Sell Adidas Share (Based on Bearish Pitchfork Technical Analysis on 19 Nov 2015 at 11:45)
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Table of Specifications
- Trading Pattern: Bullish Andrew’s Pitchforks
- Signal Type: 2nd Model
- Trend Direction: Bullish
- Symbol: #Adidas (Adidas Share)
- Entry Price: 87.87
- Take Profits: 87.61 and 87.34
- Take Profits (pips): 26 and 53 pips
- Stop Loss: 88.13
- Stop Loss (pips): 26 pips
- Starting Time of Formation: 16 Nov 2015 at 15:30
- Pitchfork Type*: Bullish (50%-Pitchfork drawed)
- Time to completion(TTC): 8 Candles
- Number of Candlesticks on complete pattern: 88 Candles
- Time-Frame: 15-Minute
- Time: 11:45 (Based on FXPro server)
- Date: 19 Nov 2015
- Expiration: 8 candles
- Strength: 74
Description of Pitchfork
Starting point of given Andrew Pitchfork pattern is on 84.69 on 16 Nov 2015 at 15:30 As trend continued its upward direction toward top, 2nd spot formed on 87.25 at 14:45 Eventually 3rd point appeared on 85.84 at 10:15 After given pattern is formed by determining these 3 points, Trigger line can be specified by connecting 1st and 3rd points.
Price moved toward Median line and proceeded toward 2nd line (lower line). A Sell signal is generated on 88.08 at 11:45 after trend touched 2nd line (lower line).
Considering that
- While MACD line and bars are on upper phase, if MACD line passes bars toward top
the Sell signal is generated with Entry Price 87.87 and two Take Profit prices 87.61 and 87.34 while Stop Loss is 88.13.
Sell Adidas Share (Based on Bearish Pitchfork Technical Analysis on 19 Nov 2015 at 11:45)
Description of given pattern
- Price of 1st point of given Bullish Andrew Pitchfork: 84.69
- Price of 2nd point of given Bullish Andrew Pitchfork: 87.25
- Price of 3rd point of given Bullish Andrew Pitchfork: 85.84
- Price of touched 2nd line (lower line): 88.08
From two provided Take Profit prices, the most appropriate one can be selected by applying Risk/Capital management principles, trend line and other confirmations.
Buy BNPParibas Share (Based on Bullish Pitchfork Technical Analysis on 16 Dec 2015 at 17:45)
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Table of Specifications
- Trading Pattern: Bearish Andrew’s Pitchforks
- Signal Type: 2nd Model
- Trend Direction: Bearish
- Symbol: #BNPParibas (BNPParibas Share)
- Entry Price: 52.61
- Take Profits: 52.86 and 53.12
- Take Profits (pips): 25 and 51 pips
- Stop Loss: 52.36
- Stop Loss (pips): 25 pips
- Starting Time of Formation: 16 Dec 2015 at 12:30
- Pitchfork Type*: Bearish (50%-Pitchfork drawed)
- Time to completion(TTC): 8 Candles
- Number of Candlesticks on complete pattern: 22 Candles
- Time-Frame: 15-Minute
- Time: 17:45 (Based on FXPro server)
- Date: 16 Dec 2015
- Expiration: 8 candles
- Strength: 70
Description of Pitchfork
Starting point of given Andrew Pitchfork pattern is on 52.84 on 16 Dec 2015 at 12:30 As trend continued its downward direction toward bottom, 2nd spot formed on 52.46 at 15:00 Eventually 3rd point appeared on 52.97 at 16:45 After given pattern is formed by determining these 3 points, Trigger line can be specified by connecting 1st and 3rd points.
Price moved toward Median line and proceeded toward 2nd line (lower line). A Buy signal is generated on 52.53 at 17:45 after trend touched 2nd line (lower line).
Considering that
- Stochastic line entered Oversold area and it crossed level 20 toward Top on Stochastic Value 16
the Buy signal is generated with Entry Price 52.61 and two Take Profit prices 52.86 and 53.12 while Stop Loss is 52.36.
Buy BNPParibas Share (Based on Bullish Pitchfork Technical Analysis on 16 Dec 2015 at 17:45)
Description of given pattern
- Price of 1st point of given Bearish Andrew Pitchfork: 52.84
- Price of 2nd point of given Bearish Andrew Pitchfork: 52.46
- Price of 3rd point of given Bearish Andrew Pitchfork: 52.97
- Price of touched 2nd line (lower line): 52.53
From two provided Take Profit prices, the most appropriate one can be selected by applying Risk/Capital management principles, trend line and other confirmations.
Sell PUMA Share (Based on Bearish Pitchfork Technical Analysis on 23 Nov 2015 at 11:45)
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Table of Specifications
- Trading Pattern: Bullish Andrew’s Pitchforks
- Signal Type: 2nd Model
- Trend Direction: Bullish
- Symbol: #PUMA (PUMA Share)
- Entry Price: 207.70
- Take Profits: 207.37 and 207.05
- Take Profits (pips): 33 and 65 pips
- Stop Loss: 208.02
- Stop Loss (pips): 32 pips
- Starting Time of Formation: 20 Nov 2015 at 10:00
- Pitchfork Type*: Bullish (50%-Pitchfork drawed)
- Time to completion(TTC): 8 Candles
- Number of Candlesticks on complete pattern: 40 Candles
- Time-Frame: 15-Minute
- Time: 11:45 (Based on FXPro server)
- Date: 23 Nov 2015
- Expiration: 8 candles
- Strength: 62
Description of Pitchfork
Starting point of given Andrew Pitchfork pattern is on 205.7 on 20 Nov 2015 at 10:00 As trend continued its upward direction toward top, 2nd spot formed on 207.9 at 13:15 Eventually 3rd point appeared on 205.9 at 17:30 After given pattern is formed by determining these 3 points, Trigger line can be specified by connecting 1st and 3rd points.
Price moved toward Median line and proceeded toward 2nd line (lower line). A Sell signal is generated on 207.85 at 11:45 after trend touched 2nd line (lower line).
Considering that
- While MACD line and bars are on upper phase, if MACD line passes bars toward top
the Sell signal is generated with Entry Price 207.70 and two Take Profit prices 207.37 and 207.05 while Stop Loss is 208.02.
Sell PUMA Share (Based on Bearish Pitchfork Technical Analysis on 23 Nov 2015 at 11:45)
Description of given pattern
- Price of 1st point of given Bullish Andrew Pitchfork: 205.7
- Price of 2nd point of given Bullish Andrew Pitchfork: 207.9
- Price of 3rd point of given Bullish Andrew Pitchfork: 205.9
- Price of touched 2nd line (lower line): 207.85
From two provided Take Profit prices, the most appropriate one can be selected by applying Risk/Capital management principles, trend line and other confirmations.