Hey traders, as you can see I'm pretty stuck in the middle of a dilemma here. I do believe that this trade is going to continue the trends impulse waves, the trend may move towards the 5th wave to max the movements potential. However the point of where the trend may bounce back could be a sign of reversal. I have set up the same target in addition to a more...
Butterfly formation complete and valid, shorting towards potential support line with price action.
more price action including 2nd support & resistance, bearish reversal.
Minimal time to explain but the recent trends showing the charts may have shown a possible butterfly formation moving bearish, targets may hit or exceed support line depending on the trends potential, for now I am in the hold as the Pound is at a very weak stage,
This trend will be very interesting as pitchforks are taking over the regression trend (broke). This market is repetitively trending in a bullish manner, you can see the constant impulse waves on a large scale, I do believe that shorts will move in its current stage but at a small significant distance. Therefore, longs will be taking over at a specific point,...
GBP/JPY UPDATE SECOND BOTTOM POTENTIALLY HITTING
This chart seems to be very complex, however I have narrowed my search towards this pair efficient as possible. Notice the double curve and how the trend is being crafted where the down fall has hit. With the help of fib retracements I have estimated the price action in a long term style. You can see the WXY pattern appearing where Y is the third triple top, I...
CRAB PATTERN INVALID HIT RESISTANCE EFFECTIVELY ...
UKOIL (brent) is a commodity that is at a constant change however notifying the changes are a crucial part. As you can see pivot points have been put in to place to record the reversals from sell to buy and buy to sell, the moving average and the average true range may show a sign of a bearish reversal. However I do believe that the 5th impulse wave from the...
In this chart you can see long term longs and long term shorts which means the chart is moving both bullish and bearish in a successive way. You can see little flag patterns appearing in both the bear and bull market. You can figure that the head and shoulders pattern has taken into full effect by hitting a sweet spot for buyers. Currently, I have created a...
This currency pair have been very volatile, the trends are challenging to predict as the pattern shows a constant impulse/corrective waves from (15/07/2016) until (04/08/2016) the date of when the interest rates changed from 0.5% to 0.25%, only then it started to create a clear bullish pattern. Currently I do believe that the EUR will fall, the wedge pattern...
There has been a major sweet spot for buyers between (08/07/2016) till (12/07/2016) a 4 day gap of consistent impulse in the trend. You also see a bearish reversal as the impulse trends hit its peak, it has been 1 month for the down-trend to occur back to its potential stage of where the trend was on (08/07/2016). Whereas, if you refer the pair to its current...
The fundamentals have shown before how the interest rates affected GBP when it rose quickly from 0.5% to 0.25% (04/08/16). Whereas the recent patterns may have given an advantage that that there may be a potential cypher pattern with the help of fib retracements. The cypher pattern is showing a bearish down trend that may occur in the future, however, in the pairs...