dinnersticks

dinnersticks Updated 

A nice shorting opportunty on the 4H timeframe where you see price is hitting a trendline as resistance. The upwards sloping red line is the meridian line of a daily pitchfork. if you are conservative wait for break to the downside. I noticed theres a possible AB=CD pattern which would complete at the 50% fib level. Should price fall and hit the red dotted...

dinnersticks

Greetings, We had some nice price action today as you are probably aware of, we closed above previous structure high and above the purple pitchfork trendline which now acts as support. I have drawn another pitchfork in the chart and tried making it a bit clear for you. Once the red meridian line of the smaller pitchfork is broken price could potentially see price...

dinnersticks Updated 

Hello there, This gartley already completed but might dip down giving you an opportunity to buy. On the chart we see price respecting the blue pitchfork trendline where on the last touch D of the pattern was born. We have very nice fib confluence of the 78.6% level. Goodluck

dinnersticks

Hello there, On the chart you see a pitchfork in which price has made some nice bounces. There is a potential bat pattern as you can see but this might actually become a butterfly depending on where you start to draw X. And the thing that is ironic here is that there are two lower trendlines where price could find D and thus either forming a bat or a...

dinnersticks Updated 

Greetings, Nice possible long on EURUSD as price is testing support and seems to have found a cushion. Entry, SL and TP are based on the trendlines which price used as S&R in the past. Taking partial profit along the way is advised. Should price price start moving upwards, the break on the dotted trendline would be your signal to get out. Waiting for a rejection...

dinnersticks Updated 

Greetings, Price reached an interesting position as you can see on the chart. I expect a corretion to the downside. Price still does have some steam so be cautious if you want to short this. Goodluck

dinnersticks

Hello there, My appology if your eyes are hurting, just focus on the dark blue lines in case of an overload. I expect price to reverse between the two dark dashed horizontal lines, so in between a buy order will be placed should this pattern remain valid. As you can see a 61.8% fib level resides closely to the surface in this zone, just slightly under this fib...

dinnersticks Updated 

Greetings, As you can see on the chart we have a possible gartley building with price respecting the pitchfork trendlines more or less. Price is currently testing resistance, should it get rejected we will await it at 114.580. The pink dashed line is a pitchfork trendline from the daily chart and should proof reliable. If price does not go any higher we could...

dinnersticks Updated 

Greetings, On the chart you see two overlapping gartley patterns of which point D would be at 1.0666, a perfect number for a short. The chart counts two invisible pitchfork tools of which I have only left the intersecting trendlines at D. These pitchfork trendlines are the dotted blue and dotted purple lines. If requested I will post the chart with the...

dinnersticks Updated 

Greetings, Seems like my previous AB=CD trading idea is failing, however if you took the trade you could have atleast broke even or take a few pips profit. So now we have this new situation in which a bullish gartley is setting up on the chart. I am a great fan of the pitchfork tool and have used three in this chart, I drew the revelant trendlines and removed...

dinnersticks

Hello guys, we have a potential AB=CD here which would complete closely to the 666 area which I targeted as a sell level in my other plan. Nice risk-reward ratio! Take care

dinnersticks

Greetings, As you can see in the chart we have a nearly completed bat pattern(orange) and are currently waiting for a retrace to D for our entry. My expectation is that its profit target(B) should be forming the second pattern, namely the head and shoulder pattern. Normally you would wait for the break of the neckline but the probability here is high enough in...