MikulovicFOREX
As expected, the butterfly went to the extended PCZ rather then the traditional PRZ Expecting buyers to do their thing considering the strong support anticipated by a PCZ Happy trading folks
In this chart we see a strong decline and a shift in momentum with the trendline breakout. The chart is painting higher highs and higher lows suggesting this market is in an uptrend. We then see a Gartley 886 pattern 1.618 should be top range of PRZ in Gartley patterns but in this case we see it is not. Now another PCZ anticipates strong support around...
Finally, after having it thrown in my face on a daily basis for almost a year, it suddenly struck my mind... Isn't it wonderful how the mind works.. Here we have a strong Gartley 886 anticipating the sell-off in this chart. Eventually the chart painted a butterfly but a very extended version. The question remains: Is this the end of the Gartley 886 or will the...
Expecting a strong rally up to complete the bat pattern at 1602.90 and anticipating a trend reversal from here ''SHORT THE BAT PRZ'' As soon as price touches the PRZ I will reverse positions and manage the trade according to plan. I will let a fraction of the position run with the third profit objective being 161.8% plotted on the chart Good luck to all...
Shark anticipated the bearish 5-0 harmonic pattern. Expecting price to head further down from here, at least into the previous support zone
We seem to have some strength in the dollar on the day-to-day fluctuations, which set up a nice opportunity for hedging the longs we have on this pair. I traded this on the open: Longs are still intact from the previous post 25/01-20 (check related ideas) I dont expect much from this pattern and I believe a move down to TP2, which is 38.2% on the chart, is...
downfall of the dollar ?? Thanks for viewing the chart and please leave a like as a sign of appreciation for taking my time and I will thank you for taking yours aswell Cheers and may God bless
Strong support at the PRZ in this pattern Scroll down to see extended PRZ
Check related idea for more information
03/02-20 potential trend reversal at previous resistance
Shark pattern completed at previous support, causing the rally up. Crab pattern signals a trend reversal with rejection at previous resistance
02/02-20 Daily chart shows bearish butterfly, crab and bat Hourly chart shows bullish crab:
Long term trend Suggests 1 of 3 things since mid 2008; 1. Decline in EU economy growth 2. Rise in US economy growth 3. A mixture of both The downtrend is defined by a parallel channel showing lower highs and lower lows overall, with strong pullbacks averaging at 21.57% Major trend The present major trend appears to be an uptrend, with higher high and higher...
This is a chart of New Zealand dollar versus US dollar. This chart shows that this instrument present trend is within a 4 month uptrend. In my previous chart it appears that the market is forming a cup and handle pattern, but it could also be viewed as a inverted head and shoulders. in my opinion, 0.65 is a great entry for longs in the direction of the ongoing...
This chart is one month old from and from the day of New Years eve I have been waiting a whole month for this scenario. Price seems to have found support some where around 0.65200 and longs should be considered. Looking at a 15 minute chart reveals price forming the same pattern on the live charts and it would be wise to place stops according to this pattern...