camb0_123

camb0_123

I am unsure if we will see a nice retrace to the 0.618 FIB before we see one final push to a double bottom, creating a M formation on the weekly before we can hopefully see a great start to the 2020 FY. I will be watching the environment around the 0.618 FIB to see if it will continue up or impulse down for a new leg. A market scare will be needed to see a strong...

camb0_123

We have been following America's markets, started to break down, but have caught the last FIB, bounced straight off it. I am hoping for a close above this, and hope we can maintain above for the next couple of days. If we can I see us bullish in the new year. DYOR, IMO

camb0_123

I am seeing an M formation here, we are at support, on the weekly i can also see a W formation. I expect it to bounce around here, before we go to test the neckline of the M, before continuing higher.

camb0_123

Expecting an M formation to possible continue lower to support are previously mentioned, before bouncing and returning the neck line of the previous M formation. It will remain short term resistance before we push through and continue upwards back to previous highs. DYOR, all IMO.

camb0_123

We are seeing a uneven W formation being created, last night we closed on the 0.618 FIB, this is a good sign, confluence is mounting as we are likely to see impulse up, seeing short term resistance. We will likely see it push through next week and continue higher, before returning to the next like before we see moves towards highs again. DYOR, all IMO.

camb0_123

As expected we have come back to close on the neckline of the W formation, this has come inline with the 0.618 FIB. Expecting a reversal tomorrow, creating a higher low. DYOR, IMO. Expecting reversal to previous support, likely short term resistance. We may see a break through our previous channel we were bouncing in. Lets hope for some impulse legs to break through.

camb0_123

Expecting a drop down to the trend line, before we start a trend up to meet the neck line of the M formation, likely to continue higher, creating higher highs and lower lows. IMO, DYOR.

camb0_123

Volume decreasing, seems to be holding support well, depending on the market movements we could see this pop the next few days. IMO, DYOR.

camb0_123

Today market moved as expected, we have recently changed environment by making lower lows compared to recent moves. A W formation was created on the 4 hourly between the 12th and the 16th. I really want to see the market close on either the 0.382 FIB or preferably the 0.5 FIB which would provide strong confluence and support at this level. I will watch closely...

camb0_123

Impulse, correction, hope to see it come back to the 0.5 FIB. Also close the neckline of the W formation. IMO, DYOR.

camb0_123

Will we see short term resistance at the 0.618