Hello friends, Elliott wave analysis - On wave 5, subwave 4. RSI divergence which is to be expected between wave 3 and wave 5 Pitchfork- At the confluence line of the two pitchforks AB=CD harmonic pattern as well. Prediction: Wave 4 completion will lead to a small bullish sentiment. After that most likely corrective waves will start. Please feel free to comment...
The charts are self descriptory. Just speculation. Hope it works. Regards, Kurilo
1. Price failed to reach the median line twice 2. Reversal candlestick pattern 3. RSI DIVERGENCE LONG LONG LONG
1. At lower border of modified Schiff pitchfork. 2. Frequency shift done - as above so below 3. Developing RSI divergence
1. The price is at the lower border of the pitchfork drawn using points 1,2 and 3. 2. The target is at the median line. I believe the median line is valid because of multiple touches to the median line. (as shown by the arrows) 3. The SL is at a few pips below the current low providing a RRR of 9:1. I hope this trade works out. LONG. LONG. LONG.
Last 3 trades were brutal. I lost in all of them. No worries. Here's another one. 1. Price at lower border of pitchfork 2. Target the median line. TIGHT STOP LOSS TARGET MEDIAN LINE LONG Hope this works out my dudes. TC, Kurilo
Hello, my dudes, I love pitchforks. Here is a trade based on Dr. Andrew's rules about pitchforks. 1. The price is at the lower parallel line of the pitchfork. This means that it will move towards the median line about 80 percent of the time. 2. Further increasing our probability is the fact that a demand zone is also situated in that area. The median line is a...
Price at lower border of pitchfork Go long till the median line
The lower border of pitchfork At Demand zone RSI at support Long Long Long till the median line
1. Lower border of pitchfork 2. Demand zone Long with the target of the median line
Long at : 1. Lower border of pitchfork 2. Neck Line which will act as support Target the median line with a very small stop loss
1. At the upper line of the pitchfork 2. At the supply line Target to the point of confluence Remember, points of confluence act as good magnets.
All the details in the chart. Long once it reaches the lower line
Shark, the upper line of pitchfork, RSI at resistance Go down target median line
EURGBP SHORT 1. Upper line of the pitchfork 2. RSI resistance
All relevant info is in the text. Hope it works. LONG LONG LONG
Upper parallel line Divergence RSI trendline broken Short till the median line
1. At the supply zone 2. Upper parallel line of the pitchfork 3. Simple RSI divergence - Strong 4. (1,2,3,4) Downtrending market USDJPY Short