Symmetrical triangle, TRADE THE BREAKOUT!
Bearish bat pattern
The butterfly pattern usually completes at 1.272 XA. However this pattern does have a variant, where it can sometimes complete at the 1.618 XA. This graph is an example of the variant
Prices have broken through the demand zone, Stop loss is set at 1.4 ATR
- Prices gapped up causing a window - Expecting prices to pullback towards the window, which will act as support - If selling pressure continues through below the window, go short
Formation of bat pattern on daily candles. Will update with stop loss and take profit when we know where d point is.
Butterfly pattern, short
Entered demand zone and prices are currently reacting to it
Bat pattern, entry point at 88.6% XA, 2.618 bc confluence. Gauge price action at d point and act accordingly.
Formation of bat pattern. Confluence with ab=cd pattern. Gauge price action if it hits d point and act accordingly.
Cypher pattern forming on the 1 hour time frame. There is also a possible bearish divergence on the RSI.
Corn has broken through the upside of a symmetrical triangle, driven by disastrous weather reports across the US. Prices are anticipated to hit 3.752, thereby completing a bearish gartley pattern. It is expected that prices will then travel down to 2.653 which is a 38.2% retracement of AD of the gartley pattern, retest the triangle before moving further higher
Cocoa has broken previous support line. It then retested the now new resistance line and has bounced off that. Expecting prices to hit a 127.2% fib extension of AB. SL will be P + 1.8 x ATR = 142.82
Look for prices to retrace to 50% @ 125.74. Then go long with TP @ 132.97 which is 1.272 fib extension. SL slightly below 61.8% retracement (124.30)