I posted this chart before, however I think the font-sizes I used were not big enough for people to read properly. That's why I updated a few things and am sharing this with you.
With the recent bearish retest of the $8750 price levels, the $7350 is the first obvious support on the way down. This coincides with the 0.618 fib retracement level drawn from the...
According to the recent drop in Apple's ( NASDAQ:AAPL ) stock price, I think it's time to publish my analysis by considering the Elliott wave pattern, which you can see in the above chart.
Before you study the idea, it's important to know if in cases price crosses each of $200 resistance line, upward, or $137 support line, downward, and then fix, it may...
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1...
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1...
The USDJPY failed yesterday to go for sharp downtrend after breaking important support level, we will wait for a breakout above the resistance or below the support level to go with a trade.
Happy trading.
Hi,
here I have marked important lines and price levels you should keep an eye on.
White lines are coming from previous weekly levels.
Black lines are for daily.
White lines are stronger than black.
Very simple,
trade the lines.
Buy if shows support, sell if it penetrates good.
Thanks.
Here, I analyze NASDAQ:FB according to trendlines.
Lower green trendline is important, tracing back to earlier months, hence thickest .
Upper green trendline is of lesser time, hence less thicker .
The red lines show the most recent levels to keep a tab on.
The black lines are another set of trendlines to look.
Watch how how the stock...
Price is reacting with a long term Fib level at 1122.84, and moving up to the mid 1170s.
Around the 1170s we have an overlap of two fibonacci retracement levels, and a horizontal resistance level. After a decently strong bearish candle closes from this resistance, I will be shorting gold with a target of 1135, and a second one in the high 1000s as price makes...
Just waiting for price to complete a Fibonacci retracement [back inside the 33%-38% Purple Zone ] before adding additional Buy positions. There is horizontal Support around 0.7360 so from there we look to hop back aboard the fast moving train and follow the "current" path of least resistance :)
The next major train station is near the 0.77740 price area (the...
