Waiting for deep pullback around 0.7650's levels which we have a confluence of fibonacci 1.414 extension,0.618 retracement,AB=CD pattern and major structure on the higher time-frame.If price does eventually get to those structure levels then the last thing to look out for is a double-top and a lower-low lower-close with a bearish divergence for an entry in this...
Maybe... :) I have literally spent hours to make this chart and to figure out Bitcoin. I've spent hours to count the Elliott Waves down to the smallest sub-waves. I've spent hours talking with experts, who have more experience with Elliott Wave-theory than me. And none of us can make it work 100 % - It's one of the few times that has happened. But It kinda make...
_____________________________ Idea: We have HEAVY bullish divergence on the RSI and a good target for the 1.618 to be the end of wave 3 _____________________________ Warning: we did hit the 1:1 extension of 1 and immediately corrected from there, I am assuming that this was only a subwave of 3 rather than the entire wave but i could be wrong on this point...
I am not interested in selling EA again yet. Called the sell at the top, and the buy from the bottom BTW, just not in here. I expect some further correction up. I removed all my trend fibs and simplified for clearer chart. I see more downside but expect another leg up before any bearish continuation. I feel like the current pennant that it is in on 1 hr is...
As of now, oversold on weekly and daily. Has a large zone it can extend into, but as of right now is looking like a classic modern day 7 swing pattern, which if completed, would bring it right to the .618 retrace of major low to major high... If you see this playing out, which looks like it will trade accordingly. These are the types of "supply and demand" trades...
BTCUSD Update: Nothing new on the new high front except for a new high of 7598. When markets trade like this, it is always a good idea to really zoom out to get a sense of proportion and risk. People ask me why is it that I won't go long if I am projecting targets at the 8k level? I realize when I answer, "Risk is too high" that is vague. So in this chart I will...
Bitcoin continues to accelerate higher, with only minor corrective declines on the way (also seen in the US indices). The next possible upside target for wave 5 and (3) is seen near 7,800. That said, we should be aware of a possible extension closer to 9,150 or even towards 10,783.
Taking a look back at previous Elliot Wave pattern of EMC2: 1. Wave 3 Extended to 2.272 Fib Extension Perfectly 2 Wave 5 Extended to 2.272 Fib Extension Perfectly So If this latest impulse is a Wave 1 (not yet complete) it could give some excellent price targets based on historical price action. I am very much new to this TA game so any feedback, constructive...
Shares of Intel Corp. (INTC) are breaking out of a triple top on the weekly chart going back to the end of 2014. Potential upside targets are around $41.5 in the near-term and $46 in longer-term when using the 127.2% and 161.8% extensions, respectively. Support around $38 needs to hold to confirm the breakout.
Price action has recently broken previous support and put in a lower low, lower close and has now retraced back into structure (now acting as resistance) taking a fib measurement from the A leg down to the B leg we can also see price has retraced up to the 618 level!!! with the RSI indicator being over brought!!! looking to short the C Leg taking profit target at...
C TO D LEG SETUP TO FINISH FOR GARTLEY PATTERN LOOKING TO SHORT AT END OF D LEG NICE FIRST PULL BACK WITH 61.8% RETRACEMENT AND SECOND PULLBACK WITH 50% AND THE FACT THAT 78.6 AND 1.272 LINE UP SO NOICE SEEMS LIKE GOOD GARTLEY SETUP
I have the 1.618 extension from return expectations
Eurgbp gapped up this morning and is now hovering around the top of a descending channel that also lines up with the 50% fib of last move after a few rejections. if we stay below the 50 on a 4 hour candle close that will present a short opportunity down to test the longterm 50% Fibonacci from the brexit rally at 0.84160
GBP/AUD so far so good......watching for further movement and pivot price action to move stop and reduce my risk further.
Oil price bouncing of the 61.8% Fib level, UC bouncing of the 127% extension.. TP1 38.2% fib, TP2 50% fib! Good luck! For live trading please visit www.twitch.tv
-Completed AB=CD (AB 48 bars, CD 44 bars, with BC at 0.618 retrace and CD 1.414 extension over AB) outside higher BB with each wave touching the trend line. -RSI hit same resistance at 70 since february, CD wave showing signs of weakness now. DMI confirms the maturity of this uptrend. EURUSD now at 0.618 and important support level. Since 3 days price has been...
So far EG is behaving as expected after weekly candle closed below trend line and harmonic pattern was completed. First target was hit at the 127 Fib extension, short remains active looking for it to hit the next level within 24hrs