mjchase

mjchase

Retrospective review on a harmonic pattern entry. The gartley is a well known continuation pattern , ideal for lower risk higher reward entries in an already established trend . We can see an initial reaction from the 61.8% retracement but the bulls fail to break a new high, this allows the bears to push price down to a lower level , the 78.6%.

mjchase

NTRN has been extremely bullish over the past few months , the market has since cooled off leading to accumalation ready for the next leg up . Our target for the current entry is a 1.618 extension of XA. Entry has been taken at roughly 50% retrace of the previous bullish move .

mjchase

We can see on the daily timetrame diversion has steadily been building on the RSI . Price is currently forming a deep crab harmonic pattern which coincidentally matches a 61.8% retrace from the previous all time high of BTCUSD. I highly expect an initial push up to entry due to the ETF approval then a sell the news scenario.

mjchase

We can see from the dotted 50% line SEI has retraced as much of the previous swing upwards , using a head and shoulders pattern on the line i have taken a position looking for 3:1 and 2:1 respectively.

mjchase

We can see price has retraced 61.8% the previous high and has formed a Head and shoulders pattern as depicted with measurements on the chart. Entry has been taken on and around the 50% retrace. I expect to see significant movement in ALT coins today if BTC dominance drops as per chart predictions.

mjchase

Long position taken on highusdt with sl and tp as shown on the chart. Technical analysis coupled with current bullish sentiment on crypto gives me a strong faith the chart will reach both targets over the course of 1 -2 weeks. I am looking for a bullish weekly close on the currently weekly candle as further confirmation.

mjchase

Entering on the 15 minute timeframe looking for a quick bullish breakout.

mjchase

We can see the formation of the head and shoulders pattern on the daily timeframe, first of all we look for a break of the neckline at the 100 % fib before forming the right shoulder. This confirms a lower low has occurred increasing the chances of a downward trend occurring. We would then look to enter 2 positions both with a target of 1:2 R:R. The first...

mjchase

Here we can see a potential continuation of the bullish trend on CHFJPY . The Gartley provides us with an opportunity to enter the trade on a 78.6% retracement of the recent bullish Move. This Gartley also possesses a distinct 127.2% BC projection Which lines up close to the 78.6% XA retracement. These measurements have both been broken in a single bearish...

mjchase

We can see the makings of a bullish Bat pattern on the 4 hour time frame of EURUSD. The Bat pattern uses an 88.6% retracement of the XA measurement for entry. The B point of this distinct M shaped pattern Should ideally be between an 38.2% and 50% of the XA leg. We can also see the pattern exhibits a BC projection of just over 261.8% , this is close to the maximum...

mjchase

Here we can see the makings of a bullish butterfly pattern , entry being at 127.2 % of XA and 161.8% of XA as the stop loss.

mjchase

We can see two harmonic patterns forming on gold , the larger pattern of the two is a bat pattern with entry at 88.6% of XA and the stop at 100% of XA . However , the smaller of the pattern being shown is a reversal pattern allowing us to enter the bat pattern while using a much smaller stop loss.

mjchase

From what I can see on the chart short we can see a deep crab pattern which has caused price to reverse from bearish to bullish. Price has come back to retest the 161.8% entry for the deep crab and also has formed a much smaller bullish bat pattern. Using the bat I can look to enter a much larger position due to the small stop loss required at 100% of...

mjchase

After a severely hard drop induced by fear and and the media we see what could be a potential bottom for Ethereum. I have taken an entry on the 1.618 extension and am looking to take profit at 61.8% of A-D . The majority of people will be looking for sells which indeed at this time in a time induced by fear we have more potential for gains.

mjchase

Here we can see a beautiful example of a successful bearish bat pattern. Entry at 88.6% of XA with the most ideal B point between 38.2% and 50% of XA. Due to the extreme bearish nature of bitcoin at this moment in time my target is larger than usual. 50% has been closed and I will hold the remainder for the duration of the trading week.

mjchase Updated 

Ether needs a major correction and the bearish deep crab we see here could just be the medicine needed. Selling at this point may prove fatal but the rewards could also be fruitful.

mjchase

Having been extremely bullish in recent months the Pound has retraced to the 1.36 Area. The chart on the daily timeframe shows a potential bullish Gartley pattern, this could be used for the bulls to push above the current pattern continuing the bullish trend. They key points as denoted on the chart are the distinctive 61.8% B point retracement and the 78.6% XA...

mjchase

Earlier this week we used the bullish Bat on the daily timeframe to look for entries on the lower timframes. The Bat is an extremely accurate pattern and utilises an extremely small stop. Entry is taken at 88.6% of XA with the pattern being invalidated at 100% of XA.