JamesBrown

JamesBrown

On chart.

JamesBrown Updated 

The Deep Crab is the one that I don't want to forget about here, with that heavy support just above it, but it is likely many weeks off, if it even completes at all. We still await price reaction before reaching 0.886 retracement of XA to keep the Bat and Crab pattern valid. The Bat may complete within a few days. The Crab is likely to be at least a week out.

JamesBrown

Plenty of support showing up on the daily after a Bullish Bat completion. Targets one and two on the chart for that pattern. If the Bat fails (0.886 retracement of XA), then there's also a Bullish Alternative Bat (1.13 retracement of XA) and Bullish Crab (1.618 retracement of XA) in the making. All of this is made possible by the close to 0.382 retracement of B...

JamesBrown

For XABCD, D can be anywhere from 0.886 to 1.13 (fibs retracement and extension, respectively) of leg XA. Price Action determines if/ when we go short, based on this pattern's development. Two traditional targets for this pattern are given, both for D at 0.886 and at 1.13. One may also decide to shoot for 0.5 of CD as the first target and 0.886,or even 1.0, of...

JamesBrown Updated 

The set-up isn't there yet, but it may come soon and the success odds of at least a break even trade (setting stop to break even after price moves 1 or 2 stop levels in favor of the trade) are better than 1 to 1, IMO. Stop above major resistance, targeting major support.

JamesBrown

The first chance is a simple test of previous support, turned resistance, target recent major support. The second chance shown here may take a while to develop. It's an harmonic pattern called "Deep Crab", a counter-trend pattern that gives a "potential reversal zone" (PRZ), within which we look to take the counter-trade when price action favors the direction of...

JamesBrown

Price ranges for a while as the candles continue to eat away at the momentum of the 50 MA (red) and eventually flatten it. Volitility should decrease for the next couple of days, perhaps allowing for another 50 bollie squeeze to happen again soon. Price will take this time to close some, or all, of the gap to the 200 MA (pink). In any case, not a whole lot to...

JamesBrown

A little further price drop in ETHUSD will complete a Bullish Bat Pattern on the hourly time-frame. Stop, targets, and PRZ on the chart. Major supports highlighted. Uptrend line is also shown on the chart.

JamesBrown

I show three harmonic patterns currently in play for BTCUSD - Bullish Crab, Bullish Gartley, and Bullish Deep Crab. Both of the Crab Patterns have yet to complete (reach point D). The Gartley has completed D and tested every point of its PRZ (enter on test of bottom of PRZ), so we await to see if one, or both, of its targets will be hit (as the Gartley stop-loss...

JamesBrown

1.) I show one recent harmonics pattern that has already completed within BTCUSD on the 4 hour time-frame, and hit its targets - Scott Carney's version of the Gartley Pattern. 2.) I show a Deep Crab Pattern that is in formation, and yet to be violated, with descriptions for how to calculate the "potential reversal zone" (PRZ), from which to look for bullish price...

JamesBrown

Here's a look at a "mega" weekly pitchfork and major price pivots. The way I drew it, price has recently reacted to the median line, with highs reaching just above the 0.625 pitchfork level (each line is a 0.125 increment of a pitchfork). Of course, this isn't really a valid pitchfork, since prices have never reached the 1.0 level in the first place to create...

JamesBrown

Only short when shorter moving average (80 SMA) is over the upper thick bollinger band (400 SMA square root of 2 standard deviation band). Only long when it's below the lower. The actual entry trigger is one of six things (in order of most importance): 1.) test of major horizontal resistance line 2.) break of a pattern that supports the bias (e.g. M pattern for...

JamesBrown

Head and shoulders breakout already happened. Short the pullback to the neckline.

JamesBrown Updated 

Not so much a trade strategy by itself, but perhaps a useful tool to compliment a trade system or to be used as a trade entry filter.

JamesBrown

Two potential new price/time relationship trajectories that may or may not work out to be of any value in the future. Both need a little more "play" (tests and reactions) to their respective median lines to demonstrate that they have some predictive value. However, if either of their lines hold up any kind of reactive pattern to price, either as support/...

JamesBrown

Not attempting to predict anything here. Just giving a look of how valid pitchfork levels can be in retrospect and how they can be useful in spotting big swings and future price pivots (swing trades). The latest pitchfork could have been useful as a predictive tool, going way back. All the tests of the median line that already began in 2012 and happened several...

JamesBrown

Fibs retracement and extension levels are taken from all major swings in price and then these retracement and extension levels are compared against each other to see how/ they line up, or if any of them line up. Areas that get a lot of these lines within the same price form "confluence zones" and are the likeliest candidates for becoming major pivot areas in the...

JamesBrown

The idea is summed up pretty well by the comments on the chart.