UnknownUnicorn2181194

UnknownUnicorn2181194 Updated 

This is what happens when like me you only use two charts. Here's what I should have noticed much earlier when I cautioned about that Wiliams Fractal pattern. My Bollingers had narrowed to $462 a sign to go with the break. Then the candlestick touched the lower Bolinger band another sign that a move underway in that direction. A Bollinger trough at $7,899 could...

UnknownUnicorn2181194 Updated 

Maybe WARNING is a better title. Since February low I could only find three of these Williams Fractal set-ups. One was on the way up to near the first top of the double top, and the other two at both tops. You need to find two arrows pointing up followed by one down and then two pointing up again (as I've indicated with the finger signals). The first i.e. first...

UnknownUnicorn2181194 Updated 

I would have preferred to have seen market go down to $8,670 one of my Fib levels, but previous Williams Fractal patterns now suggest further downside risk may be over which looks promising.

UnknownUnicorn2181194 Updated 

To match a previous pattern I've been following on the 4hr chart price would have to go down to $8,350 area. Two current areas of interest for Fib support would be $8,343 - $8424 marked with red arrows.

UnknownUnicorn2181194 Updated 

H & S or bull trap ? I'm still confident that this Williams Fractal set-up will cradle the market for the next leg up. I haven't been getting any signals on MACD or Stoch RSI for quite a while. So here's an idea on the 4 hour chart. I've marked the key points in the Stoch RSI with green lines and arrows. The last pattern the preceeding oversold condition read 12.5...

UnknownUnicorn2181194 Updated 

I think there is a lot of buying power below the low that's been made i.e. lots of Fib support, and I don't think there is much left on the downside even if it did break lower.

UnknownUnicorn2181194

Addition to my last I'm including my secret trend lines using Bolinger Bands (20, close,3)

UnknownUnicorn2181194 Updated 

Just though to show Williams Fractal I've referred to which has shown up three times since Feb low. Also shows where my MACD signals have showed up.

UnknownUnicorn2181194

I'm showing on the 4 hour chart how I scale the last rally from $6,000 to two double tops, and the rally now from $7,240. I calculate tops now between $10,150 and $10,250. I used points A, C, D as my guide plus Fib extensions. Point B has been exceeded, so I'm thinking this is turning out to be a longer and earlier wave then the previous pattern suggested. MACD...

UnknownUnicorn2181194 Updated 

Have revised price channel upwards with targets of $9,675 followed by $9,966 and for the grand final which compares with previous rise from $6,000 to double top I calculate between $10,150 and $10,250. Plenty of potential resistance along the way and like other peoples postings anything can change in between. My Fibs are based on a low of $6399, otherwise you...

UnknownUnicorn2181194 Updated 

All my Fib levels marked with yellow arrows. Next level up $9,050. Next level down $8,132. current range between $ 8,132 and $8,604.

UnknownUnicorn2181194 Updated 

Here's a thought. I had drawn some yellow trend lines using my Bollinger's one From December to February and one for now and their angles seemed much the same. So I then took the low of February and drew a yellow line to the point where the upper Bollinger touched the yellow trend line and did same for now. The next bit to imagine needs quite a bit of imagining,...

UnknownUnicorn2181194 Updated 

Finger forecasts. Letter "A" is where we could be, and letter "B" is where we could be heading and just follows copy of previous pattern. Both Stoch RSI and MACD appear to support repeat of pattern. Last pattern price went from $9,280 to $11,064 difference of $1,785.

UnknownUnicorn2181194 Updated 

I have to go cautiously bullish. Thought was seeing another bear flag - big one, but not so sure now as market holding up too long. On 4 hour chart my first leg target has been hit. MACD and Stoch RSI all looking bullish. I think it would have been better for a recovery had market gone lower to repeat pattern of last dive in February. Price on the 4 hour chart has...

UnknownUnicorn2181194 Updated 

I'm pblishing this a bit late but for those of you who study MACD and Stoch RSI you may like to add the idea to your research. This is a 4 hour Chart.

UnknownUnicorn2181194 Updated 

Here's the bigger picture just in case those who saw my last posting couldn't work it out . MACD study of two double tops. Chart is looking a bit wrecked, but the only way I could show full MACD study. So far it looks to be working out well. I've also updated some of my earlier yellow lines to better reflect accuracy etc... Hope the visual is self-explanatory.

UnknownUnicorn2181194 Updated 

I believe my forecast posted in the 4 hour chart of min $6,399 will hold a closing 2 hour candlestick or 4 hour candlestick above this min. I don't think my other forecast posted with the 4 hour chart of $7,384 will (see posting of 4 hour chart for how I arrived at these calculations). The Fib lines I've inserted appear to be working well which I think gives...

UnknownUnicorn2181194 Updated 

Reverting to short and expecting Stoch RSI to take the price down with it like last time. Have used two measures from last time as to roughly where price could end up.