Check this out guys ! the mean for this cycle is around 608. thats where the triangle is closing. also price rendered around the same area above and bellow the mean. also price fell bellow the mean exactly at the halftime of the triangle ! isn't this stuff fascinating :O alltogether this "means" xD that something big is going to happen on or maybe before the 9th...
Annotations on the chart. Due to the fact that such triangles often breakout after 75% - 80% completion, the 0.764 fib seems to fit great. Also the month of July will then mark the beginning of a new cycle with a rally up to 6000 (10 times the value before rally starts, so around 600)
Yesterday we had a low volume test so it is now ready to test the triangle from where it broke out.
All roads seem to be pointing to buy limit orders @ 1.4990 - 1.960. Price will likely head towards 1.5300 and turn back for the trend line and consolidate there for a bit and continue its long term rally. 1.4990 region is also a past lvl of support + 50% retracement + trendline, can anybody say confluence? There is also an intraday short setup here as well. Price...
The dollar index moved in a downtrend mode remaining supported by the 79.33 (wave 5) barrier, the low for 2014. However, we can identify positive divergence between our momentum studies and the price action, indicating that the trend is running out of momentum and is posible to rally up. Support: 79.33 Target: 79.78 (0.618 Fibonnacci) in 3 days (Gann)
Anticipating Intel to drop a bit further before rallying to an exit around $27. Thoughts? - - - - - All opinions expressed by Emuffn3 on this website are solely Emuffn3’s opinions and do not reflect the opinions of TradingView, or their affiliates. You should not treat any opinion expressed by Emuffn3 as a specific inducement to make a particular investment or...