Gold having a bull run breaking bearish trend line & 50 MA. Looking for a long position on the pull back up to the .618 fib.
GU with a bull run is not showing resistance up around the .786 fib retracement. I personally dont like how close it came to the .786 to think that there is more room for bulls... Will be looking for the divergence reversal if we get a strong bullish candle to touch the .786. .382 for support to look for buys
Had a nice bull run with EU. Congrats to anyone who identified the Divergence at the bottom and got in! We may have one more push up. Look for wicks around the .382 fib retracement to see if it will act as support.
Bitcoin is still holding the bearish outlook. Another leg down yesterday has now created divergence in the RSI. Its still to early whether or not .618 is going to hold as support.... If broken, we will be going down to .786 to test for support. I would advise to hold off on buying here until the bearish trend line gets broke. Don't get caught!
Here is a bigger picture snap shot of US Index. We are still holding a bullish outlook. Where we are currently I would personally hold off on making any trade decisions.
On a roll today :) Price has pulled back and is showing wicks on the .618 fib retracement. So since we see it respecting that area we now can look for the setup to go short. The price is wedging now. Option 1: Wait until price touches the top of the wedge it has formed and short Option 2: Wait until the breakout of the wedge and short Option 3: Short now and...
Price is currently in a minor bullish wedge. Major trend is bearish, but we may get a break of the wedge bullish which will give us another chance to tag the .618 fib retracement at 1.26894.
Shorting AUD/NZD. Using Fibs you can see the price was rejected at .618 on the bull run and is now coming down. Price has also broke bullish trend, and retested. .618 is now the target for the pull back for the short. Good Luck Everyone! Endlessinvestments.com t.me
A lot of questions about gold. Well from a technical standpoint it has more room to push up to tag the .618 fib. Would i buy or sell right now. NO. Either wait until it hits .618 and short or wait until it breaks this current consolidation down and then short.
Good Morning Everyone! Had my eyes on NU for some time. We are now at the bottom of the daily bearish channel with divergence. Looking to buy! Good Luck Everyone!
Looks like the EUR had some good news in the meeting. We are breaking the .236 fib closing soon above on the 4 hour bar and breaking the bearish trend line. Looking for a short term BUY up to the .618 fib. Good Luck Everyone!
Hello Everyone. Sorry I haven't posted in a while. Busy Busy. Just thought I post a bigger picture of EU. As you can clearly see we are in a Bearish Channel that we have been in for some time. You throw in some fib retracts on this recent downfall and we have breached the .618 pull back of support. Sooo whats next. .786 is the next stop for support around 1.081....
As you are all aware. Hemp is getting a lot of publicity. Hemp company just announced today they are now processing for a bio plastic company. I have a strong gut feeling once they show a positive return this stock is going to go through the roof! Keep your eyes on it!
Happy Monday everyone! Had some nice bullish momentum to the .618 Fib. Pulling back now. Going to get in a long on support to see if we go for the .786 Fib.
Didnt get the bull breakout earlier yesterday, but still looking for the bullish momentum. Still holding support. Looking to get back in after the small minor bearish trend is broken with momentum DXY still holding resistance.
At Strong resistance again after the fake breakout earlier last week. Expecting the resistance to be respected and fall back down
Good Morning all! Price has now broke the bearish channel. Pull back was to the .786 fib. Entered once the channel was broken, and the candle closed on the 1 hour outside of the channel. Going long for at-least 100 pips. Good Luck!
We got the bearish impulse that was anticipated. Now looking for the long position. Must reach .618 fib and then break the bearish channel i have identified. Good Luck Everyone!