RalphStPierre

RalphStPierre

Price approaching the PRZ with RSI in the extreme. Short on trendline break and RSI break down below 80.

RalphStPierre

Tempting to long silver here off a bullish shark. But it doesnt qualify yet. If price drifts sideways and RSI moves to a low extreme then on a RSI break out you could long silver. If price leaves us behind without the RSI extreme. Then we can watch price action at the 5-0 projection and maybe take a short there if price action qualifies. As for now. Silver is on...

RalphStPierre

wave 5 projection is a retest of a former supply zone @ the 1.5700 area Bullish Shark @ 382 fib ( although a shallow correction AO and 34 Stochastic has confirmed wave 3 complete. the guidelines of alternation suggest. that wave 4 to be slow and complex as wave 2 was sharp and simple) Off the shark patterns are were you will find 5-0 patterns. Although a deeper...

RalphStPierre

Weekly intermediate degree Wave 5, abcd 1.618 termination and weekly demand zone converging on the 0.52000 price area. abcd equality suggests we could see this price level a year out. ( its a long time out. but if you are going to make projections. well. make them. lol. no one will remember anyway. well. except the boss. lol ) Daily chart suggests a bearish shark...

RalphStPierre

Bearish Crab Complete. Short Opportunity

RalphStPierre

Potential Gartley and abc correction Point T. Pattern could morph into a Bat.

RalphStPierre

Trade active off a Bat pattern. 618 Target fills the gap.

RalphStPierre

This pair on the H4 TF has been added to the watch list. Entry and TP levels are pre planned. Alert set for (IF) price enters the potential PRZ

RalphStPierre

Close below the wave or trendline break triggers short entry. TP previous low

RalphStPierre

Small scalp potential on Trendline break

RalphStPierre

Potential Long Trade Close above wave or trend line triggers long to previous high. GBPUSD has similar set up short potential to previous low.

RalphStPierre

Although Bullish the DXY it is in a possible correction phase to the 96 area, giving us believe that EU, Gold and UJ are in a correction phase as while. Golds trade plan for this week. Scalp the i-ii leg off a 123 pattern long. To what could be a possible Bull trap. Then trade the Bull trap on on either a trend line break double top H&S pattern 123 pattern or what...

RalphStPierre

Week to week Gold increased net long positions above the weekly long average. Shorts increased as well. However the net average ( 13 period ) long is down 2 points and the net short is up 2 points. Bias remains long but short strength maybe increasing giving early warning signs of a shift in bias Gold is entering into a weekly supply zone . Will the bulls...

RalphStPierre

expecting some more push to the upside. speculators increased their net long positions with net long holdings @ 73k double from two weeks ago giving us the highest net long positions since 2011. and decreased their net short positions by 7k. we are still expecting throw over of our weekly descending triangle pattern point E into a former supply area and bottom of...

RalphStPierre Updated 

Although the study is made on a low time frame. I am firm believer in higher time frame projections and believe they are more accurate. Which would be another interesting study.Here is a study in high a probability reversal area made on the 15M TF. Just for an exercise in using high probability reversal areas. Wave rules and guidelines. S/R levels. Harmonic...

RalphStPierre Updated 

Notes on chart

RalphStPierre Updated 

A possible correction on the H1 TF can be traded with a FG trade to the Tunnel. Triggger > Close above the wave To trade the H1 TF (grey) iv/v leg with a BO4 Trade. Trigger > is either or or all. Trendline break. Reversal Candle Pattern and Close below the 13 EMA Looking for the end of (grey v ) @ the 1.79 projection. A deeper Wave 2 (blue) correction can be...

RalphStPierre

Currently on the side line with this pair waiting for the next COT report. Our current thoughts are the institutions are setting up a pump and dump on this pair but with current data its still unclear.