TSLA BEARISH HANGING MAN WITH VOLUMEI see a potential reversal coming. A few factors. Hangman candle stick with bearish volume, also is consolidating at the 1.618 extension plus bearish divergence on the rsi.
1618 Fibonacci Extension
RUSSELL 2000. 3 Drive Pattern. Russell has ben leading recently and is getting close to ATHs again.
I'm looking for a turn near the 17oo Double top area, But if it gets there it is likely to take out the top before a reversal lower.
A 3 drive can be the end of a trend.
Watching this one with smaller TFs to get entries.
GBPUSD - WAVE 3 Potentially Complete - Get Ready To SELLThis ticks all the boxes for a wave 3 completion using Elliott Wave theory.
Wave 3 has ended near the 1.618% FIB extension with an inverted hammer candle on the daily time frame.
There is a trend line support on the 1 hour time frame. Trading plan is to wait for a breakdown before entering a sell position.
Any thoughts or comments please let us know.
GBPUSD short, retest of keylevel resistance. 1.618 fib extenstioGBPUSD has formed a double top for the last few weeks, which is a bearish sign.
A weakness of the Bullish trend.
It broke the 1.2200 Support Area and bounced off around the 1.2100 area.
Currently, the cable/GU will retest the 1.2200 as a resistance, and might break it as well as the bearish trendline.
If it breaks both the trendline and the resistance, Idea is scrapped. And out of the trade.
For now I'm gonna look for short in GU and wait for more candle confirmation and rejection at the resistance, such as a bearish engulfing candle.
And a probable Take profit area is around 1.1900 which also is the 1.618 fibonacci extension.
AUDJPY - GAP YET TO BE FILLED - 161% FIB Extension targetGood morning traders,
Fairly simple trade set up here.
AUDJPY still has a gap yet to be filled.
The 161.8% FIB extension level could provide a target, this is also inline with the gap which needs filling.
Any thought or comments let me know!
BUY and then BUY again - 161% FIBGood morning traders,
Crude oil is getting ridiculously cheap!
Whilst the global demand for oil is decreasing due to mass quarantine, this will only be short lived (1-2 months).
China is pretty much back online and working again as their outbreak has tapered off.
We are looking to start buying crude at the 161% FIB level roughly $23 per barrel.
Keep your stops below 10.00 and hold for the foreseeable!
Any thoughts or comments let us know!!
The opportunity to buy crude at these levels doesn't come around that often!! DO NOT MISS OUT
EURUSD - Needing PULLBACK for TREND CONTINUATIONHi Traders!
As you can see the market is in a calm short session on the 1H Timeframe.
It is moving in a parallel channel since the beginning of February (1.10900) until now (1.09500).
This is a difference of 140 pips!
Now we're expecting a breakout upwards to "breathe" and having a pullback.
The next logical area is the resistace at 1.09950.
If the market reaches this area and it makes a confirmation, than we will sell it.
The reason is, that we're expecting a trend continuation (Downtrend).
Our Target is the 161.8% of the Fibonacci.
The Fibonacci starts at the beginning of the pullback and it ends at the resistance.
Our Risk-to-reward ratio looks pretty good: 1 to 3 .
We recommend to sell after the breakout for a trend continuation!
Thanks and good luck :)!
UsdJpy = Selling Opportunity Reason to Sell
1) Gap = Strong resistance
2) ABCD + 1618 Fibo. Ext. = Reversal pattern x2
3) Watching Bearish signal from the resistance area highlighted in Red to anticipate a sell-off
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The 1.618 Magic!This coin's moves are all predictable so far with the divergence effect.
Details in the chart..
Buy zone around 61.
TP around 111 and 135
May finally be time to get short CMGCMG has had a helluva run, but I am of the opinion that it is reaching the top of it's 3rd Wave up, sitting right at the 1.618 fib extension of Wave 1. Also very near current channel resistance trend line, which adds to the short idea. Personally I look for the pullback to drag CMG back down to the low 600's, around 615-620 area most likely. Crazy as it may sound however, I really do think this is only the 3rd wave up, and expect to see a 5th Wave extension, in this case quite possibly taking CMG all the way up to what some would say is the astronomical price range of low 1300's. Rough sketch of candle path on chart. In any event, I am looking for CMG to run out of gas very near current price area, and will be initiating a short position very soon, most likely before the end of next week. Stochastic has also been coiling very smoothly near its top range, and I look for a breakout to the downside to very nearly coincide with stock price decline. Happy hunting, and GLTA!!
USOIL - Lower Low + Key Level + Fibo Exten. = Short OpportunityReason to Sell
1) Lower Low = Trend is heading South
2) 5800 = Key resistance
3) 1414 - 1618 Fibo Extension = potential reversal area
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EurUsd - previous resistance become support + 1618 extension ??Reason to Buy
1) 1300 - 1330 = strong support
2) 1618 = potential reversal
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Gold - The Recent Bull Run Has Come To An End ?Reason to Sell
1) Previous swing high = resistanace
2) Fibonacci Extension 1.618 = potential reversal
3) Doji candle shows that Buyers are reluctant to Buy at this price, fail to push the price higher
Do Not chase GbpUsd now, but watch to Sell from 1.3220Reason to Sell
1) 3220 = key resistance
2) Fibonacci Extension 1.618 = potential reversal
Dollar Sell on 1618 + ABCD ??Reason to Sell
1) ABCD pattern
2) 1618 fibonacci extension = potential reversal
TRXM19 Head and Shoulder ShortWas slightly late in identifying this setup. I usually will short on the Right Shoulder and take my TP1 at the neckline. Price has risen significantly last night and a change in trend is underway.
However, there may be chance for a small pullback up and then take the short.
One thing to note for all traders, DO NOT chase the trade! I repeat DO NOT chase! We want to sell at the highest price possible and buy at the lowest price possible, this is what set a professional apart from novice.
Entry: 0.00000611
SL: 0.00000618
TP: 0.00000590
Risk-Reward: about 3
Can consider to take partial profit at 1:1.
Do like, share and follow us for more analysis like this regularly.
Consolidando no ponto de resistênciaAMAR3 Segue na onda 3 para cima após onda 2 de correção perto de 0,618 de fibo na casa dos $4,83.
Agora consolidando no topo, próximo da resistência, mas na continuidade da onda 3 que pode seguir subindo até a casa dos $7,77, confirmando o mesmo tamanho da perna da onda 1. Pode ganhar mais força rompendo uma forte resistência e chegar até 1,618 de fibo na casa dos $9,50.
Independente do tamanho da onda 3, após o rompimento da resistência ela pode vir testar a casa dos $6,55 que atuaria como suporte.
Entrada rompendo os $6,55 com stop de segurança abaixo de $6,23 e alvo em $7,78 e $9,50.
Obs: Esta análise reflete apenas minha opinião pessoal e não é uma indicação de compra ou venda, opere por sua conta e risco, mas fique a vontade para debater análise técnica.
Ótimo trade a todos!!
Dollar Index Buy on trendline support + 0.618 + 1.618 ??Reason to Buy Dollar Index
1) Trendline support
2) 0.618 Fibo. retracement
3) 1.618 Fibo. Extension
Stay tuned !
AudJpy Long on 1.618 ?Reason to Long
1) 7900 = Key support
2) Fibo Ext. 1.618 = potential reversal
Long-ed
