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135pattern

CRYPTO- Patterns & patterns. ALGORAND.BINANCE:ALGOUSDT In this post I take a look at some of the patterns I trade and how often they show up. This is a30min chart over the last couple of weeks of ALGORAND. Firstly is a 3 DRIVE into the high. This pattern often occurs at highs or at lows and normally has an ABCD pattern with it. Next we have the 135 pattern which occurs when leaving a high or a low. After that we have the AB=CD Pattern. Now we are completing a Gartley and Butterfly pattern coming in at mulitiple Fibonacci levels. This is just a look at the patterns I use and how often they occur. I hope this helps. Enjoy the day. 👍👍
Education
by L_F
S&P500 - NEARING CORRECTIVE RALLY ENDThe FOREXCOM:SPXUSD is nearing the completion of the corrective move higher. We have just completed the ABCD to the downside with a nice rally later in the US session yesterday to move off the low. Today we have 2 levels to watch. Option 1- Temp Bullish. This will see us head higher into the 4680-4720 area a little higher than the 78% level. Then this would bring the start of the move lower towards 4k. April the 12-13th is a major Monthly AI turn point and astro event. This is where this scenario is lining up nicely. Option 2 - Corrective move finished. This more bearish option would take us to the 4550 -4565 area before failing in a 135 bearish pattern. Either way we are nearing a top or its already in. I hope this helps. Let me know your thoughts.
FOREXCOM:SPX500Short
by L_F
AUDUSD, Gartley Buy. AUDUSD has just hit the 78.6% Fib level also completing a Gartley. This is where you get the low risk trades with great risk/reward. I traded the C-D leg down as this was a completed smaller Gartley pattern. Now the plan is to either go long to the 0.7280-0.7300 area which would set up a 135 Pattern to sell or we are heading back up to 0.7500 completion of the bigger ABCD. Yesterday was a down day on lower volume which is why im looking for a bounce today. AI also to follow. I hope this helps. Send me a comment with your thoughts agree or disagree.👍👍
Long
by L_F
10
GBPUSD. A.I INTRA-DAY SELL SIGNAL. GBPUSD has entered the time zone where I'm looking for a sell off. The thinking behind this idea is to sell now with a small 12point risk with the eventual target of 1.3290 but that might come in the second run down today. I'm looking for the first move into 9pm Jakarta time then wait for a PB to either add to the position or enter a new trade. The target area of 1.3290 is a 382 retracement from the Dec 20 low and a 61.8% from the Dec 22 low. If it turns and stops me out then i will be looking for a long entry with a high at 9pm. That would be an invert of the A.I. I hope this helps. Enjoy the day. 👍👍
Short
by L_F
SIE: Potential head & shoulders formation for -12%SIE is potentially forming the right shoulder of a head and shoulder formation which topped out at 61.8% of the previous ABCD down move to 100 in Apr'18. The Donald is gunning for Germany and global trade, this can't be too good for SIE. If you see what happened to GE, this could happen to SIE considering they are in the same business. Neckline is at 116 with the a potential downside target to 100, -12% move. Potentially we might see an overshoot to 95, which would link this down move to the previous ABCD for a 135 pattern. Only question is if do you want for the neck line to get broken or take a small flyer at current prices?
XETR:SIEShort
by WellTrainedMonkey
10