Stellar Move Incoming! Look For a Wedge Breakout ot start this move. and An Invere Shoulder Head Shoulder patter could extend back to the summer high.
The value area high from the ATH to the low on June 18th is $28.18 If we take a fib from $28.18 to the value area low on June 18th We find that .5 fib gives us confluence by lining up closely with a ISHS target. I se the target between the .5 fib and the target for the ISHS
ALGO ISH Targets with TP's TP 1: .395 TP 2: .4169 TP 3: .4695
ALGO showing heavy confluence at .395 cents We have a ISHS target matching up with a volume profile and a fib with the same coordinates. Let's ALGO to this target!
Almost breaking out. Fill ur bags manage ur risk.Good luck!!
Update idéa Breakout in progress Neck line must hold
could be an possible ishs pattern
As you can see in the chart the currently active SHS is suggesting a target of 44, however we could also get another zig zaw first before getting to the target. See also Ichimoku_Trader's post. The thin pink line is a line I drawn two weeks ago, so I'm not spot on, however pretty close ;)
Inversely of my thinking in my previous post about the NZUSD, I'm now thinking that the NZUSD is continuing its journey to higher prices on the long term. The break trough the neckline on 0.70800 did not happen and from there it is now above its previous top (72983). The iSHS target(3) from the previous wave is 73352, and negative diversion on the RSI is clearly...
We all know how to calculate a possible target when a a SHS or iSHS appears with a horizontal neckline mirroring the top-neckline distance. What is less known however, is the fact that sloped necklines can also be very supporting. In that case you take the point of the bar connected to the neckline with the greatest distance to the Head. In my example you cannnot...