If you are familiar with how to use symmetry using the fibonacci retracement tool you can see that the break out today is exacctly the same size as the decent from the double top. We are near the bottom but not quite, just a couple of days for a good entry possibly tomorrow or the next day
You have to appreciate the fractal symmetry. Beautiful.
Utilizing Elliot Wave theory we can derive a 5 wave pattern that gives us two targets using two methodologies. The first most simple is to take the magnitude of wave 1 and project it from the beginning of wave 5 which gives us a target of about 3999. The second methodology uses a combination of points from waves 3 and 4 to project several Fibonacci levels and the...
Several concepts supporting this trade * Trend Following * Resistance becoming Support * Symmetry on Price and Time * Tick volume spike on support level * Inside Bar triggering the trade on the 1H chart Risk / Reward = 1/4 Happy trading
I'm looking for Gold to make 1 more move higher before one more sell off to complete a bigger ABCD pattern @ 1721. A move beyond 1950 would invalidate this count and mean the correction is finished and we will be looking for a new All time high towards the mid 2500s at least.
BTC starting to line up with price and time to get into the sell area. This will complete a 135 pattern which could create a sell off. We shall see what happens in a couple of hours. I have 2 target areas.
AAPL setting up an ABCD to fall back and fill the gap before the election. There is a possibility of 1 more move up to 130 before a deeper decline. If this happens then the major Indices will follow.
Symmetry and the 618 along with a daily uptrend line just below those offer support for this idea. My dowsing method suggest a decent pop today, however I wouldn't overstay because I think the market may have some volatility Thursday or Friday. I'm targeting around $75.60
As the title suggests. We will see one last fake rally up in SPY. Then we will correct the entire high breadth move from V DUMP. Look at the colours. The symmetry. Prismatic center. Slight expanding taper. Did I mention the colours??
The fact that DXY kept showing higher highs had bothered me for a while. Suddenly I realized, I made the error of trying to compare charts with each other, because in the end a lot of confusion struck my mind. Its funny that I have not seen this chart in the first place, but when I saw it I was flattered by the fact that measurements of the rallies within the...
Hello Everyone - Happy Monday. Looks like a possible HEAD AND SHOULDERS forming on this 1hr chart. If there happens to be any symmetry in this formation, we might be able to determine the PA through the formation of this pattern. We have some confluence in the higher TF's with our RSI and MACD. Getting some good movement on the way up there -would close...
ADVANCE HARMONICS SYMMETRY
IRBT - I'm expecting a move up. What I like: - Half-assed inverse head and shoulders on a daily - Start of an uptrend (albeit disorganized and choppy) - Relative strength with the indexes down over 1% - Holding closest symmetry support at $50.20 - Cluster of symmetry support from $47-48.33 with the uptrend line -786 fib retracement at $49.31 - Big ass gap...
I love the symmetry of equal and opposite reactions and am a big fan of the newtonian physics because I see them play out all the time including in the charts...that's why I decided to place the projected breakdown target line at the same exact price as the projected breakout target to see if any confluence would appear and in doing so you can see the breakdown...
Heres a peak of the previous post: The support at 1.103 was not as strong as I expected, but still this just leads to another opportunity. Noticed some high impact news concerning the euro coming up on Monday by Germany. Im pretty sure the dip today is just another manoeuvre to add fuel to the liqduity pool. In this chart we are not looking at a defined harmonic...
CERAGON has formed an Adam & Adam, a triple bottom with a bottom mirror level. RSI is looking for one move down before it enters oversold territory which has historically turned the stock bullish. Symmetry can also be observed on the RSI, which is quite nice.
Achillion has show some nice symmetry, this is mainly a result of the formation of a diamond and island bottom. A golden cross can also be observed increasing the bullishness of this chart. A recent merger has also been announced.
JD has formed a falling wedge, which has sparked a bull run leading to the formation of a diamond top with a double Adam structure, consequently this top created a bearish run pushing the price down to ~ $19, since then a bearish ascending wedge has formed, this may induce a movement similar to that before the falling wedge, indicated by purple fractal. Some...