D1 - Triple cycle down and price respecting downtrend line. H4 - Magnet zone formed with 38.2 fibo retrace of the triple cycle, 100 fibo extension of the double cycle and the downtrend line. Potential bearish divergence forming and if the price moves higher and reaches this magnet zone, we can look for bearish reversal and join the bears. Note: As we are...
W1 - Price respected strong support zone again. D1 - Bullish divergence, price pushing higher. We want the price to break above the high at 0.9790, creating higher highs. H4 - Price respecting downtrend line. Both directions are possible from here. In this case there are two possible scenarios to confirm bullish momentum. Scenario 1 - Price to create higher...
D1 - Triple cycle completed with divergence. Price bounced from the alternative trend line. We have further confirmations in the form of horizontal false breaks and alternative trend line false breaks. We may now expect the price to move higher until it reaches the zone shown in the screenshot. H1 - Triple cycle up, double cycle down, we can go long with the...
D1 - Triple cycle completed with divergence. Price bounced from alternative trend line. Further confirmations in the form of horizontal false breaks and alternative trend line false breaks. Based on the triple cycle we may expect the price to reach the zone marked in the screenshot. H1 - Triple cycle up, double cycle down, we can go long with the breakout of...
D1 - Double cycle completed. Hidden bullish divergence. H4 - No hidden bullish divergence, critical level formed with downtrend line and 100 fibo level. We already have a first leg up so we may now expect the second leg to reach this critical level with bearish divergence forming between two legs. We can go long with the breakout of the most recent downtrend...
W1 - Double cycle, price respecting 61%. We might see a range. If there are no buys from the zone where the price currently is, we will be looking for buys in the next zone. D1 - We have a range, price is at the bottom, we might expect it to reach the top. H4 - Intraday cycle, bullish divergence, price reaches the magnet zone. Aggressive - Wait for breakout...
W1 - Price respected the range and also bearish divergence has formed. D1 - Double cycle completed. Final target of the D1 cycle is highlighted. We also have Band to Band duplication. H4 - Triangular pattern has formed. We can look for a breakout at the bottom of this pattern and then look for sells. H1 - Another trend line that was already broken....
W1 - Double cycle completed D1 - Special Cycle (second leg of the weekly cycle) completed Higher highs on D1 and we can now expect either a flat correction and up move or double wave down and up move Aggressive - if you want to be more aggressive you can try to scalp buys near the bottom of the potential intraday range. Of course this scalp should come with...