Previous Gartley on COPPER worked out great! Second Gartley has formed and hopefully we will get 2 out of 2. RSI going overbought (82.9) and copper still trading within the triangle gives us extra confirmation for a short.
USDJPY broke the downwards channel earlier, now looking for an retracement of at least 102.591.
wait for D completion within PRZ around 88.6% good amount of confluence Resistance lvl lining up with 88.6% fib stop loss 40 pips above entry look to target towards the 0.75332 trail if needed and next towards 0.73921
Analysing NZD/CAD on the daily TF we can see an inverse head and shoulders formation completed and a potential break of the neckline reaching new highs. Upon a successful break of the neckline we could see a huge bullish movement up to the 1.01-1.02 level. Trade with care.
You can see that the consolidation shows we are in a bullish behaviour however the descending wedge formation portrays that GBP/JPY has the potential to pattern out and perform a bearish move in order to keep supply and demand flowing. The bearish flag pattern has been identified as this correlates with the potential channel. I believe that the trend will create...
Potential inverse head and shoulder pattern forming on the 240 TF, will be looking for a bearish RS down to 23.6% fib, then a bullish leg up to the monthly TL and look for a possible breakout. Just an idea on the current price action, let me know your thoughts!
Wedge pattern broke, the continuation of the trend must carry on moving, I believe the trends movement would be slightly bullish as the euro is gaining strength. I have placed targets of where the trend may roughly go. The current potential bullish wedge may be giving the trends formation in where the type of movement would be directed. Current point:...
The FB daily shows a coil around the point of control in the 114s. A break north of the coil on weak volume, paired w/ a flat RSI, and MACD negative divergence indicate a potential reversal back into the coil. If the support in the 113s holds, the coil should then break north again. If it fails, it could result in a possible bow draw reversal of the coil, at which...
$GOOG is coiled up on the daily. Nearing gap fill into broadening formation resistance. Short on the gap fill.
Busy chart, so bare with me. Bold call, but the more I look at the FANGs on a combined chart, the more I see an (incomplete) bump and run reversal (BARR) in blue. A head and shoulders is present within a broadening formation in white, that gives room for the H&S to complete. Support in green, resistance in red. Down.
INTC weekly broadening formation into resistance & keltner upper extreme. Looking for a move back to POC in 32s, potentially lower into support plotted below.
2618 Trade Formation With Feb Confluence
SGY- Long Trade Logic: SGY- Long Trade Logic: Ascending triangle formation, swing trading Entry Price: 7.53 Target Price: Target 1-9.2, Target 2- 10.61 & 11.30 Stop-Loss: 6.57 You can check our detailed analysis on SGY in the trading room link here- Trade Suggestion Date: 21/6/2016 Trading Room - Executive summery link: Time Span: 13:15” Trade Open: Waiting for...
Buy throwback if there's one with a Stop loss at 0. profit taking can be very high if the structure is valided by the market. look at the graph..
Here we are looking at a bearish gartley setting up to complete at 0.68831 Entry: 0.68831 SL: 0.69379 TP1: 0.68195 TP1: 0.67903
Entry: 0.79107 SL: 0.79393 TP1: 0.78858 TP2: 0.78701
Entry: 155.777 SL: 155.567 TP1: 156.078 TP2: 156.262