Since the Impulse-Wave of 12/2016 price bounces between the blue U-formed Zone.
several times tested support near 12913. bullish Harmonic Cypher Pattern( About Cypher´s, i like the XB 0.5 AC 1.272 BD 1.272 XD 0.786 the most)
AB=CD would have have confluence with a Gartley pattern
clearly a flat pattern break trendline would also lead to higher highs atm and bullish trend would continue also there is a bullish divergence
The 1.272 projection looks good for a Entry in a Cypher Pattern. Better than set a Limit Order is searching in the potential PRZ in lower timeframe for a revearsel pattern. Maybe we get a correction before going higher, so if a am able to buy lower i would try.
Iám already in, had buystop at breakout of triangle. Will buy more on retest
heavy Clustering. Also at 2009-09-05 we had similar Sitiuation. Think I will set Stop to around 1.1923
People are talking about Gann Angle.... Everyone has his own Story... Look at yellow channels... For me a Gann Angle can be found this way: Log Scale, Connect more and more Trendlines ( also Intratrendlines). =>You find a Degree where most of the Trend lines have the same Angle. Using the Tool Parallel-lines helps me a lot by this. Not visible on Chart, but...
read about the dividing by W4 here ( Figure 31) www.elliottwave.net
It´s not that i belief in it 100%, but stop loss can be set very close.
Symetrical triangles most times occure in W4 Change of character: Biggest bearish candle since a month, we can expect a rebound Breakout of triangle can be traded too
I spotted a potential 5-0 on daily base and was looking for a good entry. then I found this Head and shoulders formation
picture tells more than thousand words
clustering of signals in red circle, pot. 5 - 0 pattern