munsifk
still using this gan square and fibonacci time zone combination. Very interesting tools that accurately predict moves in the market, can still be difficulty figuring out which way the move will go though.
still using these gan squares and Fibonacci time zones. Really looks like this could be a v shaped break back up, but will have to see
suggesting a short to the bottom of this section of the gan square. This is part of a bigger movement with this just a glimpse of the gan square.
I am hoping we will see a bounce off the gan square at the fibonacci time zone, but we will ahve to wait and see.
Stillt rying to use these alternative drawing tools. They seem to line up the patterns very well, but will ahve to see how they work in practice.
Gan square and fibonacci cycles suggest a big movement is imminent on the 15 minute chart. Lets see if it pans out
Bearish doji, plus strong momentum at strong fibonacci resistance line. A break up will devalidate the trade
Hitting the low end of the channel, if we don't see a breakdown of support we should see a long. I know that oil has been doing badly lately, but exxon is still exxon, and investors likely realise that once oil rises again it will be back trading at a premium.
In relation to my previous post. Going back to basics and using some new tools. At a pretty important level of resistance here of both the trendline and the edge of the gan square. Likely to see either a big a breakout or bounce off at this point
#my day trading skills are pretty bad so trying to get back to the fundamentals and work my way up. Using a fibonacci extension, and a downward bias consolidation triangle.
I think that the drop in oil price has already been factored into the stock, plus since saudi is in control of the oil price it will likely reverse the price if things get too hard.
Micron missed earnings estimates then the stock moves up the next day. Gotta be long.
these kinds of doji are pretty accurate in weekly charts
Just messing around with ideas to examine at a later date
just testing out an idea based on the previous reversal of price. it would probably be easier to tell with level 2 data.
Perhaps it is the new 3d food printer or perhaps not, but 3D systems looks to have reversed it's fortunes.
S&P going down but ford staying steady at resistance. looks like we will see a breakout when the S&P turns back around