UnknownUnicorn6293208

UnknownUnicorn6293208 Updated 

As you can see about finishing Bearish Impulse Waves, about to enter a reversal area then expecting a retracement before continuation down trend. Just the impulse waves alone is a reason why I couldn't enter to go for a long entry, if this was a long situation, those impulses should be up trending, not down trending. Those looking to go long position, the one...

UnknownUnicorn6293208 Updated 

Now that the Zig Zag pattern is finished, we can start looking for entry for short positions. Expecting a retrace either to the 38.2 or 61.8 and back down from there. For now, don't fall for the impulse traps thinking this is a reversal, I don't see any signs of reversal any where on any graphs at the moment, but do allow the market to play out. If the chart...

UnknownUnicorn6293208 Updated 

One of my favorite set ups, the zig zag, with the right chart we can see this structure matching nicely with stochastics. Zig Zag, 3 wave corrective structure, stochastics with a double top reversal formation, everything is down from here. While others are seeing this as a support area, i'm seeing this as a correction area to a continuation down. Do not think...

UnknownUnicorn6293208

This consolidation is taking a lot longer than expected, looking towards AUD Market open for the next possible move. Waiting for a set up to go short, or maybe a reversal, but from the way things look at the moment, continuation to short position is most likely scenario. Stochastics in overbought condition on 30 minutes with slight down trend, but still hasn't...

UnknownUnicorn6293208

This is a possible scenario from seeing similar Zig Zag sets ups. Being that the overall market is still bearish, I'd expect another correction pattern before another down trend. From what is looks like as for now, a start of a Zig Zag Pattern (5-3-5), seeing bearish impulse waves in the first movement, will have to sit and wait to see what else comes out of...

UnknownUnicorn6293208

After taking a look into the charts, the chart is still bearish in nature. Haven't seen any signs of reversal at the moment, but at current prices I do see a possible Zig Zag correction forming. While there are people who are buying getting caught in another psychological trap, we stay with the current bear trend until we have a finished reversal pattern, then...

UnknownUnicorn6293208 Updated 

Expecting a retracement and sometime today a short continuation. Stochastics is about at an end of a small down trend, looking for possible retracement at these levels, but still not enough confirmation, if there is no retrace, then this will continue down from here. Overall on multiple time charts things are still bearish in nature, so still expecting short...

UnknownUnicorn6293208

I notice a lot of people thinking of buying, but the structure is still bearish in nature. For those who dare to buy, you just fell for a psychological trap trying to predict reversal points, when really we should be looking for trend direction. 4hr Chart trend still supports short position. Stochastics has a Reversal pattern to the down side while people are...

UnknownUnicorn6293208

This consolidation have a lot of people confused on direction at the moment. From looking at the stochastics we have a down trend movement with price movement pushing to the upside, this suggests that a short trend is in play inside this confusing structure. Even checking on multiple time frames, stochastics still support a short position, until I see a bullish...

UnknownUnicorn6293208 Updated 

Just to give another view point of what is going on within the Weekly set up. In the 1 Hr chart we have ABC pattern developing within a Triangle Pattern Consolidation. This was similar to another similar to another consolidation pattern 2 weeks ago on a 30 Min with a big wave to the upside before reversal. Being that I'm looking at the 1 Hr chart, this is...

UnknownUnicorn6293208

After watching that market recently, we are in a major consolidation into the end of Wave 4, about to start Wave 5 soon this week. Right now, if you were to look at the hour chat, there is a Triangle Pattern in the works, currently on Wave 3 Triangle Pattern, and it looks that it wont finish until into tomorrow May 12 for those in the U.S. Stochastics in...

UnknownUnicorn6293208 Updated 

Giving another point of view from an hourly chart, we can see the stochastics in a divergence, meaning down trend is still in play. The only thing I can't control is the gap ups and down that comes with the market open. Once we get back into a trend, then we'll really know how to trade for this week, but allow the market to play out. Sit back and relax, day 1...

UnknownUnicorn6293208

Just looking at the graph, this looks like another correction Triangle Pattern, waiting for the 5th move before figuring out the next plan of action for Day 1. Let Sunday open play out, then we'll be able to trade properly. Happy Hunting.

UnknownUnicorn6293208 Updated 

Been watching very closely and the market is still in a major down trend at the moment. Don't see any upside reversal till around 1.8500 levels based on weekly charts. The only option at the moment is to position for short set ups depending on the cycle patterns. Currently in Bearish Impusle wave 2 going to 3, used Fibonacci extension once key points were...

UnknownUnicorn6293208

Just to give us the bigger perspective. Bearish in perspective even on weekly chart with Bollinger Bands. Stochastics also with a down trending divergence. So when we are wanting to trade, taking short positions are your high probability set ups at the moment. Happy Hunting.

UnknownUnicorn6293208

This week I had to take a look at the bigger picture to get an idea of why charts been moving the way it is. To my surprise, we are in a Impulse (Pull Back) 4 inside of weekly charts. Knowing this information, gives us an idea of the dominant direction in play With so many charts wanting to reverse to the upside, and after seeing many failed Impulse Bull Waves...

UnknownUnicorn6293208

After taking another look into start of Day 2, we have a continuation of correction into today. For those who is familiar with Elliot Wave Theory, this would be a Zig Zig (5-3-5) Pattern. Yesterdays, Triangle Patterns took nearly a whole day to complete, it wouldn't surprise me if the whole day does the same. So I personally wouldn't trade unless you knew how...

UnknownUnicorn6293208 Updated 

So taking a look at the bigger perspective, we had just got to the end of an ABC. Last day of trading, all patterns going up and down had failed, meaning that we are in a consolidation. Prices had stopped at support levels of Impulse (Pull Back) Wave 4. The only next move is to anticipate the Impulse Wave 1 (Bullish). I figured it's better to take a look at the...