Tieusoros

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EU 18/11/2015

6:25 PM |

CONTEXT:  Three bearish daily bars confirm the bear trend and not touch any targets or strong support

Bar 49:  good bull signal bar near the bottom of range , ABC pattern but not clear wave so wait
Bar 59: small bar long signal bar near the bottom of range , ABC pattern but not clear wave, double bottom and very small stoploss so long above bar 59
Bar 66: good bar long signal bar,bottom of range , ABC pattern , FE 100% , wedge last wave and very small stoploss so long above bar 66
Bar 73: good bar short signal bar but overlap. Context is short near bottom of range, first touch MA chart 15M so wait 
Bar 76: 2ND entry two bars long signal but overlap, context is DB and price make HH before. Study this case
Bar 88: good small bar short signal bar but overlap with previous bar . Context is it touch MA 1H, RT of bar 29 but is is a counter entry and price just break the bear channel line before and not clear wave ABC so not short entry here but can take profit hafl or full here.
Bar 88: short signal bar but bullbody. Context is small DT but counter entry and not touch RS so wait
Bar 99: long signal bar with long tail but bear body and overlap. Context is withtrend entry ,MA 5 support only so not goog signal bar and context is weak support so wait

Bar 111: signal bar with long tail but bear body, context is withtrend entry, retest low success, ABC pattern, MA 15 first time , some disadvantge is it break channel and some widestop   so this context is good ang long above bar 111
Bar 117: two bars reversal short signal . Context is double top of big range, fail BO but not reach any FE target and some widestop , not complete ABC pattern so not good for range entry
Bar 126: good doji short signal. Context is it touch FE 161.8% , small stoploss but  counter entry, lack of wave in C, break strong resistant so wait
Bar 139: very good  short signal bar with long tail, bear body . Context is 5 clear wave in C ( wave 5 extendtion FE 100%) , touch strong resistant MA 4h and strong horizon RS but it still a counter entry ,and break FE 161.8% so not ABC pattern .  Short below bar 139 but scalp. Wait for long withtrend entry
Bar 158: good signal long bar. Context is price break FE 161.8% ABC so count 123 and wait to buy end wave 4, but price retrace to FB 50% so not wave 4 and this trade maybe counter trade with no clear ABC pattern and not reach any strong support  so this trade not good entry


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