Pattern: Ascending Triangle on 1D. Signal: Bullish since the 1.0890 Resistance broke upwards. Target: 1.1000 (lower 1W Resistance).
The recent recovery is classified as a counter trend move. Now that this recovery has reached the 38.2% retracement as well as the MA200 (not shown) from the down side, I expect the setting of a new lower peak on the medium to longer term charts. After some consolidation pressure should mount again leading to a resumption of the primary down trend. Focus remains...
Pattern: Rectangle on 4H. Signal: Bearish as the price is just under the Resistance Zone. Target: 1.0725.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
E8 STRUCTURE UPDATE 38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
Long SEKNOK @ 0.90; TP @ 0.9180, SL your choice
Look for 1.1150-1.1200+ with support finds at 1.0950 and 1.0800. MT support finds at 1.0675
Both long and short targets hit on NOKSEK as the price made a two-way swing within the Rectangle's 1.09456 Resistance and 1.07445 Support. The 1W Rectangle remains valid (RSI = 56.591, STOCH = 52.647, ADX = 18.466) and we will continue applying a scalping approach, currently on a short aiming at the 1.07445 Support (TP).
Pullback on neckline of a Head nad Shoulders + technical resistance
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
As you can see from this 1D chart, there is an inverse head and shoulders pattern and the neckline got broken a few days ago which signals that the pattern is complete and it is ready to go up. Moreover, the price is still above the moving average which tells us that the price is still in an uptrend. Therefore, we can buy NOKSEK at this pullback and aim for the...
=> For those following our USDSEK idea you will know we believe the negative SEK flow is something that has run its course. => Oil is starting to look very heavy at the highs, the boat is fully loaded with almost 90% are now bullish. In the oven we have more advancements coming on the electric side which will likely show a clear inflexion point for the end of oil...
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
NOKSEK is trading within a long term Rectangle on 1W (Williams = -53.421, CCI = 12.5397, Highs/Lows = 0.0000) with 1D indicating that at the moment the price is on the pivot (RSI = 51.985, ADX = 17.916) with both directions equally probable. We will be scalping within the Resistance (1.09456) and Support (1.07445) lines indicated in blue.