Update from previous idea: I have changed my fib again due to price coming down and breaking the previous low, we actually hit the 1.272 really nicely on my previous fib. but we bounced so we have new targets now on the way back up. currently finding resistance around the golden pocket, breaking this level with a bullish retest would be ideal. then heading for...
Update from previous idea: was an eventful night last night, I posted the chart telling people not to panic and there was plenty of support on the way down. we didn't manage to hit my yellow lines (which isn't bad), we held the 0.236 well, only seeing wicks down trying to shake out long trades at this level, currently we are back above the 0.236 fib and looking...
Update from previous idea: Should have been posting this bigger time frame chart more often but it is a rather boring chart due to waiting on large timeframe plays happening, but I looked at it last night to see that we have perfectly tested this trend line which is mental. so we have seen 2 tests of this level and so far holding it as support which is actually...
Update from previous idea: Not looking good, however, keep a level head here. the risk to reward of going long here is worth it in my opinion. this fib has played out perfectly so far and we are seeing strong support at the 0.236 level. we just tested the 0.236 once again and we have now broke through it that is really bearish for me, we NEED to see a break...
Update from previous idea: We spoke yesterday about the ideal scenario being consolidation until today because the CME gap was at the 3900 level, I was worried that if we broke to the upside that would be short lived and I was correct in saying that. the fib has actually played out well however it is not being totally accurate, it is giving good areas of...
Update from previous idea: Fib is actually playing out well, I mentioned yesterday that we really would like to see the 0.5 fib held as support and we have done a decent job doing so. we did see a couple breaks but they were quick wicks down and then back up to the 0.5 level to consolidate. I also mentioned that I would really like to see the 0.618 or golden...
Update from previous idea: Yesterday we spoke about the new fib and the ideal scenario would be to consolidate at these levels, so far that is what we have seen. I think we are going to breakout by Monday we are hitting a solid level of resistance making higher highs (slightly) and higher lows, finding a lot of resistance around the 0.5 fib, also around the...
Update from previous idea: I can't believe how well my 1hr chart is playing out, nothing is surprising about the price action we have seen the past few days, I wish I could have been updating everyday but been so busy. so, we seen a test literally to the top of my resistance box before getting a massive rejection, my fib has not changed I've just moved it to...
Update from previous idea: okay, new short term chart to look at, a new fib has been taken to try and look for levels to retrace, I have taken from bottom to top, different to the usual fib retrace because this time we are looking for targets to the upside instead of trying to call the bottom. Currently, we have flipped the 0.5fib level which is great, I also...
Update from previous idea: Been a bumpy few days in the charts, a lot has happened since the last update, we did find good support at the 0.236 later on Thursday night, we then came down and slightly broke it which was an indication straight away that we probably will go lower. we then tested the previous swing low which did hold, but we seen a quick break...
Update from previous idea: yet again support has proved to hold perfectly, anyone who was watching this chart when price was dropping did not panic, actually got the perfect entry on a trade to the upside hitting the bottom of my support box before bouncing nicely to the upside. only thing I have changed now is taken a new fib retrace from the high that we made...
Update from previous idea: Price has formed more structure now on the bigger timeframes, can see I have drawn a W pattern here, if this is a real W pattern it is extremely bullish, not just because it is a bullish breakout pattern but also the way the second phase down has happened, not allowing price to get close to the previous low. anyway, it has broken the...
Update from previous idea: Analysis has been on fire recently, we were hoping to hold the golden pocket breaking through the first target of 4270, we rocketed past that straight upto my resistance box and exactly to the price target mentioned (4430), we hit that to the dollar before seeing rejection back down. I did think the 4270 level might not actually be so...
Update from previous idea: We spoke yesterday about breaking the 0.5 holding and aiming for my upper short term target of 4360, we blasted through that over extending to 4420ish. My fib has not moved position however once price broke above the previous high I went to see if any of the higher levels on the fib could call a top, I've added the 1.272 and 1.414. we...
Update from previous ideas: If you look at my analysis my hopes were to hold the 0.5, break through the green lines and aim for the bullish target at 4270, as you can see we couldn't hold above the green lines unfortunately. I also said worst case if we break the 0.5 we are looking now at my favourite retrace levels at the 0.414/0.382 and we perfectly seen a...
Update from previous idea: yesterday we were looking at the big bullish scenario holding the 0.5 fib retrace..... andddd we did not do that. however, if you still kept a close eye on the fib we actually held the very last line of support on the short term timeframe seeing a bounce from the 0.236 still holding the retracement and completing the fib. I also added...
Update from previous idea: Price is coming down, not looking good but just need to zoom out and we can see we have nice support if price is to come further down. Most bullish scenario is we bounce on this blue line here here noted at 3900, maybe slightly higher depending on the time if we break into the next candle. failing that we have the first white line at...
Update from previous idea: price has played out exactly like predicted on the 1hr time frame, we were hoping to break the 0.5 fib and then push up above the green lines (expecting some resistance) before touching the golden pocket which had our price target of the previous swing high which was perfectly hit. currently price has pulled back slightly, you can see...