FateTrader

FateTrader

Just throwing it in here as something I saw. How does it look like to you guys are the necessary technicals in for this to happen?

FateTrader

Last time when 200 ema crossed 200 sma to the upside it resulted in 19% drop, is the past going to repeat this time?

FateTrader Updated 

Possible down move on the daily. Third drive is not yet confirmed but quite possible from the looks of it.

FateTrader

Based on expected imminent end of Wave 3 and a possible retracement of Wave 4 no more than a 0.236 level which usually happens in strong trending markets.

FateTrader

On a weekly basis wick to wick.

FateTrader

Price is still dancing around the red 0.238. I'm expecting pullback from it maybe not all the way to the bottom but at least a meaningful enough to attract new money in.

FateTrader

I'm posting this trend analysis here just for the future reference, will see how the price goes. I know how unpopular now is any pullback idea but there's going to be one eventually, just nobody knows when.

FateTrader Updated 

10, 9, 8, 7...

FateTrader

Unfortunately it really looks like it could be the case. Seems like demand is getting weaker and weaker pushing the price lower each time. I have tagged it as short sell but only on a retest of the red zone after it gets violated.

FateTrader

What do you guys think?

FateTrader

Is Tyler Jenks Hyperwave theory going to be right about the $1000 target? Now I know he used to do it exclusively on the weekly chart and this triangle is on the Monthly, but it sure looks like one massive dreaded descending triangle with the target at 1k!

FateTrader

Price will get pulled into the 50/100 daily MA cross and then we'll get another leg up

FateTrader

If this is not gonna become a bull trap it will fly

FateTrader

Not an analysis. Just where I think it will reach next.

FateTrader Updated 

Similar to the end of 2018 we have a smaller triangle that broken down and a possible bullish divergence in the making

FateTrader

If this pattern repeats this is going to fly baby

FateTrader

Fractal voodoo, is indicating that that the breakout should happen in Jan'20, but if we take into account previous 2015/2016 bottoming action that took twice as long as the most recent one we could hope the current sideways boredom to break out in Sep'19.

FateTrader

Price is hanging above both EMA55 and SMA50 but just below EMA21, tonight will see a big fight for it, close above it and we should see a lot upside below it, will signal retracement to 42% most likely. And this will also close the CME gap. Stoch has crossed to the upside in the bearish control zone which is a good sign similar to both previous times (solid...