Zeheart

Zeheart

Within the Level of 93, it has been 4 times of rejections took placed. Price has show multiple failure to push up. Apparently, a rising wegde is forming as well. By looking at the Blue AP, price seems to be getting further away from the ML, thus high chance that price might dive down. Stay tune for more updates tomorrow. Thanks & Happy Pipings =)

Zeheart

Price hanging on top of the ML line and wasn't able to break up, if price continue failed to break above the trend line, chances of bearish move will be very high.

Zeheart

High Chance Price will break to below. (3 times price test and retest on 93.660 level) and price also fail to retest the ML there fore potential chance to go down)

Zeheart

Current over trend is showing strong bearish sign as can seen from the lower highs from the chart. According to Pitchfork Theory, when price started to move away from ML, it will signify potential opposite move (Which is the down move i am anticipating to happen, hopefully =) Good Luck Trading

Zeheart

Price wasnt manage to close above the U-MLH and thereafter that price is moving sideways and current price is retesting on the ML, if price manage to close below of the ML, high chance we can go for short position. The dotted black trend line also shows bearish move are very likely to happen..

Zeheart

The highlighted Pin Bar shows a very good rejection to the resistance level of 135.800.. by looking at the solid line andrew pitchfork... multiple bars have test and retest on the Lower-MLH. therefore it is pretty sure that with the pin bar on bar chances of price to move down is pretty strong.. Happy Pippings =)

Zeheart

If price can break above the resistance level of 95.934, potential upmove can be possible..

Zeheart

on 19/9/2014, a huge bearish pin bar form and shows rejection to the 179 level and also to the upper line of the pitchfork. It seems like the down move of this is very likely to happen. first TP can target at the med line of the AP or next TP can be set slightly further away to the lower line of AP. Happy Trading..

Zeheart

Previously, price have been moving along the med line of the pitchfork and able to push back up to the upper line of pitchfork. For the past few candles, situation seems like price not able to push further up from the upper line, therefore chances of short towards the med line again is possible. Looking at the overall pic we see a huge descending triangle is...

Zeheart

There will be a potential to short GOLD as in the previous few candlesticks pattern shows rejection and price actually closed below the med line and reject the resistance level around ~ 1230 level.

Zeheart

Any further rejection candles appear to the AP's Med Line will give a potential short entry a go! But also be very aware that price have been moving down very strong without any huge retracement take place. Will wait for few more days to monitor the candlestick pattern =)

Zeheart

Information and Short Trade Reasons mentioned in the chart. Thanks!

Zeheart

Information and Reason to Short Entry mentioned in the chart. Btw, I am new to Pitchfork technique, still in learning stage. Please kindly comment if you found any mistake =) Thanks!

Zeheart

The Red colour box = Fibo Cluster The Green colour box = Minor Fakey (Price Action) Base on the Fib Fan and the Fibo Cluster it seems like price will be able to hold back for the time being. A small short entry might be possible .. I wont be looking into a huge down move for the time being. Probably just another small retracement prior next move up..

Zeheart

From the chart, I manage to found a Hidden Divergence (Highlight in Red). The Highlighted Circle shows that the False Break and the the Fibo 88.6 level is resisting it well.

Zeheart

Divergence found + price being supported well @ important support level zone.

Zeheart

Waiting for the bearish Bat Pattern to complete and there will be a potential short trades.

Zeheart

Potential for more down move to level around 91.735 (Fibo Confluence level) prior continuation of up move again..