if The price is breaking above the resistance line. we could se the price extend the 5 wave. if the symmetric triangle, does not break the resistance line, a correctional waves of ((a)), ((b)) and ((c)) could occur. i see the price fall to around 1.18710. before further upside. if wee look at the divergence, there is a big chance of the price to break...
A descending wedge formation, have formed. The price have been in a down trend, since end of January. The price have hit a support level from december 2017. and can be signalling a short term revers in the trend. If the price breaks the wedge. Point ((c)) will be the reversal level, where The resistance line in the wedge will be the TP For now its a long...
you need to extend the chart on the Y axes, before the degree lines make sense...... Dont know why it destroyed my drawings.. Entry short: now SL just above the double top A more optimal short entry will be when the price breaks the support line it made a run from. Description: The Pair have formed a Bump and run formation. The uptrend started around 60 days...
Entry: 129.469 if that level is not broken. SL: Just below the price that is marked with the circle Short entry: if the 129.469 level is broken. With tight stop loss! Better entry is at 132.000 SL will be just above the entry price between 50 and 100 pips SL Description: The pair are still in a wave sequence, and wave ((v)) haven’t been hit. And it looks...
Long Entry: break of 1.82865 SL: will be right under the breaking point Short: Entry: 1.82865 SL: just above the resistance at price: 1.82865 Also a Bearish divergence, have formed. the price will go up a little before confirming the divergence Look in the RSI and the orange line in the chart, divergence is marked with cirkels Description: An long entry can...
A bearish Gartley is forming. the box where i have my entry point, is the last level of the gartley. This is a perfect Gartley formation, if point d will be confirmed. SL: will be right over the entry point, to get a tight stop. TP: is presented in the chart.
a bearish Nen star harmonic have formed. all the levels are perfect followed, for at Nen star harmonic to be completed. Short, with tp in the next support at 12180.1
Here we have a bearish shark pattern, that have completed a,b,c, and d point is expected anytime soon If you look at the RSI, a regular divergence have occurred. the entry point will be at the end of the D leg, which is 0.786 on fibonacci level drawn from a to x. We also see a resistance and ranging area in the drawn box, which is where i will expect the d...
_________________________ Keep in notice, that a rising wedge have poor performance, looking at a historical view When a wedge is performing as expected the price, have a bigger percentage of breaking the support, than the resistance. while there is a big risk of the opposite happening.... _________________________ Fibonacci drawn from b to a. the price...
Point d on the harmonic. it touching the 0.886 level on fibonacci Right now the price is touching the 0.707 level on Fibo Drawn from x to a. i could see the price go back to 134.200 ish. Which is 0.786 level on fibonacci, before going further down to 123.550 ish. Second scenario will be that the price will go further down to around 129.250 that is 0.383 on...
We have a simple harmonic plus a 5 wave sequence from C to D. Tp 1 will be at fibonacci drawn from C to D 0,61. (108.400 ish) retracement to point b will be at fibonacci level 0,78 (107.455) the correctional wave will end at 110.430 fib 0.38 it can also be seen as a third wave and that we are moving into a correctional wave 4 (Minor degrees) if so, the...
The price follows a trend channel for now.. the resistance line in the trend channel have ben hit twice. and probably will hit it the third time. therefore completing a trend channel cycle (hitting 2 times support and 3 times resistance line) If the price breaks 1.71528 we will see the price to follow the 5 wave sequence. which is 1.13 on fibonacci drawn...
if the price breaks 1.86528 there will be more drawdown next breaking point will be 1.79156 Before continuation to wave 5.
Ascending broadening wedge around 70% of the time, the price breaks to the downside. and only 30% to the upside. keep in mind that a Ascending Broadening wedge have a significant failure rate. and textbooks advice to only trade in a breakout of the resistance line. I will short the price. because of more than one technical analysis indicate, that the...
ascending triangel formation. if it breaks the top line it could go up to 1489.80 befor retracement back to top line
If the price BREAKS this level 1309.42 than we will se further slide Tp. at 1270 Lets hope it breaks ! :)
Rising wedge on AUDJPY, with following bullish hidden divergence. the currency pair, have brokken out of a trend channel, and entered a rising wedge . The wave theory is in count here as the fibonacci matches the waves. Wave E in the rising wedge , is hitting 0.707 on the fibonacci. which is the square root of 0.5 from the fibonacci level. Set up from wave 0...
Fibonnacci is drawn from 0 to wave 3 if it breaks the 9250 level, than we might see further downside. which is level 0.886 on fibonacci if the 9250 level breaks, 0.886 on fibonacci and we continue to the downside, we may se a retracement to 10100. which is level 0.786 on the fibonacci. if the wave 3 is completed on level 1, fibonacci if the price will...