IREN is in the process of making a cup & Handle. With huge upside until 25. The stock needs to be monitored for the upcoming days.
SPUS going short on dow theory based on LH and LL.
MRK is forming a consistent LH and LL and hence going short. Furthermore, no divergence hence the downtrend is strong.
AB=CD pattern formed. Entry point at B point. Tracking for a while and stock is moving accordingly based on the AB=CD pattern. AC are within the range of 0.382 to 0.886 and BD points are within range of 1.13 to 3.14.
AVN formed a head and shoulder pattern. I was working on this trade since August 16th and once the neckline formed I entered into a short trade with sell stop order on August 25, 2023. Although bearish divergence was not present, I still executed the trade knowing the pressure in the market which was evident in KSE 100 index and other tech leading scrips such as...
PSO already formed a head and shoulder. I have been tracing this for a while. Hence going short and then will do a reversal trade. This trade I anticipated the moment head formation was completing and the right shoulder started forming. Hence went short. Now based on the projection derived from the top of the head to the neckline, a potential reversal zone should...
PSO already formed a head and shoulder. I have been tracing this for a while. Hence going short and then will do a reversal trade. This trade I anticipated the moment head formation was completing and the right shoulder started forming. Hence went short. Now based on the projection derived from the top of the head to the neckline, a potential reversal zone should...
PSO already formed a head and shoulder. I have tracing this for a while. Based on the projection derived from the top of the head to the neckline, a potential reversal zone should be forming around an area where a previously low is present making a candidate for double bottom. I will evaluate the bullish divergence around double bottom and based on the divergence...
Bullish bat pattern forming. Retracement is exactly arround 0.5. Now waiting to go long based on the breakout at higher high after forming LH.
DJI has completed the formation of AB=CD pattern and now expecting an reversal on a 30 min chart based on harmonics. Also retracement confirmed at 0.382 which is a strong indication. Also bearish divergence also confirmed.
CHFJPY double top forming with divergence. Going short at the break of LH with a stoploss at Double top.
AUDNZD Bearish continuation pattern to continue until the D Point where a possible reversal is expected. No divergence formed by C point which also confirms the bearish pattern to continue.
SPX is forming a AB=CD pattern where there is no divergence hence the bearish pattern to continue until D point where an imminent Reversal is expected. Make sure to re-evaluate the divergence by D point to enter.
EURHKD: AB=CD pattern for bullish reversal setup. However there is no divergence but my entry is on C Point (HH) and accordingly will setup the stoploss on HL.
Going long at the breakout of Higher High at from D Point/PRZ. Stoploss will be placed at the LL or LH as soon as it formed. The XA is approximately at 0.618 retracement and BC Point project is within the 1.618 retracement. Also C point is within the range of 0.382 to 0.886
EURUSD formation of an AB=CD Pattern where I will try to go long from Potential Reversal zone using a buy stop order. Currently there is no confirmation of the HH and HL however I do see bullish divergence. Entry Point and Stoploss can be adjusted based on the price action.
EURGBP Head and shoulder formation hence going short at neckline.
EURUSD bearish flag pattern to continue as there is no divergence on RSI. Overall trend is bearish.