Are we seeing the start of some USD strength? Nice bullish candle to break the descending trendline and 50MA Would like a pullback to retest the trendline and reject the golden pocket area of the FIB creating a new higher low.
Learning about how the .681, 1.618, 2.618, 3.618 and 4.618 interact to create supper charge support/res. Any theories out there on the mystery of the 1.65? is it related to the .5? Does it take into account the rounding errors in the golden ratio?
Looking to enter shorts on a pullback to retest the broken ascending trendline and the currently descending trendline in confluence to our 0.618-0.65 fib retracement area, ultimately creating a golden pocket to open our positions from. Furthermore, there is a strong historical S&R zone which can act as a rejection spot for the price.
Immutep Ltd is a biotechnology company working primarily in the field of cancer immunotherapy using the LAG3 immune control mechanism. The company was originally built on CVac, a therapeutic cancer vaccine. Break out of ascending Triangle confirms, Targeting Supply @ 0.30 - Ascending Triangle Confirms - 4th touch on Fib .236 breaks - Measured move lines up...
This will be a good one to hold for a while, looking to enter at Fibonacci retracement which lines up perfectly with possible Right shoulder forming I am using Loose stops as I was hunted on my tight stops yesterday This is based on weekly timeframe so let the price action develop on mentioned levels I have also started sending Proper signal in telegram...
AFTERPAY (ASX:APT) New ATH or in need of a retrace (A sign of darker times ahead though IMO) 3 Scenarios to play out in the next week. 1: Now that we have popped back into long term uptrend and with the amount of people using the service due to Covid-19 (with no end in site) $50 mark looking very achievable. -Current Support holding -Bouncing off long term...
ZIP CO LIMITED (ASX:Z1P) has bounced back significantly well after the market dump in FEB/MAR, as have all lending services due to the job losses/ government surpluses around the world. When the market reopens on monday I can see a couple of things happening. 1: WE crack this 'strong equilibrium' as price action continues up the trendline and get squeezed into...
EURCAD approaching back down to retest the respectable ascending trendline and the recently broken descending trendline. We will be looking to open long positions on a pullback near the 0.618 fib level, which ultimately corresponds well with a previous level of strong support - creating this zone of confluence.
I see good confluence here on the chart with Fibonacci & ascending triangle support trendline, daily also possible bullish diversion printing, we might not get to 11k but even 1000$ move to 9700 is good for leverage trades. Laddering longs till 0.75 (using only 5% of balance)
After successfully breaking out of our descending trendline, we will now be looking to potentially retest it. Currently, the market is trending within a respectable parallel channel. A zone of confluence is created when the previous broken trendline and the current ascending trendline, meet each other. Furthermore, we have a clear 0.618 Fib retracement - lying...
Gonna risk a short, there is huge FVG below & possible double top forming, expecting at least a move down to golden pocket 0.618-0.65 i have set only 25% of bids set for now, res i will update once we get there, i don't follow FA but i know it plays a role so if you are not risk taker be patient
Were looking at a change in direction for this pair. We have seen a break of the descending trendline after a lot of bearish movement. Forming a new higher high, likely to be a small pullback/retest before making further upside movement. A good entry would be in the golden pocket area/rejection of the 50MA.
IF BTC rich 8.1K zone it will be strong action. It will be the end of 4 wave There is a golden pocket. If BTC will be rejected it will a big drop.
Missed the entry but there might be one more push up before it heads down... Short: Entry at the .618 Stops at the .707 First Target: high volume node Second target: Pitchfork median line
My view on ETH log scale. We got confluence at the $50 -> Weekly + 0.618.
The 2 main gaps below (8.5k and 7.7k) have now been filled and in doing so on the weekend, we've now created a rather large gap above current price action that will eventually be getting filled as well. The question is whether or not there will be any further downside before that. We can see we are still well under a very a very precarious head and shouylders...
This is six times now that we've interacted with this trend line. Our latest $1K+ run-up since last week has been parabolic; volume is diminishing; RSI is in overbought territory--I think there is a good probability of a retrace down to one of the Golden Pockets identified on the chart. The Lesser Golden Pocket is measured from the run-up starting around $8265,...
XTZ/BTC has made an ideal retrace to the golden zone and is now mirroring the ABCD bullish pattern that began early November 2019 which led to a 165% gain in a 41 day period. Bullish. Strong Buy.