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Sharkfx

Costco... Cleanup in Aisle #7 ? Here is a Costco trade (short or position flatten), I am looking at. We have an intersection of 2 harmonic sell patterns. (A Gartley and a Shark) (Note: I would feel more certain/comfortable of these patterns, if point X originated off the August 2022 high.) I have marked my most probable reversal area ($531-$534) and a stop above this level. As always I want some momentum behind my trades, so my entry is around the $522 area. Additionally I want my momentum indicator (bottom panel) to firmly roll over. So 2 conditions must be met. 2 Targets are marked. This is a 4 hour chart. So I am just watching now for an opportunity which Mr. Market may or may not give me. Not investment advice. Do Your own Due Diligence. I will update as needed. Earnings are early December. Good Luck S.
NASDAQ:COST
by Steve666
Wyckoff Price Cycle ExplainedAccording to Wyckoff, the market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time. As a broker, he was in a position to observe the activities of highly successful individuals and groups who dominated specific issues; consequently, he was able to decipher, via the use of what he called vertical (bar) and figure (Point and Figure) charts, the future intentions of those large interests. An idealized schematic of how he conceptualized the large interests' preparation for and execution of bull and bear markets is depicted in the figure above. The time to enter long orders is towards the end of the preparation for a price markup or bull market (accumulation of large lines of stock), while the time to initiate short positions is at the end of the preparation for price markdown.
BITSTAMP:BTCUSDEducation
by Lzr_Fx
GBPJPY continuation patternSo i was going through my jurnal and i find something intresting. I did learn from this that first u cant have ego in the markets and revenge trading is bad. U cant be always right... Second intresting thing that i found out is that this pattern keeps forming in a longer trending markets so something that i will go and backtest and refine my strategy and my trading to keep doing better. Always do your daily rutine guys its so important if u want to be a proffesional trader.
Long
by Lzr_Fx
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