fib 0.618% has broken. Possible long to 90, 108, 131
Update...We had some nice upwards momentum recently but we have retraced. We now have a perfect confluence of re - tests to support, trend line & breakout. Providing the ascending trend line holds and we get above the 180EMA then ATOM is again looking very good. However, if it should break the trend line then the Fibonacci retracement levels & the levels of...
Looks like NYSE:GPS is following a strong retracement pattern, which it should fall back down on around the dark green, probably around the same level where it started the mountain. MACD histogram as well as the MACD/signal pattern seems to agree with this at least in the short term. I would suggest buying once it gets back down around the $20 level, but it...
NASDAQ:AMD is slightly up today, POSSIBLY on the hopes that the XLNX acquisition will be passed at their meeting. I am still bullish on AMD with the first price target being at the 50% fib retracement level of $84, and the second being $89. Options activity has been 3 to 1 calls to puts for this Friday with the average strike price being $82, which suggests we...
Analysis: Fibonacci Retracement
Interesting patterns are emerging in BP PLC, we're observing an ascending channel, respecting support at 250 GBX and Fib 0.5 at 289 GBP. The next level at 327 GBP and then 374 GBX.
REN has always been on of my favorite coins. Looking at this, i'm feeling a possible breakthrough. REN rising to the top. I say REN goes to $2.00 possible $2.15 Lmk what you think!
Hi every one Ethereum / U.S. Dollar This is an update on the last analysis of ETH/USD which we did for you. As you can see the crab pattern which we talked about a few days ago is about to complete the last movement which is (CD line) on the chart. If the pattern completes the price will reach around 2400 to 2500$! after the completion of crab pattern it is...
The short setup is based on reasons listed below: 1. Strong dollar(refer to my linked ideas) 2. Momentum: lower low structure 3. Left formation with pivots 4. yellow zone is between 50% and 61.8% fib levels 5. flip zone 6.Dual MA system Basically, it's a confluence trade with high probability. I'd like to set alert and watch the candle formation on 60m or 120m.
Nice price action today. Big piercing line potential reversal candle. Mac D about to go positive as well. RSI is still oversold as well. We gave a gap to fill way up at 88 area which is also the .786 retrace. So great upside potential. On the 4hr view we have a breakout and backtest completed out of the descending wedge formation. Also look at the volume on...
As you can see there is an inverted HnS pattern on this pair. Price actually already broken above the neckline and go down retracing a little bit. If you count that retracement, it stopped exactly at 61.8 fibonacci retracement. In my opinion we will see a continuation to the upside so we will buy this pair. Buy GBPCAD 1.7400 Stop loss 1.7300 Take profit 1.7600...
A perfect entry would be a 50% pullback from the previous high to a price between 12 and 13 cents. I expect that the price will meet the 50 EMA at this zone. Look for 50EMA retest and go long to 0.30 cents. But if the price breaks and close below the 50EMA look for a further downside and a change in trend.
Please see the graph, I believe it is fairly self-explanatory. Sharp price movement upwards expected after MACD crossover to the upside again + RSI sub-45. Not much time before it pumps again, accumulation ending soon. NOT FINANCIAL ADVICE.
Here is a possible quick setup for you guys! FX:USDCAD Overall trend on larger timeframes is showing prices headed downwards to possibly create an inverse head & shoulder signifying a possible reversal to the upside if price finds strong enough USD support to break the neckline. I applied our Fibonacci Retracement tool on the following levels, from the HIGH...
Looking to enter shorts on a pullback retesting broken ascending TL in confluence to the 0.5-0.618 fib retracement zone and previous area of support which is now key resistance.
- Respecting dynamic support - Sitting at 61.8 Fib level - Clear bullish market structure with higher highs and higher lows