Carefully adjusted fibchannel and timefibs.
Allignments of price and fib channel are marked by yellow lines (scale out to see more allignments)
0.618 - 0.764 time fibs mark a potential breakout area.
Next weeks I expect moves within the red diagonals, less volatility, smaller trend angles on downmoves, short: sideways.
So moon rally likely to start in august.
Investors are holding the support at 1.3585. Inflation dropped at 0.5% (0.7% estimate) and unemployment rate dropped at 11.7%. From the TA perspective I saw an descending triangle. A break bellow the support would clearly be a negative signal for the future price action.
For the moment I am still waiting for stronger signals - When in doubt, better stay out!
The Biotech ETF has been hovering around 8 and 21 day EMA to build a tight range. Mixed action but still above 200 EMA at $222.30 which acts like support.
Powerfull breakout above $233.80 could attract more buyers.
But I will be watching both sides.
Daily chart: head and shoulders resolved to upside after it broke neckline at 0.91000. We had follow through to 0.94610 then entered into complex pullback (bull flag) which was broken up with potent, igniting candle and now it is building nice upper level base above all key moving averages.
Shorter-term tech analysis:
Pair entered into rnage bound market sith...
Last Signal
Green Triangle Up = Long Signal
Stop 24 ticks
Using the MT AutoFibGrid for your trade management target and trail zones
BreakEven Zone = 23% 101.82 - reduce risk by 50% -
move stop to -12 ticks
Target 1 = 101.95 to 102 - High
Target 2 = f50% 102.16
trail to below f23.6% at f50%
Range Grid Below Shows we are 50% of the session range - before the...
With markets down around 1% this biotech company showing us relative strength.
It is trading on highs above all key moving averages in very tight consolidation above previous swing high @ $85.50.
Entry here and expect break up of $88.50. If market will show us some strength, this stock could be a good candidate for long.
Looking at the EUR vs CAD on the daily time frame we can notice two days of indecision for the pair since the bearish fall from prior resistance at 1.53019. The indecision is noted with the two doji's formed at the support level at 1.49114. Doji candlesticks represent indecision as neither bears or bulls control the market. Prior to the doji at support the market...
This asset managment company was in strong uptrend since September 2013 from $45 and topped at $58.86.
That trend was broken with steep downside move. Stock found support at $50-51 area from one side and resistance zone at $54-55.
BEN was underperformer with $SPY just 2% off the highs. It means that if bounce scenario will come into play this range may resolve...
Daily chart still in major uptrend but it is more range bound market, so it makes sence to trade tactically both sides.
After it failed above resistance zone pair established downtrend. Broke below previous low of the day means that sellers are interested in lower prices.
Significant support zone 1.38509-550 where i can take some off from my short position,...
After the third touch on a significant resistance level around the 1.9000 level the AUDNZD looks like it might either be ready to break out of its 4 month range and continue south. Beware of minor support lvl of 1.0750 before going short. This can either turn out to be a good range trade or the beginning of a longer term trend continuation.
Entry range - 1.0850 -...
![BTCUSD: [ SIDEWAYS ] - Fibchannel + Timefibs](https://s3.tradingview.com/j/JxbyuYhA_mid.png "[ SIDEWAYS ] - Fibchannel + Timefibs")
