Good opportunity for a short top of channel for a 5th wave down If we move up beyond channel, there will be a better opportunity for a larger short at the TL Profit targeting 886 and TL alignment. Full Channel RSI Divergence noted for a stronger move down, not up.
GBPUSD 4HR - Continuation Long - C&H formation Looking for retrace into a W4 to define the C&S and move into W5 into the 168 area Watching for a break and recover around the 22-328 FIB retrace. Chart is pretty self explanatory.
Looking for a break of the falling wedge pattern Bat confluence in the demand zone Looks a very easy drop right here on the 4HR LVL Will we tag the bottom before next wave up?
RSI and AO Divergence suggesting a slow down. I will be trading the break out of the falling wedge, plenty of pips here and sections to trade if we move up. Bat completing in the area Current support area resting on Monthly Pivot. Failure here could also present a nice sell opportunity to 136-137, there is quite a lot or room before support
POT pennant break out of impulse wave Are we looking at another Shark pattern just after the other completed? Very similar structure If there is no strong breakout from Pennant, look for a bearish flag forming We will break one way or the other, I am thinking to the upside.
2 patterns completing in complex FIB zone Standard TP1 TP2 only if we break the TL to confirm more upside. Rejection noted on the current candle, but waiting for 1 or 2 more candles Diverging AO possible W5 complete on this TF RSI returning to normal zone **Monthly Pivot support not tested
Correction running out of steam and coming into reversal zone to continue trend Buy the break of the DAILY or look to be entering the swing at Demand zones for next Wave up.
Rising wedge closing in Supply zone. Pattern confluence Diverging price Sell the TL Break or any other methods for entry.
Shark pattern has formed after a Diverging bottom what looks to be a corrective move Currently in a sell but more interested in next wave up for bigger gains Looking to buy around 0.964, watch for price action around the demand zone.
618 Swing potential with 886 pattern confluence in the zone Ending of Wave 5 for an ABC Correction then onto 60? Has been a nice run and could be a very profitable pullback. Have taken a break from posting here but will try add a couple each week as time permits.
1168 Crab EXT meets with 113 Shark confluence of a few pips If we draw the Shark from structure bottom impulse we get a perfect shark at exactly monthly support. - showing the EXT of reversal area low Emerging pattern shown in grey, both patterns blue are complete. 50% Area of swing Both AO and RSI diverging AO is hinting to a completed wave 3 or near too so most...
Rebounding nicely off the 800 EMA and Daily high TL of Channel Bat 886 confluence Divergence setup Whilst already 40 pips into the trade, it is now testing Monthly Support Check lower time frames for entry at your leisure.
Look to be setting up for a correction We have Full Pattern Divergence. and DIV since RSI has been in the Overbought state until now on the 4HR. Something to review Monday so just noting this on a chart next week.
New and improved Dog pattern, just for NFP! Sell the chin stop at the ears. Happy trading! Now I am off for my long weekend! Catch ya next week!
Really nice opportunity here. Bearish BAT 886 @ confluence with Monthly Resistance almost to the price with in a few pips Fresh supply zone. Full Pattern BAMM Divergence, should see a strong TP2 reversal. 50 Pips away so look out for a strong move to 82.888 on Monday session - Alarm set.
886 and 133 tested in Shark pattern Shark active with first segment complete Looking for a small pullback to enter the trade and see out standard Fib Targets. If the pullback is missed, a break below the 886 then a retest would be sufficient.
We are closing in at top of the Daily consolidation triangle We have a confluence of a 1618 Deep Crab completing 30 pips above monthly support, and at DAILY TL. If we can break Monthly support we can easily hit the mark. We will eventually break out of this triangle but while we are in it we can look for opportunity as it presents to us. Failure here and another...
USDCAD - Monthly support + AB=CD with DIV - 4HR We are just entering Monthly support and AB=CD complete at same price level. A little further down is Butterfly completion point. RSI Divergence is showing us we may not reach the pattern completion levels, and the AB=CD may take effect to react first. Waiting on candle close and reaction here on the 4HR DIV is...