cryptdee

cryptdee Updated 

1. Head and shoulder formation. - Broken the H&S neckline 2.Trendline - Broken the blue trend line 3. 123 strategy - If it breaks the neckline way below the last 2 candebars, this will be a valid sell setup

cryptdee Updated 

A few techs here 1 - Elliot Wave - Wave 5 and A, B are now complete. We're moving to wave C 2 - Trendline - Market made a new High low on the 4H chart 3 - 123 strategy - Typically, when you aim to take profit from the breakout at 2 through to 3, it should be equivalent to the same distance recorded between 1-2. Notice that I have highlighted 1-2 and 2-3 are...

cryptdee Updated 

Analysis REMEMBER TO TRADE THE BREAKOUT. Sell high and Buy low 1 - Trendline = Downtrend Lower Highs and Lower Lows 2 - Elliot Wave = We are in the 4th wave, headed to the 5th Wave before an ABC correction to the uptrend 3 - Fib trend-based extension tool - you can see that the elliot waves pullbacks always correct to the fib lines. 4 - Support and resistance...

cryptdee Updated 

I'm bearish on oil because 1. Elliot Waves: On the 4H, It has completed the 5 Elliot waves. It's currently in the correction phase 2. Triangles: I've also used the Descending triangle to show the current downtrend in the C correction 3. Fibonnaci retracements - link up well with the Support and Resistance lines of the retracement I'm betting on it going down...

cryptdee

Cypher reminder only. Not accurate as C hasn't touched 1.272 yet. D is estimated and so is the swing from C-D and D to TP1 and TP2