Explanation and observations on chart. CORRECTION: I said a close below the 2 prior days, this should be close below the 2 prior BARS.
These may be new to you. You can investigate and determine their potential as tradeable setups.
We have moved down to the .382 retracement, but are moving back up. This move up could be used as a second chance entry (short) if desired. We have divergences on both the AO and 3/10. By dropping down to a lower time frame, a reversal candle pattern may be offered. Divergences can aid these setups, and should be sought whenever these are considered. Not...
This can be monitored for a further move down to reach the 1.13 AC range within a anticipated Support area. By dropping down to a lower time frame, one can then look for a reversal type candle pattern (or whatever method you use to anticipate a price reversal) to trigger into the trade. I have shown the 3 target levels based upon reaching the 1.13 AC. This would...
This is an alert that this may set up to be a "1.13" short. This could be utilized within a possible bullish Cypher/Shark pattern as well. The "1.13" is focused on capturing some of the initial move down towards the Cypher/Shark PRZs. The two go hand in hand. Note that we are coming into an established resistance area for this potential short setup.
Waiting for short entry trigger. Larger from 2 hr chart, with smaller within. Looking for 1st target area at .382. Manage from there if completes.
This is a recent EUR$ setup on the 4 hr chart.
Explanation on chart. I believe you may find this of value. By utilizing this on a larger time frame, with entries on lower time frame, I think you'll find this of interest. Please feel free to make any comments regarding your findings.
I present this potential Cypher for several reasons: 1. This ratio will rise as Silver rises. As the CD leg is a rally in this ratio, this implies Silver is rising as well. The fact that this CD leg appears to be setting up for a move to the PRZ is further implication that the metals may be turning. 2. IF one agrees that Silver is headed higher longer...
PLEASE NOTE: These are solely my own ideas, and certainly not "generally accepted", lol. These are some thoughts on how to deal with distinguishing PRZs for the similarities in Cypher and Shark harmonics. Both are viable, but the range of XD retracements always (at least for me) raises questions. From .786 to 1.13 can be a rather large area. This illustration...
Platinum is coming off of what appears to be a long term double bottom. We have the XABC points for the longer term harmonic. Also, at point "C" we have a smaller potential bearish Bat with its XABC points as well. As the larger pattern qualifies (to date) for both a Cypher/Shark, I have shown the PRZs for both with their related fib clusters. I also noted the...
I believe that "O" may be in the process of forming a deep crab. I actually have a smaller crab with its PRZ where price is now, looking for a move down. Should it carry through, this will help start the development of the CD leg of this larger Monthly Crab. The weekly chart will show a strong Evening Star reversal pattern (in the PRZ of the weekly bearish Crab)....
This chart has long term implications for the metals. Explanation on chart. :o)
Explanation on chart.
In a prior post, I outlined dual AB/CDs (+ alternate) for a PRZ, which Beans reversed at as anticipated. In reviewing this, I see Beans have moved back up towards the PRZ. In analyzing this, I believe a Deep Crab pattern development may be overriding the move down I was looking for. For anyone who may have shorted in the area of the PRZ of the prior post, I would...
A potential Bullish Shark is forming currently. It's "C" point is a retest of the prior high (possible double top). DXY had broken out of a rising channel and has retested. It appears DXY may be in the process of changing direction here. I have shown an anticipated area for the PRZ (confluence of 1.13 retrace, with BC extension 1.618 and ABx2.00=CD.
Having reversed at our Dual AB=CD (+ alternate) PRZ, we now have the initial requirements for a Bearish Gartley ( or if extends, Bearish Crab). This rally would be heading toward the target areas for the reversal of the larger AB=CDs. These areas are highlighted from prior post. I have shown both the Gartley PRZ area with its BC extension and AB=CD, as well as...
Our ABCD tool has provided some very tight potential PRZs for SPY in the days/weeks ahead. By focusing on 2 key ABCDs currently in play, we have some insights as to where price may turn should they be reached. I have added BC extensions (larger ABCD) for confluence. NOTE: Please notice that the AC measure on the larger ABCD is .618. This could come into play for...