UPPgrayyed

UPPgrayyed

Hi Guys, i think the chances for a longterm bullish setup here are quiet good. Bounced of longterm Fib-Retracement 61.8. Broken bearish trendlines, retesting them. Possible 5th Elliot-Wave completed. Possible H&S forming. Longterm Mid-Trend-Channel-Resistance hit several times. Good Luck

UPPgrayyed

Maybe we have a cyclic Pattern with next high end of july. The Downtrend seems to come to an end after bouncing from 76 Retracement and making higher highs. If resistance (red box) can be broken - the way to the downward trendline may be open. If SL is under last low its a 2.3R .

UPPgrayyed

On weekly timeframe, a hammer candle formed @ longtime Support trendline. Nice oportunity for Long entry with small Risk. Stop under Last low. Good luck

UPPgrayyed

Hello Traders, i think we see a Shoulder - Head - Shoulder - Pattern here. Neckline has been broken and retests now. This in addition with bullish engulfing on mid-bolinger-band an violated descending Trendline could be a nice opportunity for a long setup.

UPPgrayyed

Hi Guys, nice bullish engulfing candle on daily timeframe after strong bearish rally + loosing momentum in downtrend - little divergence in stoch and macd. I'm expecting a pullback to Mid-Bollinger Band or upper Band / Resistance.