AB=CD and butterfly ,, RSI extreme over brought.
Could break either way. This level of support seems to be holding so far. A break to the upside and i will target the two white horizontal lines, a downside break will target 1.65
Gold just bumped the 50% fib level which apparently a major resistance level. I'm looking for a short position with initial take profit @ 61.8% fib level.
- 4 H chart : I found this FALLING WEDGE : maybe this could be LONG in a SHORT time period (still BEARISH on WEEKLY). - NEUTRAL SUPPORT ZONE btw 1268><1277 - DAILY chart : a test on 200 SMA (could act as support) and give a new run up Conclusion : I am waiting for the reaction at 1300 (on 1H chart) (This is my first chart published : advice are welcome)
New lower low, waiting for retest of previous low. Sell at confluence with 50% fibonacci retracement of the last swing low. T1 at structure (blue dotted line) which is 1.27 fibonacci extension of the last swing low as well. T2 at 61.8% retracement of the main swing high in this chart
Channel breakout to the upside. Wait for retest of previous resistence (should became support) and look for continuation. Many fib ratios lining up on the buy area.
This is EURUSD 4h. This is a great opportunity for getting long in this trade as evidence by the price action in side the PRZ, the whole PRZ is tested but not breach meaning that the previews level on the left, as Jason Stapleton always says "Look Left structure leaves clues" and akil also says that. The level is holding. RSI is climbing so we should be climbing...
The Yen has been building in strength through the summer. Here price has entered in to a small range(within a larger downtrend), with price being rejected at the .618 fib retracement and the resistance line, which created a confluence of resistance. Recent candle wicks show rejection at the 101.800 level, so I suspect this retracement may becoming to an end. ...
I believe we will see a break of resistance at the 1.8239 area with a target of 1.83486. This is backed up by the fact that the channel we are currently in is bullish and has been for some time, the entry was determined by confluence of the 618 fib retracement level and the long standing support/resistance we have at 1.81784 which was recently rejected 3 times....
Not a lot of volume the past few days leaves Bitcoin in a CONGESTION phase until June 27 to June 30 just fluctuating without any clear direction. TA cannot be very helpful in such a immature market but a forecast can still be done. The congestion range is mainly between 582 to 621. My opinion is: (1) technically the chances of seeing 550 is unfortunately...
Nearby end of A wave if it can break Triangle to make for B wave
Perfect Bullish Bat in USDCAD 240 mins chart, probably it will work out...!
I found this pattern on the 1D chart, however i noticed the A to B leg didn't go to the 0.618 retracement XA. This is my first idea posted so tell me if it's right or wrong. I don't think i'll be trading this one because the RR ration is about 0.90 then 1.33 on second target. Hopefully it will work. Ivan
In EURJPY 4H emerging Bearish bat according to my analyse market will go up and will complete the bearish pattern and then will go down probably from they 143.900 level