On the monthly we are still in a current fib sequence. There was a shallow retracement to the 23.6 and price stalled at the 1.27 D extension. Typically, we could see a deeper retracement atleast to the monthly 38.2. If price holds resistance and swing high is formed at current 61.8 retracement level on down fib, I believe we could see price drop another ~615...
Price hit 61.8 D extension to the upside for current up fib. Price is retracing current leg. Hit .27 D extension to the downside on shallow 23.6 retracement on 4 hour. Anticipating short move up to the 38.2 or 61.8 fib retracement level to travel to matching D extension.
Hey hey. My name is Kaci. In this video, I complete a top down analysis of AUDCAD. I take a bird's eye view of the longer term move in the market. In this video, I use fibonacci retracement and extension tool to help me determine my bias. Right now, I believe we are in a down retracement and price on the weekly has not hit one of our key levels, 38.2,...
Long term sell setup. I have a video posted in my published ideas that may provide more insight into my analysis.
Price retraced to 23.6 on daily and stalled out at matching D extension, looking for potential deeper retracement. Retracement to 61.8 could be head and shoulders with daily 38.2 pullback. Looking for bullish break of TL on lower TF.
Moving for long term or ~160 pip buy to continue downtrend? Price reacted off of daily 61.8 fib level. Should this price hold and price break past the last swing high, I think we may be seeing a long term reversal for the next 1,050 or so pips to the match D 61.8 extension. Or this could be a pullback for a deeper retracement off of the lower TF shallow...
It looks like this pair is finishing out it's corrective ABC structure. Price has broken through an uptrendline and looks to be testing the backside of it. Using the fib tool, for the short term, I'd be looking for price to travel to the beginning of the uptrend. Long term, the matching extension is 1.0300. Entering a market order for a sell.
Hi. I'm looking at GBPCAD for a potential buy entry. Elliott wave is always an interesting feat, lol. I attempted to count the waves that have formed and believe we are in an ABC correction right now. It looks like price has hit the D -0.27 extension on the sell. Now waiting to see if we will get a deeper retracement or if price will start to move up. If my...
Looking at a short on this pair to the D 61.8 extension.
Never traded stock. First go round at analyzing a chart. Based on the technicals, I see a rise so that price can reach the D extension and then a potential retracement to the first level of support. Price could retrace past that point. What are your thoughts?
I can see price having the potential to travel to 130.40. I'm waiting for a retest before I enter for the sell.
Waiting on a TL break to enter sell.
Practicing using DXY with my analysis. This markup is my thought for the long term play. We shall see!
Looking for sells on this pair. Waiting for price to form low point formation and for it to pull back at a higher price before entry.
I'm looking at a correction on this pair and buy opportunities potentially to the 61.8 fib level. I believe price has completed an impulse wave and is preparing to correct.
Price appears to have hit a D extension. 15 min TL has broken. Anticipating short to D 61.8 extension.