elyask120

elyask120

Hi Guys. I am still bullish biased on the Russel. At the moment the index is being supported by the 50 ma and directly overhead has resistance by the 20 ma. The pullback to the current price is also a retest of the downward trendline it broke out of. Should the Russell make a bullish move from here and clear the most recent swing high that would look like a...

elyask120

Hi Guys just looking at the Eur Jpy pair at the moment and looks like after pulling back from resistance could see a possible bounce on the 5 min or 15 min chart for a pretty good risk reward trade. I am actually watching this pair in anticipation of it making a move up to a daily order block around the 162.6 level and seeing if I can start a long trade ( not...

elyask120

Hi guys, Just another post with the weekly chart and bit cleaner looking chart of my previous idea where US30 may face some selling pressure. The area highlighted is between 39100 and 39450. The bearish butterfly has ideal A to B retracement (78.6 is fib requirement) B to C is not exactly 38.2 0r 88.6 but still in between and C to D is not exactly 161.8 or...

elyask120 Updated 

Hi Guys, The US Indices continue to soar higher and higher without looking back. A correction is long overdue and I believe the area Ive highlighted in what looks like a messy chart could be an area where some good selling opportunities may arise. I've used Fib retracement and trend based fib extension tool to determine the area that is highlighted with the...

elyask120

Hi guys, Just additional info on Russel 200 that some may find useful I was pointing out the control buyers have at the moment on this index. Further on that, it is the first time that Russell has pulled back from the range high that it has been at for over a year and made an impulsive move to the upside and not down. Also the clear support on the pullback from...

elyask120

Regardless of macro environment or whatever else the price action on the Russel 2000 chart is a warning ... DONT short the indices YET... they still have some way to go. Bullish pennant after bullish pennant in the move up from the bottom should leave no doubt in anyones mind. A copy and paste of the flagpole of the large pennant puts the target just below its...

elyask120

Just update on Eur/AUD idea I posted before. 15min has a falling wedge that would be good confirmation if it breaks out of it and 4hr RSI oversold and 1 hour showing divergence Would somebody kindly tell me how to update an idea in the original idea... ie how to add further chart illustrations etc. Thanks in advance

elyask120

Hi Guys, The Eur/Aud looks like it may have some buying interest at the current price which could result in a shorter time frame countertrend bounce. Confluence of pullback (low to high) into golden fib zone, previous support area where price made a big impulsive move and a bullish bat pattern completed ( the fib levels little off exact but entry point is spot...

elyask120

Hi Guys, Like most my view is that the US indices are going to correct a few percent at least very soon. They cant keep going up the way they have been without a proper correction. Looking at the Dow Jones, there seems to be good confluence at the current price. A shark harmonic pattern has completed ( The entry point limit of 1.13 is slightly exceeded but I...

elyask120

Hi guys , Ive been trading the eurjpy as it has moved up from the lows in a nice channel. Currently the pair is at a nice level and looks like it could be forming a bullish pennant on the 15 min timeframe for a quick intraay trade. at the moment the pennant retraces 38.2 % of the pole and a double bottom is formed on the hourly so a move up seems likely.

elyask120

Hi guys, I dont look to short the US Indices as of late as they are in strong bullish momentum but every now and then an pportunity for a safe short comes along in order to use the profit to open long positions at the first opportunity. Nasdaq 100 has just made a false breakout of the channel it is trading in and lower time frame has bearish look about it. The...

elyask120

Hi guys GBP AUD has formed a nice bullish pennant on the 4 hr.. the pennant retraces between 38.2 and 50 % of the pole and lower highs and higher lows are clear inside the pennant. Price is supported by the anchored vwap from the previous low meaning buyers are in control and as it has come out of the pennant it is trading above the 5 day ma ,,, clear sign of...

elyask120

Hi Guys, A bearish bat pattern has formed on the 1 hr for chf jpy. The 88.6 retracement entry point has printed a double top for confirmation to enter.

elyask120

Hi Guys, the Eur/Jpy has been moving up in price inside a channel and is approaching a Daily order block which falls in line with the completion of a bearish bat pattern. The 88.6 retracement from either the high or the lower high which resulted in the massive selloff and which is the completion point of the bat pattern results in a nice confluence short trade...

elyask120 Updated 

Hi Guys. I believe one of the most powerful tools in any traders kit is the fibonnaci levels, whatever way one decides to use them. The attention paid to these levels means there are a great number of traders at those levels which allows for great trading opportunities in what is essentialy optimal trading zones or areas of value. I find personally the 1.618...

elyask120

Shark harmonic pattern complete with the fibonnaci requirements almost to the dot. Invalidation of the shark is greater than 1.13 extension and the Nasdaq has stopped just shy of that. 4 hr massive RSI divergence. Daily RSI overbought. Double top on 4 hour chart. The grey shaded area is the entry point 0.886 extension to 1.13 extension of the shark pattern......

elyask120

Hi guys.. just a trade setup some might be interested in. Nasdaq buy at support Nice confluence of reliable bat pattern Anchored vwap from previous low 50 ema Daily support Trade entry can be on 15 or even 5 min chart... when get rsi divergence and a double bottom or inv hs in the bat pattern buy zone.

elyask120 Updated 

Hey Traders, Dow Jones 30 is looking like its starting its retracement/pullback after the last few days of bullish price action. Hourly has made a double top as well as a 5 wick rejection ( for those who havent used this chart pattern .... it is very very powerful and accurate and provides big moves) The retracement is at 61.8% fib from the low and a pullback to...