HuskyJ

HuskyJ

Possible flag forming between FibR 1 and FibR 2 Double bottom at base of flagpole providing solid support

HuskyJ Updated 

- Bearish 200SMA & 200EMA crossover. - Ichimoku Cloud will reinforce the double MA resistance. - Closed below previous support zone. - Price action bearish MA crossover - Bearish MACD - In oversold range even with high buy volume - Trending down and people panicking - Take profit at FibE levels

HuskyJ

Possible reverse flag forming, if breaks blow then target is at 1.272-1.414 Fib Extension. If Breaks above, pattern invalidated.

HuskyJ

- Finding support at .786 Fib Retracement (AB) / .5 Fib Extension (BCB) - Finding support at the bullish trend line - Possible secondary support at .618 Fib Retracement / .786 Fib Extension - Target Fib Retracement 1.272 /.1.414 = 500USD / 550USD -Awaiting trend breakout and confirmation.