RalphStPierre

RalphStPierre

now charting bullish divergence. a trendline break could be an early indication a short term bottom is in.

RalphStPierre

At a potential turning point. A break of the channel could tell us the short term top is in. A close below the previous wave 4 would be the traditional entry for a counter trend trade. Typically a wave 2 correction is a zigzag with a 618 target. Be reactive and wait for the close below the previous wave 4 to confirm the short term top.

RalphStPierre

Currently at a point of a possible reversal. At this juncture watch for signs of price resuming the advance to complete the longer term correction. Dont be predictive but reactive and wait for evidence of the turn.

RalphStPierre

At this juncture the bearish bias remains intact but offers no trade signal.

RalphStPierre

Trade active

RalphStPierre

notes on chart

RalphStPierre

Added to watch list for a long in the long term. But. Short term PUT potential. A close below the 12 EMA as trigger.

RalphStPierre

At critical support. If it holds look for a 5-3 internal pattern to ride an impulse for almost a double if not more.

RalphStPierre

Short opt

RalphStPierre Updated 

Short time

RalphStPierre

In any event. Play the breakout. I favour the upside on weaker Yen.

RalphStPierre

Is Poland next to crumble.

RalphStPierre

SHORT OPT

RalphStPierre

Was watching my favourite finance show. And the technical guys were discussing this chart and pattern. Do the tech traders trade it? Im short off the triangle pattern. Do we follow through to the H&S measured move?

RalphStPierre

close to triangle validation. as always. watch for the fake breakout

RalphStPierre

Does exuberance at a market top really give clues to a market turning point. Nothing shows exuberance better like throw over and a gap. Another ending diagonal ? If thats the case. The implications are a swift move to the origin of the pattern. How dare we be so bold.

RalphStPierre

Second favourite reversal pattern and pattern price projection gives us 3 projections for this chart, H&S projection. Ending diagonal projection. 1.618 of the (1)(2) price move.

RalphStPierre

Short opt IF the H&S doesnt form short short term support ( Minor degree 4th wave triangle is still valid with a minimum triangle projection of 1.14100 )