This is my first time ever using the .618 fibs.... Please do not ask how I got these zones I just learned from a book. Future analysis will be posted. So far... these levels are mind blowing. I got these results from one swing high!!!!! Fibs are God!
Here we have a completed Gartley pattern in the positive deviation area of the last 100 and 200 moves. According to my strategy , this market is likely to reverse down into the negative regression. As of right now, the market is retesting the high at point D and we should see a trade completion in the next couple of hours. Anyone that has been following my trades...
Picture is best description :) short somewhere on 1200 (notice - this is ROUND LEVEL!) SL above 1206 - 1208 TP1 - 1190, TP2 - 1184, TP3 - 1180 (fibo levels)
After double topped, the kiwi made a strong break down and now it retraces to 618 area, which could be a nice selling oppurtunity with two potential targets and stops above the double top - as it is written above.
almost a perfect .618 retracement good symmetry pullback support is aligning with the previous breakout rally back on April 29 time will tell but I like the risk/reward here
Looking at the EUR/USD on the 4 hour time frame, we are presented with a double top, that could be completed with all conditions met, once we reach the 618% retracement. Stops and targets are in place, market orders are set, good luck trading, plan your trade, trade your plan. Star Prosper Philip Stewart
Nice reversal structure trade, that has hit target at the 127% On completion, we have hit the 886 d leg to complete the bullish pat pattern. TP1 at 382 and TP2 at 618 Star Prosper Philip Stewart
RIG is coming of divergence that sent price breaking resistance with momentum confirming the move higher by also making higher highs. RIG has since pulled back to a .618 retracement. I am looking for price to move past its most recent leg higher and test the 127 projection of this leg. With stops placed below the most recent swing point low, this trade offers a...
NUGT has put in a .618 retracement after triple divergence led it to break previous resistance with momentum confirming the break. Our decline was not a sharp decline at all hinting that this was price taking a breather on somewhat lighter volume. I am looking for price to continue to its 127 projection with stops underneath previous lows.
Although its a bit early to look for this last 2 swings stop play around that favourite of ours .618 level. Watch it.
VZ has come to trade in a nice little squeeze of a channel here for the past week. This support level also happens to be the .618 of the bigger picture leg. Momentum continues to see higher lows which should lead to this level holding up and a retest to the next resistance level.