Fibonacci

2018 Cryptocurrency Crash (Elliott Wave): Inflection Point https://i.imgur.com/EGmziB1.png

$ETH has put in a great set-up. We are currently sitting around $207 Price has pulled into an area of structural support, through a harmonic AB=CD move. At this area of structure, we get the 127.2 Fibonacci confluence. For me, a key indicator to go long here, is a the addition of a double bottom coupled with bullish divergence on RSI (7). This suggests that ...

This 1W chart of WTI Crude Oil gives a great example of many confluences of support. - Hitting trend line support - Hitting 0.382 fib from Feb 2016 low - Hitting 0.5 fib from June 2017 low - Horizontal resistance possibly turning into support - 100 MA support - 1D RSI of 20, signalling oversold after 23% drop in 27 days Sentiment in this 27 days has flipped ...

Looks to me that the GBPJPY will struggle around the resistance heavily as it has tested it multiple times already and hasn't broken through in the past. Who knows though maybe it will, you can never know? However more likely a sell looks more like a viable option, dropping heavily all the way to the 61.8% on the Fibonnaci which is a key support zone also. On the ...

SEE PICS BELOW FOR FULL VIEW! DAILY CHART - price currently at a daily level of structure 1.27695 - 1.27695 level tested as S/R multiple times looking left - double bottom formed? https://www.tradingview.com/x/6VugxXGG/ 4 HOUR CHART - price closed above previous lower low - possible double bottom forming on 4 hour chart - 1.27695 level held when price tried to ...

SEE PICS BELOW FOR FULL VIEW! DAILY CHART - price in a overall uptrend - short pullback on daily chart - price previously broke through resistance which was 122.878 now is support - 112.878 level has been tested as S/R multiple times in the past (looking left) - 50.0% fib level matches perfectly with 122.878 level https://www.tradingview.com/x/7i5bQfzN/ 4 HOUR ...

OMG/BTC has been declining for the most part of this year but has found strong support at it's previous all time low of around 0.000450. One of the more promising ERC20 tokens, OMG development has been soldiering on in the background with a steady stream of commits on their GitHub repos. Price action has not been encouraging for a while since the bears starting ...

Double max H4, 1W Fibonacci, H4 Rsi divergence, 1D trendline, 1D price action (resistance). rr 1:2, maybe 1:3

Exemplarily, the S&P500 rebounded on its 61.8% Fibo-Retracement. Also there was the correctional high of October. If the S&P500 can´t close above 2.820 points, it is in a short-term downtrend. The next first target would be at about 2.610 points. If the bulls still do not take the scepter, it can slip one more level to 2.480 points. If we see the year-end ...

Have a nice elliot wave triangle set up, to confirm that WE MAY be heading down to the downside, Daily has created a strong bearish engulfing candle. I have marked off three areas as to why I expect to head I also am expecting price to rise a little more higher, so have to remain discipline and patient and await for a good entry A nice move of 100+ Pips could be ...

SEE PICS BELOW! WEEKLY CHART - price currently in a donwtrend - this weeks weekly candle closed below previous lower low - nice rejection from the monthly key level https://www.tradingview.com/x/ZNGsmzz2/ DAILY CHART - price in a downtrend (confluence with weekly chart) - price broken through level 1.13668 with two strong bearish ...

SEE PICS BELOW! DAILY CHART - short term pullback (overall trend is a downtrend) - price currently consolidating between monthly and daily levels (red and black lines) - daily candle closed with a rejection candle - daily close candle has been rejection from 50% fib level - price has been rejected from a key level of 129.713 which has been tested as S/R multiple ...

Expecting price to hit 61.8 fib in confluence with EMA this may take a week or two to play can look to enter UJ after the impulsive wave to downside and see a pullback

Cable seems to be stalling around the 1.3035 level where we have confluences of the 200 MA on H4 along with the 61.8 fibonacci level and the daily resistance just above at 1.3050 all acting as dynamic resistance and illustrating that price is struggling to take this area out.

AUDUSD broke above its multi-month trendline yesterday and closed above on a much larger than expected trade surplus and also Chinese gov report they will support the economy with aggressive stimulus in a "do what ever it takes" approach. This positive news comes at a time when Asia Pac FX is extremely bearish and oversold without much in the way of relief. Trade ...

If structure holds this pair should bounce back from its bullish trend line since the start of last month, and with added confluence of the 61.8 fibonacci level, we should have seen the end of this downwards correction. The bearish momentum of USD/CAD has been overturned since coming out the daily parallel channel and subsequently this pair has been forming higher ...

Published 01/11 - RISK ON TRADE IF risk on sentiment returns to the market (even in the short term), JPY will continue to weaken across the board as USDJPY will push higher towards 114.50 resistance. USDJPY bulls defended the 112 handle as USTs found resistance and equities have bounced for now. Also, new positive brexit commentary is out today, with Raab, the ...

Wait for an entry reason within the box. Stops will be ATR based and targets set at .382 & .618 A-D leg (re-stretched if price moves lower before reversing)