This is my 1st try mapping a potential Bat pattern. The A/B confirmation is not fully confirmed but a little practice never hurts. For reference I provided the B/C .382 and B/C .886 potential movements. B/C .382 retracement is 115.682 followed by a 1.618 extension to 116.35 before resuming the Bear movement down B/C .886 retracement is 115.010 followed by a...
This pair has consistently tanked into a 1 day retracement zone of 115.07(786) to 117.001 (618). Seeing that much consistency against this pair means we could be chasing a bottom, possibly. A recent fib study shows a 1st stop 116.517 (382) did in fact stop a 1st run up twice earlier in the trading session. I am keeping an eye on that recent fib study to see if we...
30pts up today just isn't enough to reverse the Long Bear for this pair. 4hr Fib study Golden ratio is not that far away. Also a simple parallel channel puts this right into the .786 (115.072) to .618 (117.001) zone which should be expected considering recent efforts made by the market to get down into this trading range. There is actually a possibility we could...
I've been following this pair movement quite closely today After dipping below the .786 and not sustaining any price point above .618 it appears we could finally break the current fib study that originated at 118.235 What is very interesting to me are 2 items - breaking the current fib range means breaking another range with very wide valuations - the reason...
As much as I enjoyed the last minute rally of EURJPY Friday those final minutes of fireworks may not have been quite enough for a reversal. - Fridays candle did not exceed Thursdays - the majority of 1day indicators still begging for a lower price to truly stabilize this before a stable Bull run - previous Bull Fib study remains our compass Strong/sustained...
Still in play Wave 5 has not exceeded Wave 3 Just in case anyone sold their house to go Long on this pair
Fib within a Fib If this then that: Demarcation is recent Fib .382 121.1004 Bull Up goal (.786) 121.84 Bear Down goal (.618) 120.0016 w/ a beefy 120.4478 .382 stopper on the way down added zoomed in below.....
Made some amazing trades on this pair last few days. We are officially out of the golden ratio latest fib study and multiple 1day indicators are pointing towards .382 stopper of pricepoint 120.4478. My orders are entered short with an exit above that .382 And dont forget to put that stop loss in. Live to fight another trading day!
While the trading ranges for BTC USD may seem wide please consider how far and fast BTC has come in just 1yr ($400-$1300). Keeping an eye on key fib levels (.382) 1183 and 1121. Sustained below 1183 trading range is 1007-1080 Sustained below 1121 trading range is 879-980 For any Alt traders this opens the gates for some really nice alt trading in 2017.
Just started back into alt charting today Waiting for a BTC transfer.... If I could would definitely speculate some XMR Looks rip to run especially if my other BTC SHort study plays out Enjoy and Ill add Fib ranges in a bit
details in the quick study this one is simple but sometimes that all one needs
quick study on another "mooning" alt coin, these almost always come down as fast they go up
Elliot Bear Wave 5 could be in play. Read chart notes and will update accordingly. Enjoy.
This trade has been just beautiful,our latest Elliot Wave study just gave us a crazy run from 123.3 down to a line in the sand at 119.80 It will take some serious pressure to break the next 1st stop, so anything breaking 119.2 we are officially into final Wave5 and down we go. Otherwise enjoy the next a,b,c into the 122 area.
I just love to see these studies play out. Looking for a 123.50 buy in to Short.
The long trend line (2015-2016) and a recent parallel line keep proving this good range trade. While EURJPY appears down down, it is actually in the reload zone recent fib study. This zone has been verified multiple times as has its 1st stop. I have 2 orders, EURJPY, long today with exit at and just above the 1st stop. Be buyin when theyre cryn.
A small gap formed Sunday that needs filling. 'Hard Brexit' exaggerations were called out this morning, may assist this trade and any Sterling traders alike. Enjoy