MatthewGitau

MatthewGitau

We can be looking to see the market continue in the downward fashion, then after the market has finished and reaches our resistance zones we should be able to predict where it shall reverse as, we shall enter the Big trade down, then execute a high frequency of day trades so you shall be aware of all the inner workings of what is going on! Simple price action...

MatthewGitau

Fundamentals have not been used in this analysis, this is a pure TA, but from what im seeing there is a downswing that is occurring on the 2 hour chart, however there is a good chance for the bull to continue on the daily.

MatthewGitau

Simple move to the upswing and then we can expect a retracement back down and but before it begins its bearish decent, we can sell our LTC and buy back when it is low to increase holding size... been a while since ive posted, so lets see how this one pans out...remember guys dont try and predict the market, your not a time traveling God, but you can observe and...

MatthewGitau

Not even going to lie, I'm posting this one so I can see if this prediction is going to come, and to raise my score, but there is another completion of an abcd pattern and a harmonic accompanied with price action analysis. This pairing is going to be affected drastically by the news, since it usually does, so be watchful for that and you can use this forecast as a...

MatthewGitau

This is more of an overview than a signal and since the completion of this movement can take up to 2 months or more the fundamentals have been left out, but, as you can see for starters there is an abcd pattern that is trying to complete coupled up with a harmonic pattern. The ratios for the harmonics also aline with the Fibonacci retracements, which have been...

MatthewGitau

we have hit our level of support so, we can look for an opportunity to enter into a long trade. The support of the uptrend has been respected time and time again, and continuously retraced once hitting this, so I would expect the market to move in an upward fashion to bag us 200 pips, but set your stop loss to 120 to be safe, and use fib extension to aid in your...

MatthewGitau

it has hit its resistance and I've been looking for the confirmation, since we can expect the price to retrace in the downwards fashion as you zoom out in day mode, you can see the bearish trend... in 1hr, 4hr and 1day we can expect it to go down.

MatthewGitau

The trend line shows a overall support for the past few months, meaning it should follow its current pattern of hitting the trend line and then closing above it, whilst we need to be weary of any false breaks, that could lead us to think its a short position. We can also see the formation of a double top and it was already in a bearish trend which can also lead us...

MatthewGitau

A simple analysis to what could outcome, some other opinions in the comments would be greatly appreciated...

MatthewGitau

It is still climbing to reach its previous height were it may begin to stabilise before it continues to ascend or it may decide to retrace. some fundamental analysis will play a crucial role in the following weeks. A price tag has been used to give you an idea on where to put your take profit, and the dotted lines are there to show were the trend may begin to...

MatthewGitau

I've not written in any stop losses or take profits since we all would have different opinions on that, though ill make sure to write them down in future analysis though!