Xrp haftalık grafik de çok güzel bir nokta da, hacim çok yükselmiş, 2017 boğa koşusunda bile böyle bir hacime ulaşmamış ve klasik bir AB=CD formasyonu var.
Here we can see a potential reverse H&S Pattern beginning to form.
I will be looking for long position once gold taps the 61.8 fib retracement level to form the right shoulder.
We already know that if this pattern forms once the neckline breaks it should break the same length as the neck to head.
After putting in a fib extensions from the 61.8 retracement we can...
With the economy reopening the demand for crude oil is returning to its normal levels and this means we can expect to see a further rise in oil prices. However, with rumours going around that the storages for oil are more full and supply is too high it is unlikely that we will see a full restoration of previous prices. This said it is likely that we see a touch of...
- We are seeing a series of higher lows
- Some nice long wick rejections off the upwards trend line
- Currently sitting in the 'Golden Pocket' area of the Fibonacci
- Would be looking for a pullback to the trend line and 0.786 Fib.
I have been analysing AUDUSD and waiting to see if price will break the downward trend line. If we see a break of the trendline we will look for a Long position and ride the trade until we approach the golden zone on the Fibb chart. The Stochastic Indicator along with the RSI is indicating the markets have been over Sold and we should see a correction. Who else agrees?