huge -ve divergence on RSI...5 waves completed with the 5th way hitting the fibo ext...i expect prices around 35 the months to come
no words to say here....you simply short it and waiting to get paid....i never miss trades like that...market can be irrational but not for long...targets according to fibo...the cluster around 26-27 will not be avoided eventually
just a thought of how it will evolve.....it is doomed to break the up trend line but not in this move since it is already oversold (rsi has a strong reversal signal) and has already covered a lot of ground from its top....it will be in a better position to break it after a slight move up....a move that will not violate its top
Note that upper BB refuses to open further an indication that there is no more room to move higher......5 waves seems to be completed....ADX extreme value which tends to normalise it......RSI -ve divergence....TARGET AROUND 2.70
waiting to reach double top leveles and then sell before the ending triangle breaks down...target around 150
i see this retracement back as a way to confirm his upmove by testing previous highs....expect new highs on this soon
ABC completed...trying to form a double bottom rsi +ve divergence ADX on axtreme levels, increasing volumes here....reversal long target around 28
this is a bullish set up...above the cluster....above the trend line...above the cluster...a small retracement to test the trendline and the cluster and then up....looking to go long around 15 with SL 14.50 and TP 17.50
Possible H&S formation...for confirmation needs to break above the neckline...but techinicals looking good
my target based on weekly is around 1.23....looking for smaller time frames to enter...this looks good NOW