RalphStPierre

RalphStPierre

Areas of Interest and potential reversal areas. A correction is due. But When ?

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123 Reversal Pattern Short Opportunity

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Why trading and wave analysis are two different things. Wave analysis by itself is not a trading methodology. It is simply an analysis of what could happen. In school we were taught that every analyst has two counts: A bullish and a bearish, or a primary and a secondary count. And when an analyst becoms a trader it offers tradeable patterns which can be...

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Depending on your trading style every pair offers trading opportunities in either direction and with proper trade management you can still be profitable even if you have the direction wrong. The challenge is developing sound trade entry and exit rules. Wavy Tunnel trend following break out 3 and Jeffery Kennedys " Trade The Pattern Not the Count. offers these.

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Notes on Chart

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Chart Notes

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Chart Notes

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Notes on Chart

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Chart Notes

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Potential Short Opportunities

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Wavey Tunnel Fill The Gap Short Opportunity. Close below the wave triggers the fill the gap trade. TP Tunnel. SL previous high. After a close below the wave a retrace is typical. If one occures a 123 pattern can also be used as an entry.

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potential short. theres also a bearish 5-0 pattern that price has been reacted nice to. A close below red line triggers a trade to previous wave 4 area. Use proper management and trade accordingly.

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Notes on Chart

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Areas of interest. Look for reversal patterns on the lower TF (H4) for confirmation of a potential correction.

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Notes on Chart

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Trend line break and RSI 3 (red) break of the URZ . TP 1.618 and Bat Harmonic zone confluence. Note. Th alternate count could be Wave 1 complete . a bounce off the tunnel higher would suggest wave two complete and wave 3 higher ( if price does not close below .78760 that would suggest wave 3 higher active and the new primary count )

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Harmonic Zone Of Interest. Look for an end of trend pattern. Double top. H&S. 123 Pattern etc. for a short entry

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BO 4 (brakeout 4 ) Trade Potential. Entry and TP as per your trade management. Usual Target for a BO4 is previous low usual entry is a close below Trendline.