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123pattern

GOLD IS FORMING BULLISH PATTERN 123Strong bullish movement ended at level 1568.73 forming wave (A) then corrective wave (B) is occurred until 61.8% Fibonacci level of preceding wave (A) at level 1548.78 price is rejected from this level RSI broke downtrend MACD shows bullish momentum Price is supported on Moving Average 100 Above HVN at level 1552 It's expected forming strong bullish wave (C) to target the supply zone and 61.8% Fibonacci level of the main bearish wave at level 1582.15
OANDA:XAUUSDLong
by MMFXSignals
1 2 3 Bottom Formation What is a 1 2 3 Pattern ? We can say that it is the bottom, a correction, a re-test, and a rebound. The pattern usually occurs at the end of trends and swings, and they are an indication of a change in trend. They can also be found within a trading range, and they take place when the directional momentum of a trend is diminishing. Long Trade : The long trade is an upward reversal following the 1-2-3 pattern forming from a previous downtrend. The downtrend bottoms out at point 1, then reverses upwards to find resistance at point 2. Point 3 is at a higher horizontal level than point 1. From point 3, price reverses upwards, breaking the resistance at point 2. The long trade is actually initiated at the point where this level is broken. So all the trader needs to be doing is looking out for the 1-2-3 formation which forms prior to the trading point. Stop Loss : The horizontal line is the reference line in this case, and a stop loss placement few pips below the line (long order) or above the line (sell order) will work ok. This line is usually a strong level of support or resistance and will usually hold most of the time. Profit : The Take Profit is usually left at the discretion of the trader. However, this must be set according to sensible guidelines. For instance, a trader may decide to set the Take Profit as double or triple the stop loss. Or the the distance between Point 1 and Point 2.
COINBASE:BTCUSDLong
by Yiannis1110
Trend Continuation Pullback Long EntryUSOIL went for a deeper correction and reached 61.80% retracement of its setup bull leg. Bears look very convinced at this point and going lower here could initiate a swing break that would put a lot of pressure on the longterm bull trend. Judging from previous behaviour, market inertia should take hold here and demand should be flowing in anytime. Higher TFs are expected to transition into a trading range and bears might capitulate soon after driving this pair higher. Buying 61.8% retracement with stops below the low of setup leg seems reasonable. However, strict risk & trade management is a necessity as the trade setup is a lower probability better R:R setup that should be approached with caution.
TVC:USOILLong
by Zoen_Trieste
2
AUDUSD - Blasting off as predicted!As predicted in our analysis over the last 2 day, there was a very strong bullish pinbar candlestick off of a key level, and then on the hourly charts there was a very strong bullish double bottom pattern. You can see those previous analyses here and here As I had mentioned, we simply needed a catalyst to push prices up and begin validating these bullish signals. That catalyst has come in the form of critical news announcements out of Australia. We have clearly broken the pennant pattern that I market on the chart and are on track to completing the bullish 1-2-3 reversal pattern. Once that happens, as they say "It's all over but the cryin", at least for the bears. I had already entered the trade at .7490 with a stop loss at .7410 (just below the low of the bullish pin bar candle). Once the 1-2-3 pattern is validated I will then move my stop up to my entry point, essentially make this a risk free trade. Remember though that while these are all very positive bullish developments, nothing is guaranteed. Reversals of long term trends are very difficult to reverse. Stay prudent and defensive while price breaks out or until the patterns are invalidated.
Long
by krugman87
QQQ rejected by KJ Line on 4hrQQQ is not a safe buy here. We have a bearish normal TK cross in the cloud and a clear rejection of the Kijun line on the 4 hour chart. Cloud is also twisting red which is another indication of a more downware movement ahead. A second item to note is the DMI. The (DMI-) is at 33 with the ADX at 43. Both are indications that the bears are still in control. We bounced today and will most likely fall tomorrow to create the 2 of a possible 123 rebound. I will not be stepping in here to buy until we get a bullish cross on the 4 hour TK. I am short until then.
NASDAQ:QQQShort
by synthius03
BTC continues to consolidate, on the way to a perfect call!!! Nothing is more difficult than to make a good count inside a handle and try to identify the waves correctly (especially with a BTC like the one we have lately), so I went to my old Elliot teacher. The B wave was formed a few days ago and now we are on our way to C. All within the consolidation phase. The BTC is on its way to retesting the 780/700 range (-25%) ideal for getting long or how other traders wait for it to break the neckline of the cup. I apologize for the comings and goings of the charts, but welcome to Bitcoin. The only thing certain is that the whole life of the BTC formed a perfect cup and handle pattern, a perfect retracement, an increase in volume in the perfect handle and now what would be missing is most important to identify C to get LONG. 100% TA 0% FA on this chart Good trading, good profit for all!
BITFINEX:BTCUSDLong
by AndresThomasShirakawa
1