We are at 50% retracement of the last major downward move 618 retracement of the last smaller downward move 1.272 extension of the previous upward move previous structure RSI is overbought Good time to short I guess :)
Some testing of the fib levels. I don't think we'll make it through. I think we'll see new lows.
All i did was use the previous exact same thing that happened around Oct-nov 2014 rally after the large drop. I noticed after a potentional bottom (16x on btce) that it was the same % drop from a couple last large drops in Oct and back in April 2014. First public chart so criticisms welcome, thanks.I made this last night but wasnt sure if I was going to publish it...
Hi Trades, I was just looking this morning this Gold Monthly chart and when I looked the indicators I really liked it. By looking Stoch we can see that he blue line crossed the red line which is a bullish signal and RSI is breaking the second trend-line. Keep this in mind. However, just a break of 1.300 I can see Gold going to 1.500. Bellow 1,300; I don't delete...
Price currently on 61% in confluence with the 3rd trendline test on the weekly/daily Bullish Engulfing on the 4HR Inverse head and shoulder with ABCD in play Targeting 3 length breakouts measured by the head to neckline of the crown patern Target 1 fib D extension, -1.27% .... Target 2 -1.618% Target 3 supply zone / 3rd range break to the upside
Hi guys, USD/CAD is the pair that is on my watching list for this week and is very interesting. The level that I am watching is 1.1917 which can a trend line from 07/2013. Also lets keep in mind that the H&S has already hit target and looks like we are in 5 waves up in this pair. Time for correction or reversal? I don't know, but thing is for sure, if he gets...
The Dollar Index (DXY) is close to a zone of resistance around 92.88 which is also 0.236% fib. Is in this area that I am waiting for a long time to reach and we might see a short to medium term correction or even reverse if the greenback shows some worrying signs.
None of the indicators show absolutely that we are in correction just yet (monthly and weekly view). On the daily in previous post I've noted where we've been and why we'll bounce up again. This chart shows the Fib Extension has not yet hit 1.618. Pair that will indicators not clearly showing correction and you can see how a weak climb recovery currently in...
Price moving in the channel drawn on the chart. Price is respecting the bottom trend line, we could see a 50/61.8 retracement to the top of a channel, followed by a continuation of the down trend. Neutral, for now.
Three Elliott Wave points converge @ $294. Look for upswing.
My last Fibonacci chart seemed to work out quite well as price respected all Fib Levels. I have added the levels of 0.114 : 0.886, and 0.75 to this chart to see how well the market will respect these levels. I have also put the 50% retracement level on the first price high of this rather small rally. Would be interesting to see if price will indeed reach the...
300+ pip Weekly Pin Bar Tail rejecting lows Range 121.84 / 115.56 Fib Players Target 132.13 after near 38.2% hit
FIB RETRACE AFTER TESTING SUPPORT, SHOULD GRADUALLY INCREASE UNLESS IT BREAKS THROUGH SUPPORT.
Annotations on the chart. This is an update of my last chart "Anticipatory layout with important trend lines, levels, time fibs"
We might be cought in sideways within the red channel for another 20 days. I look at the Willy or MAGNUS™ indicator and compare it to a similar situation we had a couple months ago. The yellow box had some rangebound action in it with a little breakdown in the middle ( just like we had it now ). The question is what will happen after the yellow box? The red box...