cantestogo

cantestogo

If you look at previous run up you can observe that it begins around 2003 with a no clear trend, but in the following years it tooks the shape of a rising wedge. The trendlines of this pattern expande, with both trendlines slanted in an upward direction. As the strength of the buyers weakens (exhibited by their inability to take the price higher), the sellers...

cantestogo

Looking at daily chart we can see a great uptrend beginning on September 2013, that brings from 5$ to 18$. This uptrend needs a correction so applying Fib retrace lines we can see that a good target could be the 0.5 Fib line. At the moment the downtrend is taking the shape of a descending wedge. Also a measured target of the previous drop points to the 0.5 fib...

cantestogo

Looking at weekly chart we can see a possibility to build a perfect head and shoulders pattern, At the moment we are in the top of right shoulder. The 0.23 fib could be a perfect target for a reversal. If it's a perfect symmetry we can target to the 0.5 fib, otherwise we can point to the 0.38 or around 55 dollars area. So look at momentum and volume for...

cantestogo

Looking at previous uptrend cycle we can see the same pattern repeated like a sort of fractal scheme. It begins with an impulsive wave (blue arrow) an follows a consolidation (green box). At the end of this great cycle follows a big consolidation (orange box), so we can resume the whole uptrend in a big impulsive blue arrow. With the big impulsive wave and the big...

cantestogo

Hi guys. I've illustrated this chart yesterday on chat when we were around 600 and my measured target is gone pretty well around 545. I was shorting and i closed my position on profit. Before opening a new position i would suggest patience to see if we can test once again the 520 support and if it holds. Otherwise our bottom could be this 550 area so we are...

cantestogo

Looking at 1h chart we can see the trend going above the cloud. We have a bottom on the red dotted line (around 15,70) that could be a strong support for middle term. The previous moves can be seen into a channel pattern, so we can assume that next move follows the same kind of pattern. That sort of triangle pattern could contain the trend between 18,40 and 16....