p3lonis

p3lonis

Weakness showing in HD. The resistance (in blue) is proving to be just that. The MACD has turned, showing just a bit of bearish divergence as well. A solid engulfing daily candle showed on Friday the 6th of Aug 2021, which led to a bearish pin bar setup. The 100 daily EMA has proven to be a zone to pay attention to over the past 10-15 years and will look for...

p3lonis

Been watching AUDUSD for a bit. Was able to get shorts filled at .77 and sitting and watching PA. We have break of the daily trend that's been on since near the start of 2017. We have had three touches to confirm an upper downsloping trend line. The green line is a based on the monthly. A few support zones are indicated and I have my take profits shown. Not...

p3lonis

The green lines represents the weekly down channel that the pair has remained in since June/July of 2014. With the daily looking finally like a change in direction, with lower highs in place but yet to by pass a higher higher, its looking like its decision time. The blue channel is the channel which we have currently been in since the end of Nov 2015. We have...

p3lonis

I think we are gonna be range bound in these areas for a bitso maybe one of these paths could occur. We could see a temporary rise to try and test first the 1.093 level, which is the 50% fib level of the recent drop, if broken a run to the approximate 1.101 resistance that has proven difficult. The approximate 1.084 level would have to hold on any retest. If...

p3lonis

Been trying out some elliot waves on some random charts and came across Fedex. Fedex has been caught in what appears to be a bull flag channel. RSI has been trending down on the daily and seems prime for a breakout, the weekly RSI agrees this could occur. Monthly RSI seems like a top with bear div occurring, could a double top be in the process? Running some...

p3lonis

Obviously I am not the first one to suggest this, but this something I whipped up. I believe the Elliot Wave retracements began at the start of this RT shoulder, where we are reaching the B zone. Potential H+S on RSI. MACD has only crossed the green line once, during the pop of the head, and it seems to be still strong. (EDIT: Probably could of drew it a bit...