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1618 Fibonacci Extension

USDMXN (Harmonic Pattern's inside consolidation) -1h ChartBat Pattern confirmations: - A-B must touch 0.5, but cannot touch 0.618 - B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236 - D completion at 0.886 (Fibo X-A) - Take profits at 0.382 and 0.618 (Fibo A-D) - Third TP would be long term back to where it all started Deep Crab Pattern: - A-B leg can retrace anywhere between 0.382 up to 0.618 - B-C leg can retrace 0.382-0.886 of AB leg - C-D is an extension of up to 1.618 of XA leg - Take profits at 0.382 and 0.618 (Fibonacci D-C) - Third TP would be long term back to where it all started Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) - Third TP would be back to where it all started Gartley Pattern - A-B must touch 0.618 but cannot touch 0.786 - B-C must touch 0.236 but cannot exceed A (on this case its at 0.382 unified gartley ) - D completion at 1.272 (Trend Extension) or 0.786 from normal measurement - First TP at 0.618 (Fibonacci from D-C) - Second TP at 0.382 (Fibonacci from D-C) - Third TP would be back to where it all started Total Pattern's: 2 Cypher 2 Bat 1 Unified Gartley 1 Deep Crab We can see several patterns been completed inside this consolidation respecting each fibonacci retracement, at this point its forming a Bat Pattern going bearish for its D completion at 0.786-0.886 area or it could turn into an Alternate Bat Pattern, which it would retrace towards 1.13 (retest at trend), after Bat confirmation I expect bullish impulse towwards -0.27 Good Trading. -1h Chart
by DanielParra99
EURNZD (Potential Sell From Top) -DailyUsed some Support and Resistance to confirm overlaps between prices and we can see how each completion retraced to some kind of support. First at left side there's a flag inside ABCD Pattern (B-C) which gave us D completion at -0.27 for our sell back to support where flag was formed (point C). After that it went bullish forming a Pullback (pullback at -0.618 from flag), I measured bullish pullback by placing 0.236 at top and bought at 0.618 towards -0.27 which gave us our Higher High, right at -0.27 another ABCD Pattern began with same type of flag inside B-C, we can see D came back to support where -0.618 is and pullback began for bullish continuation (inside consolidation). Now I expect to sell from top of this big consolidation. Good Trading.
Short
by DanielParra99
Gold - XAUUSD (Harmonic Patterns and Wave Analysis) - 1h ChartConfirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) - Third TP back to point C Between A to B we can see a minor 2618 trade been completed with some confirmations: 2618 confirmations: - Double floor - Measure impulse - Retracement at 0.618 - TP at -0.27 Double Floor + 0.618 = 2618 At 50% between C to D we can see a major consolidation with minor harmonic patterns been completed within, first there was a shark pattern with a bullish impulse and began gartley formation for bullish continuation towards D completion of the Cypher Pattern. After Cypher Pattern was completed bearish impulse began with an Ending Diagonal been formed - 5 clear points - 1 and 4 overlap - Clear consolidations between each point 0 to 1: First I measured minor pullback by placing 0.236 below consolidation, got 0.5 as higher high of that pullback and went straight towards -0.618 for perfect support. 1 to 3: Afterwards major pullback retraced back to 0.236 making previous lower low a new higher high, got that good consolidation at top for bearish continuation towards point 3 3 to 5: Between 3 to 4 we have and ABC pattern retracing exactly to -0.618 making previous lower low a new higher high for Ending Diagonal completion. I measured 2 to 3 impulse with Trend-Based Fib extension and got 1.272 exactly at point 5 where it left a wick, plus got -1.618 from minor pullback as support near 1.272. At this point I expect some type of consolidation or retest at point 5 for bullish impulse towards 0.786 - 0.886 area. Good Trading. - 1h Chart
FX_IDC:XAUUSDLong
by DanielParra99
1
GBPNZD (Butterfly Pattern) - 4h ChartBullish Butterfly Pattern - A-B must touch 0.786, but cannot exceed X - B-C touches 0.382, but sometimes goes further (does not exceed A) - ABCD formation. D has to reach outside X and touch 1.272 or 1.618 - First TP at 0.618 (Fibo D-A) - Second TP at 0.382 (Fibo D-A) - Third TP back to where it all started at top Left Leg: We can see an ABCD pattern been completed inside left leg - 4 clear points - consolidation between B and C - clear resistance at point D for bearish movement Right Leg: After ABCD pattern there was a bullish impulse for point C of Butterfly Pattern, this iniciated a bearish Elliott Impulse - 5 clear points - 1 and 4 don't overlap - 0-1 same distance as 4-5 At this point point 5 gave us D completion at 1.618 for bullish movement, but there has to be some type of consolidation at this area after so much movement, trade well and look for bullish entries. Good Trading. - 4h Chart
