

elyask120 Updated 

Hi Guys Three levels to watch on CHF JPY as it responds to selling pressure and look for bounce back to the top of the range. 1st level maybe just a relief bounce , second level a push higher and third level expecting to see major buying pressure as it coincides with a bat pattern with excellent fibs and support looking left. Safe trading all

elyask120 Updated 

Hi Guys, The S&P 500 again found plenty of buyers on the dip and has pushed price up with moentum towards what may be a strong resistance area. The red highlighted box is the 1.27 retracement of bear market hgh to low. The Dow found resistance at the same retracement level. The 0.68 fib extension of the last impulsive move up on the daily time frame is also...

elyask120

Hi Guys The GBP AUD pair is approaching strong support area and there is a shark harmonic pattern with nice fib ratiosdeveloping that completes around the support cluster. The red box on the chart is the first entry point of the pattern at 0.886 retracement and the bottom of the box is the limit of the pattern at 1.13. The thick black line at the bottom is a...

elyask120 Updated 

Hi Guys, Before I write regarding this post, I would really appreciate if someone would tell me how to update a previous idea. I am aware of update idea tab but I would like to know how to add further illustrations to that same idea and not just words. Thanks in advance and appreciate if anyone can let me know this so I dont upload multiple posts on the same...

elyask120

Hi Guys, The AUD CHF is continuing to show upward momentum with breaks of downsloping trendlines and moving above key moving averages. Currently it has just broken out of a bull pennant with excellent fib requirements and as you can see from the purple line on the chart has cracked through the 200 ma with a strong candle. Measured move from the breakout is the...

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Hi Guys, The Nasdaq has continued its crazy bull run with another all time high close after Friday's session. The consolidation period from its last high to this one again presented opportunities to keep riding this uptrend by entering long on lower time frames. Support continues to be strong anytime the Nasdaq comes between its 20 and 50mas and close to the...

elyask120 Updated 

Hi Guys Just a quick post about where we may find some selling pressure on US 30 in the coming sessions., which is the highlighted box , with each line in there specific price points I will be looking for sell setups on lower time frames. The upper line from the peaks will also be resistance as it enters into the highlighted zone Safe trading all

elyask120

Hi Guys Just update of levels of interest on Nasdaq for sell setups. I am ultimately looking for price to reach the thick red line in the larger rectangle for a strong reaction but there are other levels which may present some intraday selling opportunities if price keeps pushing up to the red line. The smaller blue rectangle has fib levels from more recent...

elyask120 Updated 

Hi Guys, I'm really not surprised with the big bullish reversal this morning. It just seems inevitable now every time we start thinking that maybe the market is going to have the much needed correction or just few % pullback. With most leading stocks extended and needing to base and reset, a correction has to be viewed as a good thing right? Obviously not...

elyask120

Hi Guys, I posted yesterday regarding a harmonic pattern on the Nasdaq in a potential strong support area. The index responded to that price point and resulted in a nice move up. Unfortunately I didn't get to trade that as I was asleep at the time it happened. The next area that we may see some selling occur is the one that I've highlighted on the chart and just...

elyask120

Hi Guys, The Nasdaq looks ripe for selling , but patience in waiting for the right sell setups is the key with shorting this market or any market for that matter. There is a Gartley bullish pattern developing on Nasdaq almost complete with almost perfect fib ratios and the entry point coincides with the 1.27 retrace of the most recent daily swing high to the...

elyask120

Hi Guys The Eur NZD is heading into an area of strong support which was used recently for a nice move up. The area has been tested multiple times as both support and resistance previously. If price reaches the same support area we will likely see at least a bounce if not the same sort of move it made previously. There is a crab harmonic pattern with good fib...