JasonFosterII

JasonFosterII

4H has a small channel. 1H inside a range/consolidation. 1H range/consolidation breakout is probably the better confirmation for direction/entry. Major news at 8:30. So prob will get the breakout confirmation around 9 am or 10 am.

JasonFosterII

4H Inverted Head and Shoulders 30min Inverted Head & Shoulders as well. Expecting a pull back to 1.26180 area before continuing to the upside. Looking for TP area at 1.28000 .

JasonFosterII

30m Inverted Head & Shoulder. Top of pattern is the breakout for another inverted Head & Shoulder on 4h. See link below.

JasonFosterII

Weekly= Bullish. Daily= Bullish. 4H= Bullish. Weekly is in consolidation (Flag Pattern). Daily in bullish parallel channel. 1H bullish pennant breakout currently. Long-term expecting price to reach top of weekly consolidation/flag pattern (1.38800) then breakout to continue bullish movement to weekly zones. 1.41000 & 1.42000

JasonFosterII

Weekly= Bullish. Daily= Bullish. 4H= Bullish. Price currently rejecting 50% Daily Fib. As long as 4h maintains structure we are still good for buys. If 4h shift's structure wait for confirmation of buys again. Only looking for buys this week.

JasonFosterII

Weekly= Bullish. Daily= Bullish. 4H= Bullish. Caution: WHEN MONTHLY MOVES THIS AMOUNT IN PAST. PRICE SLOWS DOWN AND REVERSE. Nonetheless we are bullish and will continue to follow the trend. As long as 4h maintain structure. Currently in no man land at all time high waiting for a pullback. Don't marry your trade. Remember price goes BOTH ways and we could start...

JasonFosterII

Momentum Bullish= Last week broke out of 4h Pennant. Retracement= Rejecting 50% on 4h Fib. Continuation Pattern= Creating Bullish Flag on 1H Expecting price to continue bullish for the week after flag pattern breakout.

JasonFosterII

Weekly=Bullish. Daily=Bullish. 4H=Bullish. Major rejection on weekly from Monthly Resistance Zone. Daily currently pulled back to 50% daily fib level. 4H deep pullback to 78.6% fib level. Overall bullish as long as 4h maintains structure. If structure maintains, looking to see price go to top of monthly resistance zone (previous monthly highs) around 195.

JasonFosterII

Weekly=Bullish. Daily=Bullish. 4H=Bullish. Major rejection on higher time frame but market is still overall bullish. As long as the 4h maintains bullish structure look for buys. Currently 4h is in a deep pullback to 78.6% & 88.6% fib level. Because of Major rejection on higher time frame I would only use 0% (top of Fib) & -23.6% as TP levels. Just in case price...

JasonFosterII

Weekly=Bullish. Daily=Bullish. 4H=Bullish. 4H broke out of triangle/pennant pattern for a bullish breakout. Expecting price to pullback to 50% or 61.8% fib level and continue up. If not price will continue from 38.2% where its currently at. Looking for swing level of 18750 & 19000 before major pullback. Breakout buy is above 18477 on 4H.

JasonFosterII

Possible 15 min flag pattern. Expecting one more bounce from trend line before bullish breakout.

JasonFosterII

W=Bullish. D=Bearish. 4H=Bullish. Daily broke the higher low to become bearish but 4h shift structure to bullish creating an inverse head & shoulders. 4H recently broke the neckline of the pattern. 1H has a pennant formed. Weekly is also bullish rejecting the 50% fib level. Expecting price to break the pennant and S&D zone and continue to upside for long term...

JasonFosterII

4h is creating a pennant indicating strong possibility of continuation. All time highs currently so only possible resistance levels to go off of is the Fib levels. -23.6=TP1 -50=TP2 -61.8=TP3 Price is rejecting the 50% 4h fib level.

JasonFosterII

Weekly=Bullish. Daily=Bullish. 4H=Bearish (waiting for shift of structure) Weekly candlesticks are show rejection from 50% on weekly Fib. Overall Bullish market so waiting for 4h to shift to bullish. Zones marked up are daily supply & demand aka areas of interest.

JasonFosterII

Daily pennant near psychological level 18000. Expecting Bullish continuation for monthly time frame. If Daily pennant breaks out for buys expecting it to shoot for 18500 then 18900 area.

JasonFosterII Updated 

January Monthly candle finished Bullish & has not reached Monthly Resistance Zone yet. 4H Currently making a Bullish Pennant for trend continuation.

JasonFosterII

~4H & Daily Pennant is indicating trend continuation. ~Weekly and Daily breakout approaching Monthly Resistance level at 193.500 area. ~Expecting price to reject 189.450 area near the trend line (bottom of pennant) and continue to the upside. ~ 189.450 area will be the best area to get in for swing trade and another entry at the pattern breakout.

JasonFosterII

Daily & Weekly Flag Pattern Breakout. Expecting price to continue to pullback to 4h fib level 38.2 and continue bullish. Most of the news comes mid to end of the week. Expecting news to continue the trend and possibly fill the weekly wick at TP 5.