Long
by DanielParra99
5
NZDJPY (Cypher Pattern) - 4h ChartConfirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) - Third TP would be back at support (point C of Cypher Pattern) There's also a possible bullish movement after second TP is been reached. Good Trading. - 4h Chart
Short
by DanielParra99
XAUUSD (Bullish Impulse) - Daily 0-1 There was a Cypher Pattern, which gave us point 1 completion at -0.618. 1-2 ABC Pattern was formed. 2-3 Bullish impulse from ABCs and X-A of Gartley Pattern. 3-4 Type of ABCD formation that gave us D completion of Gartley Pattern exactly at 0.786. 4 to 5 I expect Channel to be completed by reaching point 5 at top. I measured bullish Flag by placing 0.236 at top of consolidation and got 0.618 as perfect support for the entire consolidation, -0.27 - 1.618 area would be take profit (1.618 from Trend-Based Fib Extension). MACD shows Flag much easier with an ABC structure for our bullish impulse. Good Trading - Daily Chart
FX_IDC:XAUUSDLong
by DanielParra99
BTCUSD AB=CD 1:1 MOVE COMPLETED - OR NOTpowered through .382 and not able to get a meaningful bounce. acceleration in both price and spread currently looks like BTC USD wants to go down further before a retrace. Extension of the 1-1 ABCD to 1.618 would bring it down to .618 area. Price action here may give a clue as to $4K and below or back up towards 10K. If the higher low gets busted then probability is that downside target would be a lot lower the $4K area. If we get to 6400 in a few days rather than a few weeks that would also point to a deeper decline
BITFINEX:BTCUSDShort
by traintrack
EURAUD (Ending Channel and Bat Pattern) -4h At left side we can se half a pattern, which I published After Butterfly Pattern price went bullish and until I saw some divergence in MACD I planned a trade, we can see how it's up trend on chart, but down trend on MACD. Right away I managed to find a pullback, I measured bearish impulse by placing 0.236 below pullback and got exactly 0.618 at top, perfect retracement for a sell to -0.618. We can see how this entire consolidation is an Ending Channel -5 points (Not that clear like an Ending Diagonal) - respecting trendlines - 0-1 same distance as 4-5 - take profits around 0.786 - 0.886 area after to much consolidation there's always a clear impulse with this type of patterns (Ending Channel and Ending Diagonal) Price retraced exactly at 0.886 and at this point I saw this Bat Pattern - A-B must touch 0.5, but cannot touch 0.618 - B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236 - D completion at 0.886 (Fibo X-A) - take profits at 0.382 and 0.618 (Fibo A-D) I expect price to complete this Bat Pattern for bearish continuation. Good Trading.
by DanielParra99
AUDJPY (Ending Diagonal, Butterfly Pattern and 2618) -4hEnding Diagonal confirmations: - 1 and 4 at same price - 5 clear points - take profits between 0.786 - 0.886 Butterfly Pattern confirmations: - A-B must touch 0.786, but cannot exceed X - B-C touches 0.382, but sometimes goes further (does not exceed A) - ABCD formation. D has to reach outside X and touch 1.272 or 1.618 - TP 0.382 TP2 0.618 (Fibo A-D) 2618 confirmations: - double top - measure impulse - retracement at 0.618 - TP at -0.27 and -0.618 Double Top + 0.618 = 2618 I expect price to go bullish towards 0.618 for 2618 bearish impulse, TP would be at -0.27 where I expect some type of pullback before bearish continuation from 50% to 0.786 -0.886 area, that's TP for Ending Diagonal. Good Trading
by DanielParra99
USDCAD (Butterfly Pattern and 2618 Setup) -1h Butterfly Pattern confirmations: - A-B must touch 0.786, but cannot exceed X - B-C touches 0.382, but sometimes goes further (does not exceed A) - ABCD formation. D has to reach outside X and touch 1.272 or 1.618 - TP 0.382 TP2 0.618 (Fibo A-D) 2618 confirmations: - double top - measure impulse - retracement at 0.618 - TP at -0.27 and -0.618 Double Top + 0.618 = 2618 I expect price to continue bearish towards 1.618 (extension) where Butterfly Pattern will be completed and our bullish retracement will begin for 2618 Setup, wait for retracement at 0.618 and sell all the way down. Good Trading. -1h Chart
by DanielParra99