jefftan

jefftan

Price completed an EP formation comprise of p1 to p4. P3 was halted by downsloping fibo 1.236. Price has broken the upsloping SH2 coming up to intersection of SH2 and the downsloping U-MLH. This is a reversal signal for price to head down the downsloping fibo 0.382

jefftan

A strong potential to break the MPL and the red dotted downsloping fibo 1.5 trendline. Maybe the tourists are herding back to the rides.

jefftan

Price appears to be have losing momentum going uptrend with 3 days of rejection at the upsloping median line. Frequency and direction has shifted between the purple channel lines. Possible strong downward thrust expected new week heading toward the lower purple trendline as illustrated. This will break the L-MLH with a possible Kiss Good Bye back to the L-MLH...

jefftan

Price finds support at confluence of SH2 and SH3 with immediate resistance at SH2. Price needs to break SH2 to join major uptrend. Be careful of fibo 1.382 as a possible support that price will test if it breaks SH2

jefftan

Price needs to break above the purple and orange trendlines to get back to the black upsloping pitchfork. A failure to break above will smack it down towards the upsloping fibo 1.382

jefftan

Previously on: 04.10.2013 15.08.2013 As long price stays within the upsloping blue channel, trend is still up.

jefftan

Previously on 15.08.2013 Projecting the market into the future and you see how price staggered accordingly. Notice slight frequency change in the purple lines with the light shaded channel. Overall trend is up. Wait for opportunity to LONG>

jefftan

Price is trying to switch to the blue channel but it has to break and close below the downsloping blue sliding parallel. Market flow is down.

jefftan

If price breaks all the sliding parallels, it is conforming to the downsloping pitchfork.

jefftan

Trade was not triggered as it did not clear above high of doji. Price testing on the outside sliding parallel. If price breaks above yesterday candle, price will have potential to begin reversal.

jefftan

Price failed to change to uptrend and broke L-MLH and went below the downsloping orange ML. There is a probability that price will oscillate within the blue channel.

jefftan

Price is pulled by confluence of L-MLH and ml which is at the bottom of the upsloping major trend. As long as prices stays above L-MLH, we will see reversal of trend upwards in line with the major trend.

jefftan

Prices experienced a fake breakout followed by a flush which took out most traders that have longed on 25.09.2013. A break above 73 will push price toward ML and oscillate within the confines of the blue channel Caveats: 1) downsloping fibo 0.618 2) triangular trap

jefftan

Previously on: 2013.09.19 2013.09.13 2013.09.05 2013.08.23 2013.08.02 2013.07.23 2013.07.24 2013.07.29 Price has went past wl-6 as projected and heading towards WL-1 or wl-7 whichever comes first.

jefftan

Previously on: 24.09.2013 A very bumpy ride down only for those who can take the swing trading style. Nevertheless the target has be reached.

jefftan

Price has tested the median line several times and has zoomed past 0.618 fibo trendline. Price looks set to moved in the upper band of the upsloping pitchfork, Good to place a BUY LIMIT ORDER.

jefftan

For those who are still in the trade, careful to tighten your stop once it near the downsloping red median line as depicted.

jefftan

Previously on 2013.09.19 2013.09.13 2013.09.05 2013.08.23 2013.08.02 2013.07.23 2013.07.24 2013.07.29 We have been stalking Facebook since 2013.07.29 and so far it has behaved textbook fashion staggering upwards and meeting resistance at each warning lines(wl-x). Price has moved beyond the blue channel or frequency as it shifts its play into the...