Gold is hitting an important Fib time level - 1.38 extension on weekly and it already hit 2.618 daily fib time extension. Both coincide as you see. Usually, there is a change of trend when price hits 38 Fibonacci time extension. On monthly price hit the support, the cloud bottom (Senkou span B). It hit lower Bollinger band (100) and 38 retracement, Gann angles on...
I was charting this two days ago and did not follow my own advice, but here we go. We are either on our 3rd wave up before the final 5th wave, or this could be the 5th wave entirely. The pump we are having now is based on news so we will see if it hold. Buy the dips over the next few days for some quick profit. Safer move is to see if we retrace, I see next big...
So far, doge peaks align perfectly with a fib timeline. If the next one does too, early February 2019 is the time to buy some doge.
Used Fiv timezones (my favorite). Don't risk too much on this, BTC may pwn us all.
This pair found support on the 0,25 angle of the fan and broke resistance that was holding for almost a month. First objective on the 0,382 angle and also fib time from last swing. Good luck and thanks for your comments.
After seeing The Working Trader's idea I figured I could attemp a pair trade in this pair, to take advantage of the interest rate differential in both EURUSD short and AUDUSD long. The entry will be a market order, but I'd have to see how the markets open tomorrow, I will update the chart by then. For now, keep in mind that for pair trades, I aim to open a big...
We are in a crossroads between major trendlines here. This forms a triangle pattern on which you can apply fib-time lines to predict a breakout (0.764 fib-time). I added some interesting levels and other trend lines aswell. How to trade it: Depending on what side of the triangle (bottom / top) the price is closer to while approaching the 0.764 fib-time, you can...
Depending on what side of the triangle (bottom / top) the price is closer to while approaching the 0.764 fib-time, you can start scaling into the respective trade. Make sure not to buy into a potentially premature breakout at point (E). Targets are based on projections of the widest distance within the triangle, down / up from the apex. For the up-target the...
Hi, As you know, EURUSD has been bearish for quite some time but after the NFP release today it has shown bullish reaction to the news. It could be for the end of the week and profit taking. Technically speaking we are at 0.887 retracement ratio right now both in Time and Price. I personally took this trade because such a balance doesn't happen often and when...
The current price action shows corrective movement, lack of interest in the downside and thus a bullish sentiment. FibTime has already shown a confluence of ratios in the big bearish candle, indicating a reversal to the upside. I'm going long after the break and close above the trendline only if no new low is made.
We might be cought in sideways within the red channel for another 20 days. I look at the Willy or MAGNUS™ indicator and compare it to a similar situation we had a couple months ago. The yellow box had some rangebound action in it with a little breakdown in the middle ( just like we had it now ). The question is what will happen after the yellow box? The red box...
As an update to the previous post, 1201$ did act as a short term resistance, pushing the price back down to 1142 in a few days. Now, I have marked the low at 1131$ as a Major Low for various reasons: 1st, because it has shown impulsive price action which we have not already seen since the Major Top at 10th of July. 2nd, because We've counted the Elliott Waves and...
Composite Yen crosses provide an interesting way to look at the unfolding Yen scenario. I'm applying my own ARS Gann Lines here along with fib-circles for timing and a fan for slope... The Gann -45deg ( dashed yellow ) and -90 deg lines ( dashed red) provide targeting guidance for major moves to come. The equations use square root values plus or minus the...