ARN / BTC, A Good Swing Opportunity!Hello, and thanks for visiting!
I´ll get straight to the point. Both the RSI and StochRSI shows good values.
I´ve drawn a Support Line, which is the lowest it can go if this the fourth Elliott Wave.
This happens to be right below the golden pocket (0.618 Fibonacci Level).
My Bullish Prediction: If the support holds, we could get as high as last top or even higher.
My Bearish Prediction: If the support breaks, we will see another correction and drop down to a 0.782 Fibonacci Level.
My stop-loss is at 5%. Stay safe trading guys, that´s the best way to make the profit!
618 Fibonacci Retracement
The Calm Before the StormHow do you know when to buy? When everyone else is selling! Especially when there are several key signs that may indicate a reversal. First, there is RSI divergence. Even though the price is still dropping, the RSI is starting to uptick, meaning the price Bitcoin is actually starting gain some strength. In addition, a falling wedge is embedded within a falling wedge. The falling wedges show that the price has gone down too quickly and will at least bounce, if not start a new trend.
According to my Elliott Wave count, Bitcoin is currently on wave 2. This is how Wikipedia describes wave 2:
"Typically, the news is still bad. As prices retest the prior low, bearish sentiment quickly builds, and "the crowd" haughtily reminds all that the bear market is still deeply ensconced. Still, some positive signs appear for those who are looking: volume should be lower during wave two than during wave one, prices usually do not retrace more than 61.8% of the wave one gains, and prices should fall in a three wave pattern."
Wave 2 is usually very painful, and many people decide to cut their losses. However, if you can hold patiently, then wave 3 will bring massive gains, typically 1.618 times the price increase of wave 1 or more!
Fib Retracement/Elliott Wave Bounce off 0.618 on 4 Hour GraphFrom what im seeing EOS has hit the prime bouncing area on the Fib Retracement Graph @ 0.618
Support on hand to keep EOS above $11.60
However, we know BTC holds the reigns and it has not reached the 0.618 level which it could potentially hit at around the $8000 mark.
If BTC hits $8000 i think that EOS will follow suite and head towards the $11.60 area.
If BTC however decides to bounce from its current position i believe that EOS has 2 target area's as shown.
AUDUSD (2618 and ABCs) - Daily Chart2618 Setup
- double floor
- measure impulse
- retracement at 0.618
- TP at -0.27 and -0.618
Double Flooe + 0.618 = 2618
There's a perfect support and retest for that double floor that gave us this bullish impulse towards -0.618, at this point a major retracement is needed for further bullish movement, ABCs gave us that by consolidating and reaching 0.786 for major retracement.
MACD shows lower low expecting bullish impulse.
Good Trading. - Daily Chart
ES SPY QQQ WEEKLY Fibonacci 61.80% Huge Resistance$ES $SPY $QQQ WEEKLY Fibonacci 61.80% Huge Resistance Coming. That with really bad volume. We'll know this week breakout or breakdown I'm leaning towards the latter if we truly are in a correction Some analyst think the 3 month correction is over. . Also bearish divergence on the money flow index (not shown)
UsdJpy ShortI think that usdjpy will test the 618fibonacciretracement and will go straight to sell.
We can short at: 109.50
Tp1. 108.66
Tp2. 107.85
Stop loss 109.70
Price-Action BTC/USD (Hourly chart)Keeping it stupid simple.
BTC/USD is on an uptrend, higher highs, higher lows / 50ma above 150ma above 200ma.
Oversold on RSI.
Bounce from previous resistance + 0.618 fib level
Might pass the 10.000 level to 10250!
SPX500 4HR 0.618 and demand zone combinationRecently the SPX500 is just a great trading vehicle by harmonic patterns, supply & demand, and inside bars.
It started with a huge daily XYAB, bounced of 2 entries of it , forming tiny XYAB and 2618, and numerous inside bars trading opportunities..
Yesterday it dropped from the 2660 supply zone
Here we got another chance to trade take the long with a 0.618 and demand zone combination,
so I'll be waiting for proper reversal sign near 2615 to long!
Let's see how it goes!
AudJpy: Fibonacci 0.618 Long. 1HWe just broke above, and will wait for a pullback into the 0.618, and a confirmation to go long.
We also got a nice H&S, inverted formation on the Daily.
Rsi: Middle.
EA trend and neckline testSo we had our big breakout move from the head and shoulders pattern and now we are retesting the neckline and trend line at the 61.8 retracement. there is still a lot of potential to the down side with this one and it has just hit my entry.
BTCUSD Inside week, time to choose direction 2.0!!
Last time in the late January, when BTCUSD finished weekly 21ema correction, which made the inside week so important.
And now, the inside week here simply is the 0.618 retracement since bitcoin started trading.
If it breaks to the upside, the 0.618 retracement support is strong, not a bad idea to take some long positions;
if it breaks to the downside, the downtrend continues so more inclined to short!
Let's see how it goes!
eurusdprice reach Compression zone and 61.8 febo i will short it targeting bottom and 1.272 good luck
Gartley Sell PatternBearish Gartley just came out at 15min chart. It's a gartley inside a 1d gartley (check my previous published idea) so it's a big selling preassure.
Feel free to leave Your comment below, i'll appreciate it.
Best regards.
USOIL 0.618 and demand zone and bat pattern combinationUSOIL hit daily 0.618 and bounced 200 pips after that to form a demand zone.
Also there is a new small bullish bat pattern at the same spot, all of which implied similar entry @ 62.30-62.40
So I'll be waiting for reversal sign there as confirmation entry and maybe put some buy limit there first!
Let's see how it goes!
Eurusd 2H time fram long. Hello, here we go.
Im looking for a retracement 618.
Target : 1.23573
Stop loss: 1.22974
Or 786.
Target : 1.23114.
Stop loss: 1.22937.
RSI is: 58
Eurusd downtrend. 2 hour.If we look a closer look on the 2 hour, we just broke under the "HL", red line.
Look for the pullback to the 0.618 or 0.786 retracement.
RSI almost oversold.
The bear's is "tried".
Trade begin: 0.618
Targets if complete: 1.22562
Stop loss: 1.24111
1½:1 trade!
Trade begin: 0.786
Targets if complete: 1.22562
Stop loss: 1.24111
3:1 trade! Let's go
RSI: oversold still.
Dow jones update Seems like it is going down and Trump decisions had affected index.
I extended the TP area which will give us quite good R/R ratio close to 10.
Index should have some consolidation or rebound from 200 ema but if it will breach it 21000 is very possible.
TP Area is based on Fibonacci restracment 61.8% to 1.618%
It is very god trade in my opinion based on technicals and fundamentals
EurUsd Market change, to bearish. daily.Hello, ill look for the pullback on the 2hour, i got the conformation that we are going to see some bearish trend.
So ill wait for the 0.786 or 0.618, and see the RSI, or look for some harmonic patterns.
Let's see, where we go.
