Hello everyone, The markets are slightly ruffled lately and there is an opportunity to short HS50 on Monday. Trend: W1: Up D1: Down H4: Down Moving Average: Below the Daily MA H4 pointing downwards Pattern: Gartley on M15 Strong resistance at 16450. Target is 16000 Double top on H1 and lots of divergence Stop loss of 40 pips and a target of 120.
SOXL has reached the Logscale 0.886 of this potential Logscale Bearish Deep Gartley which aligns with the upper trendline of the channel it has been trading within. If it plays out, I think we could see SOXL come down to the lower trendline and perhaps even lower. This May be sparked by a selloff in NVDA and AVGO.
There is a Potential Bearish Gartley at Resistance on AVGO leading to the earnings report. I'm not sure if it will hold but I have gotten some calls on SOXS just in case so I want to archive this harmonic setup.
Today, I'm excited to share a detailed approach for trading GBPUSD. If you're considering a short position, here's a comprehensive strategy: 1. 1-Hourly Chart: Shark Patterns at 1.2676 - Wait for Shark Patterns to complete at 1.2676 on the 1-hourly chart. - Look for a trading combo within the chart when the market retests the Trendline Break (red line). -...
GBPAUD is pushing above the range resistance and into the PCZ of a Bearish Shark with elevated volumes, at the same time there is a Bearish Gartley formed on the RSI and the RSI is setting up to breakdown while in the overextended zone. I think we will likely see the AUD take back dominance for a few months in many of its pairs, particularly in the GBPAUD and...
An intriguing trade opportunity has been identified on the 15-minute chart involving a type2 Bearish Gartley Pattern. While it may not appear significant on the shorter timeframe, looking at the Daily Chart provides a different perspective. Utilizing the Combo Trade Management System and targeting the first level of support can yield attractive returns. What are...
An amazing Bearish Fib-3 Bat with RSI Divergence has surfaced on the CADJPY 1-hourly chart. While some may see this as a great counter-trend trading opportunity, others might interpret it as a warning sign and choose not to engage. But here's the twist - it's a Combo Trade. On the Weekly Chart, there's a Bearish Shark Pattern Retest, accompanied by a Type2...
CADJPY is displaying a confluence of bearish patterns: 1. Weekly Bearish Shark Pattern: - Retest in progress. 2. Daily Type2 Bearish Gartley Pattern: - Completion aligns with the Bearish Shark on the weekly. The trader plans to wait for a confirming candle on the daily chart near the level of 110.37. Share your insights and trade plans for CADJPY!
Hello dear friends! Gold prices today continued to fall sharply with gold down 25 USD to 2,001SD/ounce but soon regained the level of 2010 USD at the time of writing. Accordingly, gold prices continued to plummet to a more than 1-month low in mid-week trading session as strong economic data strengthened the USD and Treasury bond yields and reduced market...
Despite GBPUSD demonstrating a Weaker Bull Trading setup, my analysis suggests a more bullish outlook compared to EURUSD. However, I'm currently eyeing a shorting opportunity on a lower timeframe. The emergence of a Bearish Gartley Pattern retesting at 1.2752 or a completion of a Bearish Bat Pattern around 1.2803 appears promising for a potential short...
NZDUSD showcases a compelling combo trading setup - a Bearish Shark Pattern visible on the weekly and daily charts. This combination suggests potential movement in the market. My approach involves waiting patiently for the market to shape a Bullish Gartley Pattern on the 1-hourly chart. This setup offers a more favorable Profit Factor, enhancing the trade's...
PepsiCo has confirmed a 3 Line Strike on the Daily at the PCZ of a Bearish Gartley with Bearish PPO confirmation, which I think will result in PepsiCo making at least an 88.6% retrace.
GBPUSD is currently indicating a Weaker Bull Trend . Here are potential strategies for different trading approaches: Trend Traders : Waiting for a Bullish 5-0 Pattern on the 4-hourly chart at 1.2334 might align with your strategy as it complements the ongoing bullish trend. Counter-Trend Traders : For those seeking a counter-trend opportunity, a shorting...
A retest of the Bearish Gartley Pattern, especially on a Friday, presents an intriguing opportunity. Waiting for candlestick confirmation before initiating a short on the Gartley pattern aligns with a counter-trend trade strategy. This cautious approach can often mitigate risks associated with abrupt market movements. Good luck with your trade and stay...
For those seeking a counter-trend trading opportunity, CADJPY may present an intriguing prospect. On the weekly chart, a Bearish Shark Pattern checkback is in play. For those desiring a more precise entry, waiting for the Gartley Pattern confirmation on the daily chart could provide a strategic shorting opportunity. I'm eager to know your trade plans for CADJPY....
Some possible confluence suggest CHFJPY could possibly short around the 168 area. A potential Gartley pattern on the daily/4 hour chart. Equal measured move/ABCD daily/ 4 hr. Even handle number at 168 even. Testing previous highs. Overbought RSI daily, so possible divergence. Could be a nice area to look at for a shorting opportunity.
Welltower is yet another Real Estate focused stock that I have been tracking in anticipation of its potential downside. Yesterday they had earnings and it was nothing that impressive, so I think the Bearish RSI Divergence at this PCZ will take over and bring it down to at least $53.40 to fill the downside gap from here
BTC reacted the first time to the first Bearish Gartley in price, but it failed to break down below the range and came back up. This time it looks like the Price Action Gartley turned into a Crab while the Gartley in the PPO has still held on and is breaking down below its range. Due to this, I see this as another chance to try to target below the range from here.