TradingElephant

TradingElephant

Fib Lines work well at these price levels, and movements are just support/resistance lines from fib lines. Puts in place a massive rise, followed by a massive fall from profit-taking and fear.

TradingElephant

Fibonacci Lines show a strong resistance level at 1.27, at price $84.59. Since the Gann has shown incredible strength along the 1:1 line, I expect a rally at the end of this strong bullish run up to the 1.27 Fib line. From there, I've placed a short to profit off a weakening stock that may retrace fully into the $45-$55 range over the year 2016. NYSE:V

TradingElephant

Basically, this chart is using support/resistance from fibs, price action, and Gann Fan's (not shown). Of course anything can happen, but this chart is playing on a bit of a head and shoulders, with the head at $307, LS at $272, and a hypothetical RS at $270 (.618 micro/.707 macro fibs). The drop is to force a massive shakeout before bigger players enter, creating...

TradingElephant

While observing the EUR/USD chart, I noticed the incredible BULLISH market structure, with the higher highs and higher lows consistently moving the market up. I also noticed two possible patterns in the making while looking at the chart. The first pattern I noticed was the Head & Shoulders pattern, shown by in the chart. This pattern consists of three major high...

TradingElephant

Using the fundamental information of the Earnings Date for $TSLA, as well as the Merrill Lynch analyst target, I'm using the Head and Shoulders pattern, a reversal pattern, to show a sharp bearish turn after the pattern becomes complete. I've placed the top of the right shoulder during the week of the Earnings Date due to the a possible sudden rise in TSLA price...

TradingElephant

-Fib resistance arcs from the high point of $316.04 to $220 show where bitcoin should have and did find support on the way down, especially the arch channel between .382 and .5. According to where I placed my arches, bitcoin should find a some sort of rally near the end of April into early May. -Fibonacci retracement levels from $207.70 to $307.15 show us some...

TradingElephant

Gann's, Fibs, Elliot Waves, RSI

TradingElephant

Using a Bars Pattern drawing tool, I created a simulated version of the graph from 1/4/2015 to 2/26/2015. I then flipped this simulated version to show a possible movement for the next movement purely based on inverse movements from the last two months.

TradingElephant

Over the next couple days, we will see a lot of bearish action, primarily from the news of the upcoming US Marshall's Auction, as well as people who bought in the lower regions trying to cash out in profit in fear of a bearish drop coming. Now for the TA... the longer bearish trendline will attract the price for a bull trap, dropping the price out of the purple...

TradingElephant

Much of the reasoning behind my future price action speculation can be found in the chart itself, yet I will include some further details below. I first drew the Fibonacci levels in order to find the support/resistance levels given the range of price we are already in. Notice how many times the price crossing that 50% retracement level correlated with the price...