mjchase

mjchase

Prior to viewing this idea please see the previous 4 hour version. We are using the 15 minute timeframe and lower to look for entries with a much smaller stop. Using the larger pattern on the 4 hour as a narrative for the market.

mjchase Updated 

Potentially looking to go long using the deep crab pattern which has presented itself. The deep crab measurements we have taken include; 1.61AB=CD 1.61 XA for entry point And in this particular case a 200% BC projection.

mjchase

Here we have the makings of a Bullish deep crab pattern. Looking to make entry on lower timeframes using this pattern as a market narrative. The 161.80 % XA and 224% BC projection line up remarkably close.

mjchase Updated 

Here we potentially have the making of a bullish bat pattern. This pattern utilises a very small stop loss with the following criteria displayed on the chart. The B retracement point can be seen at 0.5 XA. Entry point being 88.6 % XA Stop loss 100% XA BC projection 224% Also denoted on the chart close to entry is a 1.27AB=CD. Would like to see price...

mjchase Updated 

The Bat pattern provides a very small stop loss for entry due to the entry point being at the 88.6% XA and the stop being at 100% of XA. We can also se denoted a 200% BC projection denoted close the to 88.6% Entry point. To take the entry I would like to see both of these measurements broken by a single bearish 15 minute candle. Looking to take a low amount of...

mjchase

Shown here we can see a bearish deep crab pattern has formed on the 1 hour timeframe. The key measurements for the crab are denoted on the entry point; 1 : 161.8% XA measurement for entry. 2 : 200 % XA providing the stop Loss. Also shown around the entry point we can see a 200% BC projection and a 127% AB=CD Marked as fib levels. To further validate entry we...

mjchase

Using the daily timeframe we can more clearly see the bullish deep crab in action. The key measurements as shown are: 161.8% XA measurement for entry and 200% XA measurement for the stop. Other measurements which we can see are a 224% BC projection which lines up extremely well with the 161.8% XA entry point. We can also see close to the entry point a 161.8%...

mjchase

The previous bearish bat idea posted on gold requires price to push much higher for entry. To potentially reach this entry the bullish butterfly could potentially push price to this area. The butterfly utilises a 78.6 % B point which is denoted on the chart. At entry on the 127% XA measurement ( stop at 161.8% ) we can also see the 224% BC Projection and The...

mjchase

Similar to the previous pattern posted. Would like to see all 3 measurements broken in a single bullish 4 hour candle. These are 161.80% XA entry point with a 200% stop. 161.80% AB=CD 200% BC projection.

mjchase

Here we see what could be the making of a bearish deep crab. The entry point being the 161.80 % XA measurement with the stop loss at 200% of XA. Also we can see the 261.80% BC Projection marries up with the entry point providing further validity if entry is made. Please refer to Scott carney's work if you are further interested in harmonic patterns.

mjchase Updated 

BTCUSD has just completed a 50% retrace of the previous bullish move. We are now looking for a possible bullish re-entry. The bullish butterfly here poses entry at the 127% XA measurement and the stop at 161.8% of XA. We can also see denoted on the chart the 200% BC projection and the 127% AB=CD. To further validate entry I would like to see these 3...

mjchase

Potential bearish butterfly harmonic pattern. The butterfly is a precise pattern with the key points being B point the 78.6% and an entry point at 127% of the XA measurement. What is also shown on the chart at the entry point is the AB=CD measurement denoted by 100 % fib at entry. Also we can see the 261.80% BC projection denoted by the fib line at entry. All...

mjchase

The previous idea shows a bullish butterfly which could push price into the bearish harmonic butterfly as shown in this idea. The three lines at the entry point are as follows. 127% AB=CD Measurement. 224% BC Projection. 127% XA Measurement. If you are further interested in harmonic patterns please refer to Scott carney's work.

mjchase

Previous idea had incorrect values on harmonic

mjchase

Btc long harmonic butterfly.

mjchase

Potential short position on USDJPY Price has retraced and rejected the 61.8% fib , previous support has now become resistance.

mjchase Updated 

GBPUSD bounced spectacularly off the all time monthly support on monday leading to an extremely bullish week encouraged by the bearish dollar. We can see GBPUSD has almost completed a 61.8% retracement of its most recent bearish move. The 61.8 coincides with an area of resistance for the pair. Expecting to see between a 50% and 61.8% retracement of this latest...

mjchase Updated 

We can see on the 4 hour chart price has retraced to the 61.8 fib from the Area of support around the 1.60800 area. Looking for a break and retest on the underside of the trend line to confirm the short position. Criticism welcome