SergeantPringles

SergeantPringles

We bounced of the lower daily resistance line (solid blue) nicely and now are starting to move to the upside again. Now we see a potential gartley with breakout direction forming and it could be a good trade looking for entries in the PRZ. I will definitly look for a trendcontiuation target2 coming into higher degree structure. but you can even go for a retest of...

SergeantPringles Updated 

pretty selfexplainatory the 1618 projections refers to the right blue triangle. the projection lines up pretty nicely with the upper trendline.

SergeantPringles Updated 

As anticipated in earlier ideas we did see gold rising. im already long a few positions based on earlier breakouts, since they are all breakeven by now im looking for further buys above the current consolidation. The goal is to get all the way up to the solid line for complete the head and shoulders patttern and then look for shorts based on this butterfly....

SergeantPringles Updated 

We are currently apporaching the trendline of the big ABC of the weekly timeframe that corrected the big upmove through the early 10's. Since we already had a mayor upmove towards this area (extended 5 wave structure) i dont expect the market to break through that level with great momentum just yet. we already started a downsequence making a lower high and...

SergeantPringles Updated 

We are currently on the edge. the question is: B wave or one more impulse down? If we can make new highs above the box, this will mean most certainly the confirmation of the B wave. try to look for shorts in the area of the B. if we can however make new lows below the white box then i think another impulse down is likly. note: another impulse down first would...

SergeantPringles

This is a followup to the idea from yesterday (link below) yesterday i said the X point of the gartley was the potential 5th wave of the recent downmove. now that we violated X, this doesnt work anyway, so i had to rethink my view on the waves. I think a reasonable scenario would be to make wave 3 an extended wave with another 5 wave stucture inside it. that...

SergeantPringles

Most importantly i expect one more downwave and we are currently sitting at the trendline of that impulse structure. further we are alos at the top mirrored trendline of that recent upmove. so nice cluster. Lastly this is also at the 618 retracment of the last major downwave. so really nice zone to look for shorts. a simple confirmation (because i need one)...

SergeantPringles Updated 

Simple Bat pattern. I widend my stops abit since the bat is sort of mid air and i wanna utalize the recent support as well as the dashed trendline. targets are bigger anyway and are based on an idea i posted earlier (link below)

SergeantPringles

I tried to go long based on the orange gartley earlier. now that price violated X we have another bigger gartley completion point below. rest stays relativly the same. so check out the other idea for more info

SergeantPringles

I posted that a couple a weeks ago b4 my vacation and just closed out for a nice 8:1 winner. (check link below) The A wave impulse went further than origianlly expected so the next thing to look for is a move up to B. We might even be able to trade for trendcontinuation (above 5 with a small portion) since after that big downmove we might skip the continuation C...

SergeantPringles

Im currently short based on this Gartley. if we get down to C i will stop and reverse to go long following the break of the trendline. USDCAD completed a 5 wave down structure and did now break the trendline, so strong indication that my counting is right and we will see a bigger ABC correction now (orange) with this stopplacement we can however only look for the...

SergeantPringles Updated 

Currently sitting at the end of a 5 wave structure, so at least ABC correction is likly. that will most likly bring us up into previous resistance since the B wave is very deep anyway. however its also possible we will start a bigger upmove now, so i will keep 1 half for that. make sure to bring your stops to breakeven once we approach the blue trendline, since...

SergeantPringles Updated 

AUDUSD broke a trendline after losing more and more upward momentum last moth. so might be the start of a bigger correction here. We now retested structure and the trendline and price got rejected. im waiting for a little bit more confirmation (break of the recent swing) to go short with stops. above the retest highs

SergeantPringles Updated 

We saw a breakout from the solid blue lined trendchannel. and now price is consolidating in that area above it. it will most likly only be an ABC correction here - so only more more impulse up. but that impulse can very well bring us all the way up into the 1.48-50 area. simple trade with great risk reward.

SergeantPringles Updated 

AUDNZD is currently sitting inside an ABC correction on the weekly timeframe now that we broke the wedge to the upside we will mostlilly continue higher forming the C wave (check updates) im currently waiting for the lower degree correction for finish at C to go long to catch the next big impulse to the upside. we have a nice ratio/structure cluster in that area...

SergeantPringles Updated 

I posted the possible ABC correction back when we were at 5 and i made a good profit off of it so far. that being said. i still dont see a qualified B yet which would mean. we will see a smaller ABC to the upside somewhat soon before goin down for another impulse giving us the C wave of the bigger ABC. However from a wave structure point of view it doesnt make...

SergeantPringles Updated 

Followup to yesterdays idea. link below

SergeantPringles Updated 

Simple Bat Pattern insinde an uptrend. White boxes are strong zones of market changes so look for targets there. u can ofc go for trendcontinuation as well. but the trend is already quite overextended so i will take quick profits.