CrisBarr96

CrisBarr96

Take a look at the divergence that happened in February 2020. Well that same divergence has happened once again in a similar scale so we can expect a similar type of sell off. Not to mention how overbought the Nasdaq is doing, many will take this as a sign to take their profits.

CrisBarr96

So I'm fairly certain the market will have its first pullback and likely a reversal. Key notes for the reversal - - - - - 1. Check out that Candle wick. It reached that Purple trendline and immediately retreated indicating that big players have taken their bullish positions. At the end of that candle close, it will show a very clear hammer candle. 2. Look at the...

CrisBarr96

So I'm fairly certain the market will have its first pullback and likely a reversal. Key notes for the reversal - - - - - 1. Check out that Candle wick. It reached that Purple trendline and immediately retreated indicating that big players have taken their bullish positions. At the end of that candle close, it will show a very clear hammer candle . 2. Look at...

CrisBarr96

- The SPX500 index has had a 9.7% sell off for the past week. Looking back at the chart's history (avoiding recessions) these sells offs usually range from 8% to 12% before they pullback or reverse trends back to bullish. - - The purple trend lines show relevant prices where there could be a pull back or reversal within the sell of percent range that we've...

CrisBarr96 Updated 

Take a lok at the divergence btween the RSI and Price charts with its recent highs. There's also the Trend lines on the RSI that are testing below the Resistance trend hopefully will be a long term hold as the SPX needs to take a damn break. RSIRSIRSIRSIRSIRSIRSIRSIRSIRSISIRSIRSIRS

CrisBarr96

If you take a look at the Green RSI trend line you can see that it was holding well as a support but the RSI has crossed beneath and retested the same Green trendline as a resistance so we can hopefully see the start of a down trend for a few weeks. You can also see the FIbs extension mark up and the price has reached the .618 level.

CrisBarr96

Will try to hold this to the top purple line in sync with holding till RSI reached the trendline

CrisBarr96

Ok, so this chart looks like quite the mess but hear me out. EUR/CAD had been following a clean WXY correction and it looks like it's about to reach the (A) Correction on the Y wave. So there are 4 good reasons why the price is going to reach my (A) correction. 1. If you take a look at the red trend line, price has crossed over and it is going to use that red...

CrisBarr96

I have here a simple setup using the RSI. If you take a look at the ascending trendline then you'll see that it broke below it and is going for a retest. This does not mean that it's going to be in a downtrend but it will be a small short down to the necklines.

CrisBarr96 Updated 

This is is a very simple setup. EUR/USD has been in a channel since February 2019 and it is represented by Yellow trend lines. It also has a nice Inverted hammer on the 4-hour chart. You can look to take profit at the Previous low or at the bottom trend line. If you really want to push it then you can short it to the green trend line below it as that is a very...

CrisBarr96 Updated 

I was able to spot a few key rules for why this might play out the way it shows. Starting from the high on March 2018 we can begin to line up our WXY pattern. Within that WXY Corrective waves, you can find the ABC correctives. I'll leave you to interpret how you see those but I left them out to make the chart look cleaner. - If you look at Fibonacci drawn from...

CrisBarr96 Updated 

I was able to spot a W,X,Y pattern early on USD/CAD, Right now it's finishing off the (b) correction on the (X) wave. Im hoping for it to retrace to the .618 as I find the X wave to commonly retraces to that spot. After the X wave is complete, I'm hoping for the Y wave to finish up on the major trend line holding as support starting from September 2017. The Y wave...

CrisBarr96 Updated 

So a little more focus on the RSI on the 1 Day time frame, We have placed a Resistance line at 48.1 on the RSI and we're shorting it either to the blue resistance zone, also the (A) correction. This trade would be invalid if rsi break through the resistance line and close above it. If RSI closed above then it's a good chance it will make a good move to the upside...

CrisBarr96 Updated 

USD/CAD is about to reach the end of the X wave and it is common for it to retrace to .618 of the W Wave. I'm looking to short at 1.343 and I'm expecting price to reach the major trend line to finish up the Y wave. This is also going to have an effect on Eur/Cad. While USD/CAD has been moving up the X wave, EUR/Cad has been consolidation. Once Usd/Cad finishes...

CrisBarr96

Simple setup, Price is reaching a solid trendline and obviously looking to go long and holding for possibly a few months. RSI is also completely oversold. I will mainly be looking for candlestick patterns instead of putting in my position as soon as it touches the trend line. That's because this is oversold to hell, it may not even touch the trend line. So look...

CrisBarr96

So if you saw my previous Idea we sold off Spx500 and now we're going to get another entry to Short off the Yellow Trend line on the 1Hour time frame. This also conforms well with the RSI Trend Line. You can also find hidden Support on the 4 hour RSI If any of these trend lines are broken, meaning that candles close above them then I will be closing my positions.

CrisBarr96

So there's a few good reasons this is a good short. 1. Using the Rsi you can see it's being pinched against the 70 levels very tightly now. It should break through that trend line holding as support. 2. Price has reached a Resistance level set by the 3 peaks that occurred in October-December 3. Pretty good Inverted Hammer that occured on 2/25/19 4. Spx500 has had...

CrisBarr96

I was able to spot a few key rules for why this might play out the way it shows. Starting from the high on March 2018 we can begin to line up our WXY pattern. Within that WXY Corrective waves, you can find the ABC correctives. I'll leave you to interpret how you see those but I left them out to make the chart look cleaner. - If you look at Fibonacci drawn from...