Market have found strong lowest point at near 0.7 prize zone and reversed. We can see how many times since 2008 price level of 1.0 shown strength as support and resistance as well acting like the magnet. Since 2011 market unfolded into slightly rising wedge with 2015-01 higher highs and higher lows. In 2015-11 market have closed monthly candle above 1.0 and next...
Last big swing since 2009 look like very similar to previous swing (2000-10 - 2009-03), just higher in channel up direction. If consider that it can be the same length - yet 18 month left until same period. Same goes to price - it is in the middle point close to all time high and low Fibonacci 50%. We see two possible support zones at confluence of Fibonacci...
Buying the Retracemeent - old Scholl Fibo Strategy!
Seems like correction is over at the top of the channel with the red candle testing it and negative div on MACD. Looking forward to breaking next important support area, after 2 attempts failed (first one after finding support on 0.382 fibo level and second one when testing the bottom of the channel).
Red lines = everytime MACD (11,24,11) divergence has gone below -10 after being up > +10. As you can plainly see, it's pretty rare that the 1 day MACD is unreliable with these parameters. This recent fall has tried and failed multiple times to get past the 2951CNY mark. If we use 11/10 as a guide BTC would be going down 20% to around 2330---however I'm at least a...
EURUSD long AB=CD fibo (maybe) bullish sentiment Target - given sentiment may be strong - 127.2% of this full correction move. Up to 1.10237. Notice - D1 - Bat is (hope) still valid...
It is possible that market have completed Elliott wave zigzag correction with wave (c). This is at the Resistance zone 1 where is Fibonacci retracement of 61.8% and round price level 1.53. If a correction will be confirmed we will see continuation movements down side. My trade plan: 1. Look for (c) end confirmation signals. If confirmed look for reversal signals...
Market have completed impulse Elliott wave pattern down at the Fibonacci confluence zone piercing price 1.07 level. This is possible strong support zone and a correction could follow. There is possibly strong resistance zone near price level of 1.09. No trades should be taken if price close daily below 1.07. My trade plan: look for reversal confirmation signals...
Gold (Weekly) @11 Nov 2015 On the mid-term outlook, Gold is at the final phase of its major downturn from all time high of 1,900 (year2011). Price is forming an Ending Diagonal - typical wave5 pattern following significant downmove or extended wave3. A closer examine of the ending diagonal structure shows that a potential Final Down-Leg (lower degree wave_v) is...
Looking for potential retracement high to Short the indices, with my main focus on DIA currently. DIA staged a nice ABC-wave rally recovering from major pivot low of 150.5. Currently looking ripe for a continuation of the underlying major correction from 183-150. The 175-176 region is ultra significant, comprising of: (i) previously surrendered H&S neckline,...
Good evening friends, here in Brazil now is 00:55h. I will be returning operations and also intend to collaborate with you with proven tips that work. I believe that the image is well-explanatory, if someone could not understand leave your question to answer. Let's wait for confirmation of this operation likely.
On FX:EURGBP , we have clear downtrend; price makes Higher High and Higher Low on 1H chart bar; it supported by Trendline. Also, potential Bat pattern appears, which increase the probability rate of this set-up. If price finishes the Bat pattern, it could be a good opportunity to go short at Trendline, at 0.73178 T1 - 38.2% T2 -61.8%
I wake up, did some analyses and found out this perfect opportunity on FX_IDC:USDJMD Completed Bat pattern at the PRZ zone with the confluence of: 1. Fibs 61.8 2. Structure resist 3. Daily R1 We have very nice R/R targets: Target 1 with 1/1.95 RR and Target 2 with 1/3.4 RR. I want to mention that X leg is located in very strong resist zone, which gives us more...
Hi everyone we have a pattern while lies within the structure. The first target is 1.48674 Second target 1.49275 Third target 1.49847 Fourth target at 1.50620
Wave 4 has met a high probability reversal level at the confluence between a .382 retrace of wave 3 and the price zone of the previous degree fourth wave. Wave 1 time to completion provides a forecast for wave 5 completion time. Price range of wave 1 as an extension from current levels coincides with 1.272 extension of wave 3 and provides a target for fifth wave...
TEXTBOOK SETUP. PULLBACK TO THE 38.2 FIB WHICH IS IN LINE WITH STRUCTURE LEVEL. AUD IS STILL FUNDAMENTALLY WEAK, THE CURRENCY NEEDS TO GO LOWER TO SPUR GROWTH SO PAIRING IT AGAINST THE POUND IS A HIGH PROBABILITY TRADE BECAUSE THE POUND IS THE 2ND STRONGEST CURRENCY AFTER THE DOLLAR. WE'VE HAD A TWEEZER BOTTOM AND SUPPORT FOLLOWED BY A HAMMER REJECTING OFF THIS...
Even though a small Fibo retracement can give you a beautiful trade. Entry point and confirmation of entry is very important here.
The candle at 18:06, which passed through my confirmation was actually not strong enough. Although I caught another pullback, this one is not as beautiful as the one before.