Just trying to learn producing scenarios "WHAT IF". Bullish option is AB=CD confluenced with potential bat or gartley. Bearish is breakdown down, retest and then down. Notice - my previous (one way) EURUSD idea complete, so now is time to thing what is more probable scenario. More probable? I am more bullish than bearish...
This is one possible scenario. A bounce from 1.1270/80 could send the price back to retest 1.1220. As long as the price will not break and close (60 min chart) below 1.1200, it might continue the up trend, targeting this time thr 61.8 Fibonacci retracement. A break below 1.1200 could signal a further drop for the Euro. Don't forget about granny Yellen, who's gonna...
This chart show us a possible double top scenario. There actually two of them pink rectangles. A confirmation of it could be the break of support at 120.5 -120.1 area. You can also see how the double bottom scenario worked out (blue rectangles).
Here is a land of imagination, hopes and dreams. Magic and make-believe are reborn and fairy tales come true. Fantasyland is dedicated to the young at heart, to those who believe that when you wish upon a star your dreams do come true. Each Fantasyland has several gentle rides.* Using the RSI (Relative Strength Index) indicator with a 12 week period (equal to...
US indexes were up in early trading after New Home Sales data came out much better than expected. Consumer Confidence Index beats expectations as well. But later markets reversed, engulfed those gains and closed near lows. Lets see clues and points of adjustments (15 min timeframe analysis). After price reached resistance zone $195.50-.60 reversal candle appeared...
SPY covered part of losses after drop down on Thursday. Looks like buyers don't want to give up. I am oging to measure sentiment with Fibonacci levels. This bounce wasn't so strong as it is only 38%-50% from the move from highs. If sellers will hold $194.20ish, then $194.60-.80 then with high probability I expect move through low $193.11 to the next potential...
Facebook (FB) in the morning went through previous high at $59.56 but than reversed and gave us tactical entry with Short option. That was point where you make adjustments and should react quickly as market stays in range-bound mode. After it came from $20s to $70s and then was sold off to mid $50s it enetered into wedge/range and recent action became very...
Big Picture: US markets are strong, so I like long ideas. Despite, this stock looks weak I think if market break up failure scenario will come into play money will rotate from stocks that are on highs to underperforming stocks. And if market will continue showing strength momentum will cautch up this stock as well. This technology company grew up from $20 since...
As everyone knows, except for in the most cataclysmic of circumstances, long-term trend signal always trumps short-term fluctuations, in a stochastic dynamical system. If that rule is being violated, the reasons are likely psychosomatic. •Empirically, there has been an exponential, global, lower bound of support buffeting Bitcoin's long-term uptrend against...
possible scenario. Chart is autodidactic.