MightyFinancial

MightyFinancial Updated 

Low time frame consolidation is attempting to break to the downside. Looking at the potential right shoulder formation of a h4 H&S. Targeting known support and an area of intraday liquidity / previous established support that created an impulse (partial profit levels). I got in on wick highs of consolidation.

MightyFinancial

A thought on current DJIA / US30USD price action, this week we saw an end to the relentless bearish push from the past few weeks, giving some relief to US markets particularly after the midterm elections. This has brought us to some areas of previous interaction, marked on the chart above, and I could see price falling for the rest of the day (end of week) to...

MightyFinancial

We are at a major price reversal zone based on the current counter trends fib retracement reading (4H fib). I percieve this as momentum doing one of two things: transitioning the momentum on the daily price action to an uptrend (unlikely) or continuing the next leg down after a potential consolidation near the previous support turned resistance potentially after...

MightyFinancial

Revision from my last markup, I see a bearish gartley forming, and based on the previous, larger TF BOS, I am targeting the zone between 109.630 and 109.900 as the D point of the gartley. I would expect to see a bearish engulfing in that region. As for now, watching for a fib retracement, retest, of the most recent bullish PA. Admittedly, I had not seen this...

MightyFinancial

A break of minor and major supports on the intraday time frames, saw the short opportunity at these points, and monitoring the waves of descent via fib retracement. Basedon fib expansion, I would target the green zone at the 200% expansion level.

MightyFinancial

Confluence markup (on going) GBPJPY