Henrik-SMCTrading

Henrik-SMCTrading

This is a thought trade within a falling wedge, where we expect a structural downward movement to the bottom of the wedge. Tight SL and target price down at both the wedge bottom, 113% fibonacci extension of previous bearish leg as well as previous structure. Provides a good R: R ratio.

Henrik-SMCTrading

Another great Bat pattern in a, for the current timeframe, consolidating pricerange. As always with these we´re not looking for to extended targets - just the normal 38.2% and 61.8%. UNtil PRZ has been tested and additional confirmation is shown - I´m on the sideline.

Henrik-SMCTrading

Back to back with a Shark pattern, that completet its "Type 1" reaction and hit T1, we now see a potential Bat pattern form. I will personally be abit more careful with this one since X point of the Bat isn´t on the absolute high of the previous swing (B point of the Shark pattern). But as with many other patterns forming in the same way, you just have to be aware...

Henrik-SMCTrading

If you look at the 4h timeframe, we have had a pullback from a downtrend. If you go up another step to Daily timeframe, we've had a pullback from a uptrend - so the timeframes are a bit contradictory. This is also seen in the 1h timeframe where we recently had a more consolidating period. This allows both a bearish pattern or, as in this case, a bullish pattern to...

Henrik-SMCTrading

Looking at this potential bearish Bat pattern with great pivot points defining an almost optimal Bat pattern. The B point is close to 50%, we have a distinct startingpoint for X and, we are in a downtrend. Also, we have price levels, to your left, that has been tested couple of times falling at the same level as 88.6% - the most important level for a...

Henrik-SMCTrading

It's still a way down to the fact that we have a complete Bat pattern here but what one can draw from this conclusion is that we are in a clear downtrend where the Bat pattern's "regular" magnet down to the D point, after we got a closing under B, also helps. In a lower (time resolution) perspective, you can use this to take trades in the right underlying...

Henrik-SMCTrading

Apple has broken up through both long- and short-term resistance. Since RSI isn´t really overbought we could look at a short term extension and then back to resistance (now support). A possible target is the Fib extension 127% at 197,69. Stops just below latest swing below the short-term support giving us a nice Risk:Reward.

Henrik-SMCTrading

This Bat pattern has allready started it´s confirmed Type 1 move. I´m late on this so I will wait for a Type 2 test and reaction.

Henrik-SMCTrading

We are looking at a really nice Butterfly forming in Boliden on the hourly timeframe. The B point has been broken on the downside so there is a small window off bearish opportunity as well on it´s way down to D completion.

Henrik-SMCTrading

Litecoin has made a fast movement up to previous high and just completed a Bearish BAT pattern. We allready have RSI Divergence so now we´re just looking to get RSI confirmation. The aggressive trader is allready bearish but I´m w8ing for RSI to break below extreme. Also, with the RSI Divergence, just now, we have a double top confirmed.

Henrik-SMCTrading Updated 

This Bat pattern on the Daily TF I have been watching for some time now. It might push abit higher than 88,6% but with T-bar in place and indicators (Using Ninjatrader HT Pro platform with HSI, Amp RSI and RSI Bamm) up there at the extreme levels I just like to see PA to stall and turn or directly turn, wich is to expect from a type 1 reaction. From the Type 1 I...

Henrik-SMCTrading

This Bat just triggered and I´m looking for a reaction down to ~0,8577. Aggressive management though since this is a type 1 reaction. Also, there is patterns on both the higher Weekly TF as well as on the lower 240m TF that converges at these levels. Indicators, that we use in the Harmonic Trader Platform for Ninjatrader 8, is showing a bearish movement. Great...

Henrik-SMCTrading

AUDCHF, Daily, Bullish Bat We allready had a type 1 reaction on this pattern. Now, I´m looking to go long again with indicators crossing to extreme - only waiting for final confirmation. Also, as further strength, we have a Bearish Bat on Weekly TF working on the D leg completion that on current pullback also has indicators in extreme. Make or break down at...

Henrik-SMCTrading

A really nice Bullish Bat pattern. Waiting to test PRZ and .886 with confirmation.

Henrik-SMCTrading

Waiting for a retest of PRZ. At least the important 88.6% must be tested followed by confirmation triggers.

Henrik-SMCTrading

Watchlist - longer Swing Bearish Gartley completed and tested all levels of PRZ. No trigger on either RSI or H.S.I (Harmonic Strength Index) even though H.S.I bounced of extreme level. I´m looking for a "break from above"..... Watching for a Type 2 reaction and retest of levels.

Henrik-SMCTrading

Watchlist for upcoming week. Emerging bullish Bat and levels to test.

Henrik-SMCTrading

Watchlist for upcoming week. Bullish Butterfly testing levels of PRZ.