MagnusTradingGroup

MagnusTradingGroup

banana bottom forming

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Longterm View. Replication of 2013 based on Fib time lines

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Schiff Pitchfork intersected by Fibs

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extended ma crossings histogram 15m

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extended ma crossings histogram 15m (double post)

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At every MA cross point between the different (invisible) MAs a histogram line is drawn. The thicker and brighter the lines are the more significant they are.

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A simple idea for a possible bottoming based on MA support and resistance.

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First anchor is the highest point in 2014, second anchor needs to be moved so that the mid point of the circles is where the descending triangle breaks. Look how the fib circles perfectly align with previous highs. the radius might indicate a bottom at around 560. the downtrend would then slowly turn back into the longterm uptrend and there goes another rally up 2 da mun.

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the tops in the channel occured after equal intervalls. based upon this i predict the next top and a rather quick bottoming. this might be the last bottom already, we could go deeper to about 560 aswell if you compare with other charts. After the bottom was confirmed through several retestings all bottom buyers will agree on the bottom and my next target would be...

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not what you think ...