Kriz_deSilva

Kriz_deSilva Updated 

:)

Kriz_deSilva Updated 

Someone pointed out that when buying within that box where there is an obvious support -one should never buy on that area but instead plot a fibonacci and enter on that 1.618 and expect an upward movement. I don't how true it is but let's see.

Kriz_deSilva

Will it move pass the box?

Kriz_deSilva

Will it reach fib 0.618?

Kriz_deSilva

Let's see where will this go?

Kriz_deSilva

Just testing out my plotting of elliot wave...

Kriz_deSilva Updated 

When previous support became resistance. Once this breaks ready your seat belts.

Kriz_deSilva Updated 

Basing my idea on ADX&DI

Kriz_deSilva

Nice set up on darvas box

Kriz_deSilva

Waiting to pass through fib 38.2% and Adx reaching 30. RSI and volume are good.

Kriz_deSilva

Basing my idea on ADX&DI and tendlines

Kriz_deSilva

I saw that Pitchfork and Fibonacci crossovers shows a reversal, let us see what will happen next...

Kriz_deSilva

see where it touches?

Kriz_deSilva

Herein lies the support and resistance

Kriz_deSilva

ADX above 30, EMA9 and MA18 about to cross

Kriz_deSilva

Volume spike, where will it lead?

Kriz_deSilva

An update from The yellow line is a strong support formed on July 13 and retested. Trend is still down but as long as it holds above the yellow line there is still a recognizable pattern or else it will touch the red line. Looking forward for the price to break upward the pitchfork.

Kriz_deSilva Updated 

uptrend