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Evening Star

GBPUSD - bearish evening starA bearish evening star has appeared, this shows signs of bearish moves coming. The price is currently around halfway through the channel and if the price pushes down from here we could see another retest of the support level of the channel, maybe even a breakout the bottom of the channel. I would keep everyone updated on this pair but this is a signal that the price may be getting ready to fall, also it has formed just under the previous high created.
Short
by JohnnyPurtoy98
USDCAD 15M Short | Evening StarCandle Pattern: Evening star Trend: down Trend Entry: wait TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .764 Fib TP: 1+ Stochastic: over-bought MACD: bullish 200SMA: above BB: n/a Pivot Point: R1 Elliot Wave: Currently on wave 5 Looking for a final wave 5 low or a retest of the last low Notes: Entry placed at 764 of last swing high, above 200sma, shy of R1 pivot stochastic showing over-bought at time of entry macd is showing bullish strength at time of entry. Was bearish at time of analysis What can go wrong: could start the ABC upside correction instead
Short
by ironcondor
EURCHF 15M Short | Evening StarCandle Pattern: Evening star Trend: up Trend Entry: against TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: 1 Fib TP: 1+ Stochastic: over-bought MACD: bullish 200SMA: above BB: n/a Pivot Point: R1 Elliot Wave: Currently on wave 5 Looking for the start of ABC correction to the downside Notes: Entry placed at the last swing high stochastic showing over-bought at time of entry macd is showing bullish strength, however we are seeing some divergence to the downside What can go wrong: could make a new wave 5 high beyond my SL
Short
by ironcondor
AUDCAD 15M Short | Evening StarCandle Pattern: Evening star Trend: down Trend Entry: with TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .618 Fib TP: 1+ Stochastic: over-bought MACD: bullish 200SMA: above BB: n/a Pivot Point: R2 Elliot Wave: Currently on wave 5 Looking for new wave 5 low to be completed Notes: Evening star formed at the 764 level. Entry placed at 618 fib for entry to the downside right at the 200sma stochastic showing over-bought at time of entry macd is showing bullish strength, however we are seeing some divergence to the downside What can go wrong: wave 5 could be completed and we could be starting the ABC correction to the upside instead
Short
by ironcondor
USDJPY 15M Short | Evening StarCandle Pattern: Evening star Trend: up Trend Entry: against TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .764 Fib TP: 1+ Stochastic: over-bought MACD: bullish 200SMA: above BB: n/a Pivot Point: R2 Elliot Wave: Possibly Elliot wave 2 Looking for next swing high to fall short of previous swing high then make a move for wave 3 to the downside Notes: Evening star triggered entry at the .764 fib level of previous swing high. Entry placed 10 pips of current swing high 200SMA is starting to show possible turnover to the downside. Looking for a retest of the last swing high before making a move to the downside stochastic showing over-bought at time of entry macd is showing bullish strength, however we are seeing some divergence to the downside What can go wrong: could make a new wave 5 instead
Short
by ironcondor
USDCAD 15M short | Evening StarCandle Pattern: Evening star Trend: down Trend Entry: with TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .618 Fib TP: 1 Stochastic: over-bought MACD: bearish 200SMA: below BB: n/a Pivot Point: Pivot & R1 Elliot Wave: End of wave 5 Looking for final wave 5 low Notes: Evening star formed at 764 fib level, around the r1 pivot stochastic within over-bought zone macd is showing bearish strength What can go wrong: ABC correction could start now
Short
by ironcondor
USDJPY 15M short | Evening StarCandle Pattern: Evening star Trend: down Trend Entry: with TP/SL Ratio Target: 3 to 1 Target TP PIPs: 60 SL PIPS: 20 Fib Entry: .618 Fib TP: 1 Stochastic: over-bought MACD: bearish 200SMA: below BB: n/a Pivot Point: Pivot && R1 Elliot Wave: Currently on wave 4 looking for wave 4 to make a completion closer to wave 1 high Notes: Evening star expected to form at the 618 or 764 level then make a move down to finalize elliot wave 4 stochastic within over-bought zone macd is showing strength moving from bearish to bullish. Im hoping for 1 more drop before the real push to the upside What can go wrong: wave 4 could be completed already and this could be the start of the upside move.
Short
by ironcondor
EURUSD 15M short | Evening StarORDER OPENED OVERNIGHT CLOSED BEFORE POSTING THIS Candle Pattern: Evening star Trend: down Trend Entry: with TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .764 Fib TP: .236 Stochastic: over-bought MACD: turning bearing 200SMA: slightly above BB: n/a Pivot Point: R3 Elliot Wave: wave 4 completion possibly wave 4 completion area as its getting close to wave 1 low. Looking for a test to the wave 1 low then make a move to the downside to make wave 5 Notes: Evening star formed around the .618 retracement. Looking for price to hit .764 before making its move to the downside stochastic hitting over-bought zones without making new highs macd is showing a bearsh move to the downside What can go wrong: wave 4 can go too high past my SL and get very close to wave 1 low breaking wave 1 low would indicate a possible ABC to the upside instead
Short
by ironcondor
USDCHF 15M short | Evening StarORDER OPENED OVERNIGHT Candle Pattern: Evening star Trend: up Trend Entry: against TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: 1 Fib TP: .50 Stochastic: over-bought MACD: Bullish turning bearing 200SMA: above BB: n/a Pivot Point: pivot && R1 Elliot Wave: Wave 3 high established looking for a move to the downside to form wave 4 low Notes: morning star formed at a swing high point, price dipping below brown and purple SMAs showing some weakness in the bull trend. stochastic oversold a the time of placing the order. Looking for stochastic to move back to overbought around the last swing high before making a move to the downside. macd is showing a bearsh move to the downside What can go wrong: new wave 3 high can still be established
Short
by ironcondor
CADJPY 15M showrt | Evening StarORDER OPENED OVERNIGHT Candle Pattern: Morning star Trend: up Trend Entry: against TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .764 Fib TP: 1 Stochastic: over-bought MACD: Bullish turning bearing 200SMA: above BB: n/a Pivot Point: pivot && R1 Elliot Wave: Correction Phase Wave A completed, looking for B point shy of wave 5, then make a downside move Notes: morning star formed at the brown SMA. Entry placed at the high of the star which is equal to the fib .764 and SL extends past swing high stochastic was oversold at the time of entry, looking for stochastic to go overbought around the 764 level then sell off macd is showing a bearsh move to the downside What can go wrong: could establish a new wave 5 high.
