Trend lines drawn from previous highs an previous lows
:) www.youtube.com Sorry moderators but are the levels not self explanatory? :|
Experimental and idea based on Bearish Gartley a Cypher and Elliott Wave Combo Playing out! New to this, only a sketch. Technicals to be worked out. But exciting! <3
Charts are contradictory in a sense. Dollar target to the downside -0.236 and Euro vs Dollar down. Interesting.
Watched this one for a while as it has resisted at 0.382 resistance from Trend-Based Extension drawn from Low to high to low. Wedge drawn as confluence. Interesting.
Bearish Gartley formation inline with On Balance Volume. Quick analysis levels not an exact match but an idea for overall trend idea. With On Balance Volume - drawing a rising wedge. Not sure if this is valid on OBV chart indicator. A rising wedge is represented by a trend line caught between two upwardly slanted lines of support and resistance. In this case the...
Red short term green long term range with Fibs and Fib Resistance Fan. Bottom and support below the ranges. On the basis of my current knowledge. Bias on sideways price action, and potential bullish. Not accounting for down trending price movement. 0.75 Fan a support.
ABCD Pattern with 0.382 Fibs and 1.27 past fib high, current probable 1.27 fib high, -0.236 past fib low and probable current -0.236 fib low. Interesting fibs. Target bottom approx 97.50 target top approx 111.80 Added the Speed Resistance Fan for confluence. Pretty much made up based on High and Low, not sure about this, but it does have confluence against the...
Gold - Classic Elliott and Perfect Fibs as per previous post with Fib Resitance Fan with Confluence. Missing monthly, weekly, and daily support levels. I am sure they can be added for confluence.
Based on -0.618 support level. Possible play out with support and resistance. Obvious support -0.618. Mid level resistance -0.236 and 0 fib. Upper range 0.618 with a support back to -0.236. Also 2 Fib channels. 0.618 the bottom of the first upward channel. This is a Bullish bias, use -0.618 as a support level.
Fib channel alongside fibs. Beautiful thing. If the levels are lost then so be it. Nice indicator. :) In my opinion. Courtesy Chart Champions. What I can see at the moment is the trend is breaking. Fractile (Green line) support. Monthly as per my previous post. Can 23,300 hold (dollars)?
Parallel channel should we lose the 23300 monthly
Trend from the last low up until now is being respected, Interesting, dont ever delete trends and use the Extend option :) Happy Trading :p :)
Clear to see (as per previous post drawing Monthly) how now monthly resistance has become support.
Purple line Monthly to current time frame. Interesting drawing levels with confluence on montly vs where the price currently site fr support or resistance if price drops below. Currently 23300 is support
Trend line and upside support - In my op [inion unbreakable support - The white line
Negative and Expansion Fibs .. Gold you beautiful thing!
Falling wedge coming and possible 0.618 retracement. Not over analysing and with no confluence on daily, weekly, and monthly support but an idea for a long on on 0.618 and general idea for dollar move. More analysis needed!