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I'm hoping this nudge up against the fib fan at .25 provides a bounce down to the longer-term .25 fan (orange line) for a good short over the next day or so.

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See chart notes, and please feel free to add your own critique. Do you agree?

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I'm hoping we get a bounce off this .25 fan line, back down to the intersection with the longer up trend .25 for a profit.

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I'm using trend lines connecting tops and bottoms--creating wedges, as well as following channel movement. It would be aggressive to be long now, probably safer for me to wait for price to reach the red line, then short. One thing that's important for me to learn to do is to try to predict WHEN the price will intersect certain areas. In this case, I'm hoping price...

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Looking ahead at IAU over the next few days... I don't think gold's price can be repressed forever, as more and more news surfaces about the world's physical possession desire rising.

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This downward wedge gives me hope that after this third push down we'll break below the longer fan support line, heading down the the next long term level. If I'm wrong, hopefully I'll still get enough of a short term move down off that grey wedge line that I can move my stop and cover my spread.

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IAU has broken the support line twice, but this third time (which is also telling, since it's #3), may endorse a new move down if it can't close above the support and/or start tomorrow's day above the line.

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I missed the fib entry on this, but if it bounces down I'll jump in and try to ride up the the .618 connection. Also notice the convergence of a longer time frame trend line through this graph. This could provide some resistance/bounce, and would be a good place to take some profit, or at least tighten stops.

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This fib fan resistance shows GBPUSD in a narrow fan channel. Prudence would suggest waiting for pullbacks and long entries for as long as this channel holds. Because we're below the 1x1 line (red on this chart), I expect it to break down at some near point an at least touch down to the 0.75 blue line. I wouldn't be surprised if it connects exactly with the final...

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5 times USDJPY has connected on the intersections of a descending Fib Speed Resistance graph. Can we go for one more? Also notice the nice correlation to the target and the upward channel support line.

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Looking for a convergence of the Fib Speed Resistance Fan. Note the nice alignment of the veritcal lines before a move. Fan is aligned to recent top (on chart) and more distant recent low.

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Notice how the fan and the fib time (vert) align nicely. Looking for a short here.

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I'd like this as a short term long, but I need it to slip down to the entry point, otherwise the reward/risk is too low to be wise.

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This is a fix of the previous chart where my Gann line bounced around incorrectly. Hoping for Target 1 off new resistance.

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USDJPY Long, hoping for bounce off lower Gann line. Target 1 is set under possible new resistance from move down.

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I wouldn't be surprised to see a bounce off this resistance around Nov. 5th. After the bounce, I'm hoping that we see it walk down this dashed channel line down to the solid upward line around Dec. 17th. After that I'd like it to break that horizontal support and start a new uptrend, but wouldn't be surprised if it sluggishly dances around a bit waiting for the...

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Notes are in the chart. Please comment. I'm an eternal student, and there's always good counter-input out there.

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This seems like the most likely reversal point and has 5 good reasons: Notice the convergence of 1) upward trend channel lines, 2) downward trend lines 3) support/resistance 4) a round price point, $123.00 5) Major recent hi/low fib support.