1618 Fibonacci Extension
Bearishly Engulfing The Weekly At Critical Levels: SPX Update #3I have been tracking this channel for awhile and giving occasional updates on the price action within it and i am seeing that we bearishly engulfed the weekly at the top of the channel as bearish divergence continues this may signal that this would be the last week we see any sort of attempt to achieve higher highs for a long time.
Additionally we are at a 1.618 Fib extension so this would be the perfect area to reverse from.
1INCH/USDT Big Breakout to new Highs with a 80% Move 1Inch USDT pair has been ranging within a Ascending Triangle
and consolidating since printing its previous ATH .
We have a measured move of 80 percent as you
can see within the chart .
There are 2 ways you can trade this, you can either fill longs in the area
I have highlighted and use a SL managing your own account percentage risk
or WAIT for the resistance to be broken with
a candle close outside of the resistance and then Long.
This move will take us too the 1.618 fib Extension for some handsome returns .
* PLS note however that its important to monitor how BTC is trading before taking trades in ALTS
as these setups can have there setbacks depending on BTC movements .
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PT $50Lot of speculation but forming a W bottom then an ascending triangle with a price target at $50.
Trade safe and manage your risk.
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Natural Gas- Follow up of prev. video, the part that was mutedFollow up of previous video, the part that was muted where i talked about natural gas. 27.02.2021 Shout out to Miss S
***what i was was saying last minutes of the video. with the triple box set up. if it breaks and doubles lower it can close the gap lower or breakhigher and double higher. at the moment all i really see and say in an objective point of view is:
1. is a buying tail that closed above support and into the ranging box of a failure to break lower
2. it hit a 1.272 and made it into a buying tail
and the range did hold for a few weeks now, maybe another attempt higher to top of the box might not be bad idea
cons i have in mind is that is a big gap lower, if it dobles down to close the gap, there are buyers
Next target $300Today we've seen a fakeout of the ascending triangle formed since Jan 14, but IMO we have the fundamentals to break the triangle and reach this target where, by the way, there is a confluence with the 1.618 at $301.8.
I am more and more certain that BABA will reach $350 this year.
Don't forget that our opinions could be biased by our experiences and feelings. Manage properly your risk. Not a financial advice.
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