Short
by ironcondor
AUDJPY 15M short | Evening Star EntryCandle Pattern: Evening star Trend: down Trend Entry: with TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .382 Fib TP: 1 Stochastic: over-bought MACD: trending up 200SMA: below BB: n/a Pivot Point: pivot Elliot Wave: Possibly the start of wave 3 to the upside but since price is below 200sma, going to try to see if price action retests the lows before moving up. Notes: double evening stars formed just below the 200 sma Entry placed at the evening star level where SL will extend past the stars and also beyond the 200sma stochastic entered the overbought zone and is begining to turn down macd strength was on the downside and has currently moved to the upside. Hoping for a correction back to the downside What can go wrong: wave 3 could start now and move to the upside
Short
by ironcondor
GBPUSD 15M short | Evening Star EntryENTRY MADE OVERNIGHT Candle Pattern: Evening star Trend: up Trend Entry: against TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: 0 Fib TP: 1+ Stochastic: over-bought MACD: trending down 200SMA: above BB: n/a Pivot Point: pivot Elliot Wave: Wave 5 completed. Looking for a drop to create wave A correction Notes: Entry placed just shy of the last swing high. Playing against the trend because im looking for a wave A correction from the wave 5 completion stochastic entered the overbought zone several times without making new highs in the price action macd showing strength moving to the downside What can go wrong: could end up making a new wave 5 high.
Short
by ironcondor
USDCHF 15M short | 764 Fibonacci EntryCandle Pattern: evening star Trend: down Trend Entry: with TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .764 Fib TP: 1+ Stochastic: over-bought MACD: up 200SMA: below BB: n/a Pivot Point: pivot Elliot Wave: wave C pullback, looking for wave C to make a new low Notes: Entry placed at the .764 level at the pivot point and just at the 200sma. SL extends beyond last swing high stochastic entered the overbought zone and making a dip back to the down side. macd showing strength to the upside What can go wrong: could be the end of wave C and the start of a new uptrend
Short
by ironcondor
USDJPY 15M short | 764 Fibonacci Entry | Evening StarCandle Pattern: evening star Trend: down Trend Entry: with TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .764 Fib TP: .50 Stochastic: over-bought MACD: down 200SMA: above BB: n/a Pivot Point: R5 Elliot Wave: possible Wave 4 completion and the start of wave 5. Wave 4 is at the edge of the wave 1 zone making for a high probability entry to the downside Notes: Entry placed at the .764 level at the R5 pivot point where 20 SL extends in the wave 1 zone stochastic showing extreme overbought and momentum slowing down to the upside What can go wrong: crossing into wave 1 territory would invalidate the downside elliot wave trend and might actually be the start of a new elliot wave to the upside
Short
by ironcondor
LTC BREAKS INVERSE H&S FOR A SHORT-TERM BEARISH MOVEHello guys, The right shoulder of the inverse H&S and a symmetrical triangle are broken with an evening star. LTC move has formed a beginning of bear flag. These indicators involve a test of $152 support in the short-term. Just a bearish momentum I think, LTC should recover its value in a few days. Don't forget that LTC has formed a huge and perfect symmetrical triangle with an ABCDE Elliot wave, so LTC should result from moves in $150-$180 price range to complete the E of the wave. Take a look at my daily-chart analysis. (Link for "The bright future for Litecoin" below) Hope you like my analysis, agree or comment below ! Have a nice Sunday ahead ;)
BITFINEX:LTCUSDShort
by HatrekoS
3
USDCAD 15M short |Fibonacci Overnight EntryAUDUSD 15M long | 764 Fibonacci Entry Order opened and closed overnight before able to publish Candle Pattern: evening star Trend: dowqn Trend Entry: with TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .764 Fib TP: .50 Stochastic: over-bought MACD: down 200SMA: below BB: n/a Pivot Point: pivot Elliot Wave: Currently at C correction point. At time of entry we were seeing a pullback off the C low point. Looking for a 786 retest to the C low or a full break to make a new C low point Notes: Entry placed at the .764 level above the pivot point where 20 SL extends the last swing high stochastic showing bought zone while in downtrend macd histogram showing momentum strength to the downside TP Goal set to 40 pips What can go wrong: correction C might be fully completed and we might see a new trend to the upside
Short
by ironcondor
USDCHF 15M short | evening Star Patterntrade entry opened overnight. See previous idea that outlines my entry goal. Candle Pattern: evening Star Trend: up Trend Entry: against TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .764 Fib TP: 1.0 Stochastic: over-bought MACD Histogram: contracting down 200SMA: above BB: n/a Pivot Point: R1 Elliot Wave: elliot wave 5 possibly completed and looking for the start of ABC correction. Notes: evening star formed around the 1.0 level and the R1 pivot point stochastic showing overbought macd histogram showing momentum slowing to the updside. Crossover just happened TP Goal around 40 pips but will let it ride as far as possible to point A What can go wrong: elliot wave 5 could continue to make new highs and blow past my SL.
Short
by ironcondor