Koryphaeen

Koryphaeen

A bat pattern is setting up at the bear trend line resistance level. Details of entry and trade management on the chart

Koryphaeen

A Cypher pattern is forming at a long term major structure level which turned from support to resistance. There is fib confluence at that area and the RSI is overbought. I think this is a good opportunity to go short.

Koryphaeen

A pure structure based trading idea to bag around 100 pips. Price action is in a corrective move from the previous impulse leg, it reached perfectly the 38.2 fib level as resistance, than broke through to finally retest it as support. I think it will rally at least till the 61.8 fib level.

Koryphaeen

I really can't ignore that ascending triangle which is forming right now, as in the case of the gold yesterday. anyway, I would take the agressive entry in this case, minimizing the risk in the eventuality in breaks and closes through the blue support line. My entry is at the touching point with the blue line. It could be taken in a conservative way as well, when...

Koryphaeen

Earlier today I was analyzing this idea, to not buy the gold when everybody said it must be bought, but wait until the descending triangle will complete and eventually a breakout to either side occurs. As awaited, the breakout came to the downside, urging for early completion of that Gartley pattern presented in the chart below. Price action can very easy continue...

Koryphaeen

Time to buy this pair, after a Cypher and a Head and Soulders formed. Details on chart.

Koryphaeen

It's a lower time frame trade on the 15m chart. After the completion of a perfect bat pattern, a Gartley is forming (almost completed). Nice possibility to bag some profit at the rally.

Koryphaeen

I took this trade for several reasons: - Cypher pattern completed and in my view is still a valid one (D leg did not passed X) - strong RSI divergence at the bottom, which NSL could be only a bull trap for those who set a too close SL for the Cypher - near double bottom with X and rejection Details on the chart. I took both Gartleys presented on the chart as...

Koryphaeen

Could be a good chance to get long at brakeout. Make sure to avoid bull traps when setting the SL...

Koryphaeen

As you can see from the chart, a perfect Bat pattern has formed, and it's not late to jump in for some profit. Details on the chart.

Koryphaeen

Perfect Three Drives pattern is setting up with double bottom retest and RSI divergence. A good chance for long.

Koryphaeen

I will go long on this pair when PA will retest the long term trendline acting as support at completion of the AB=CD pattern. See below the channeling as well.

Koryphaeen

Hello Traders, I identified the following Gartleys which are setting up on the 4h timeframe. I would take a long trade on the D completion point of the smaller one and a short position after price will rally to the D completion point of the bigger one. Please feel free to comment this setup. Good day and good trade to everyone!