FibonacciTradingCrew

FibonacciTradingCrew

This is an earlier signal compared to the standard bearish Wolfewave entry - which is price entering back below the 1-3 line. Here, I placed a 1:3 risk/reward ratio. Keep in mind that there could be stop hunters just above the bear risk tolerance. Next in line in the fractal order to mark a swing high will be the 4 hour SAR. Standard bearish Wolfewave Target...

FibonacciTradingCrew

The head and shoulders measured move target already got made. As long as the weekly SAR is above price, the lower targets are still in play. The bearish Wolfewave target is the 1-4 line. The magic lines are alternative targets. Patterns can fail. Do your own due diligence.

FibonacciTradingCrew

Price has gone above the 1-3 line. Short signal is when price enters back below the 1-3 line. Target will be the 1-4 line. Alternative targets are the magic lines. An earlier entry is when the hourly SAR moves above price. Earlier clues could be seen on the shorter timeframes. Patterns can fail. Do your own due diligence.

FibonacciTradingCrew

A neckline line break of a head and shoulders pattern is a more common sell signal. The earlier sell signal is from the bearish Wolfewave pattern when price entered below the 1-3 line. An even earlier sell signal was when the 4 hour SAR moved above price. Earlier sell signals could be seen on the shorter timeframes. Patterns can fail. Do your own due diligence.

FibonacciTradingCrew

Price has entered below the 1-3 line. Target is the 1-4 line. Other targets are the intersecting lines which we call the magic line. As long as at least the 4 hour SAR is above price - those target are in play. Pattens can fail. Do your own due diligence.

FibonacciTradingCrew

Price bounced near the target and has been confirmed by the 4 hour SAR. The 4 hour SAR is currently on a bearish retrace relative to the daily SAR. As long as the Daily SAR is above price, the bearish Wolfewave is still in play. Price is anticipated to go lower than what the 4 hour SAR has established as support. To see more details and for faster movement, we...

FibonacciTradingCrew

The more confluence - the better. I combine this pattern with the SAR signal. The odds also seem better when there’s an rsi divergence. Typical entry is when price goes back down the 1-3 line. Ideal target is the 1-4 line. To spot a potential Wolfewave forming, I usually look for a wave 4 that enters wave 1. Then, I watch if that wave 4 breaches wave 2. If...

FibonacciTradingCrew

What I like about this pattern is the nice risk/reward it has. The ideal pattern has a drastic and large move that quickly happen. I added Fibonacci time that intersects the 1-4 target line for alternative targets for scaling out. This chart has multiple SAR from different timeframes to track potential stop losses of other traders so that we can act...

FibonacciTradingCrew

This pattern is in play as long as at least the hourly SAR is above price. The ideal target is the 1-4 line. Scaling out at earlier targets increases the chances of taking a profit. Patterns can fail. Do your own due diligence.

FibonacciTradingCrew

This could also be seen as a riding wedge break which is a sell signal. Patterns usually shows up in fractals. Ideal target is the 1-4 line. However, patterns could fail. Do your own due diligence. Earlier targets are there for higher probability of taking a profit.

FibonacciTradingCrew

Currently, Gold is still on an Uptrend and will continue to be at least while the monthly SAR is below price. The bearish Wolfewave signal to sell/short is when price goes back down below the 1-3 line. What event could push the price of gold down drastically? Remember - patterns could fail. Do your own due diligence and manage your risk.

FibonacciTradingCrew

Scaling out at multiple targets increases the odds of taking some profit. The 3:1 target got made already. There’s a measured move that is in play - which is also near an intersecting line target. The bearish Wolfewave 1-4 line is still also in play.

FibonacciTradingCrew

Keep an eye on the shorter timeframe patterns that could invalidate the longer term patterns.

FibonacciTradingCrew

The risk/reward of this pattern is quite attractive. Patterns could show up in multiple timeframes. The weekly bearish Wolfewave is still in play.

FibonacciTradingCrew

As long as the 4 hour SAR is above price, those bear targets are in play.

FibonacciTradingCrew

Fibonacci tool pegged to a high and low where the retrace levels have confluence with previous swing support and resistances. RSI getting close to overbought levels. The recent higher lows and higher highs could be setting up for a bear flag. How high will this bearish retrace go?

FibonacciTradingCrew

Bears have already reached the 3:1 ratio target. Those who are holding longer and are scaling out are still in play for the deeper targets.

FibonacciTradingCrew

On the bullish side, there’s the measured move target. On the bearish side, there’s a bearish Wolfewave. There’s a 3:1 ratio bear target and an intersecting line target. Bears who already took on positions could still be in the game even after the bulls reach their measured move target. Bulls taking profits at their measured move target combined with bears...