I find interesting results using this method and stretching this out randomly across different stocks. Here's a possible short trade.
I had previously published another chart, which hinted at a drop in CVX to 110 levels before shooting up to 128+ region. This analysis is based on a rather simple EMA, Trendline Break and Fibonacci Level. Firstly, we have the 21EMA above the price. The trendline is upward sloping, which has been broken (but not before making a high at 127.33). We then plot a Fib...
The monthly trend line break with Fib levels shows the target price being achieved. On the daily chart, price is likely to move to 99.618 and then break down to 92.976
This is a long term trade for GBPCHF, using Wolfe Waves. I have also added in a component of Fibonacci. i.e) If Wave 4 respects either of the 3 Fib levels (0.832, 0.618 or 0.5) then the Wolfe Wave, is likely to move all the way up to 1.618% Fib Level. This is an experimental paper trade, so use discretion.
Not a trading idea. This is just a chart for some analysis that i'm doing.
Publishing this chart to figure out the relationship with Fibs and Wolfe Waves.
I was led to look into Chevron's charts based on an article on Seekingalpha. The technicals point to a correction to 108 - 109 and then a strong rally. For those interested, you can read the comments on Chevron here: bit.ly
CHFJPY - Supply demand trading, possible long with a good reward to risk ratio.
The chart is prepared using Wolfe Waves and Fibs for entry/exit. We see a possible rally being formed from the current levels. The confluence of 0.5 and 0.618 marks our entry with stops just a few points below in the Wolfe Wave's 'Sweet spot' Price likely to go all the way to $32 region. The three intermediary Fibs are immediate take profit levels. Expect to see...
Yen is going back to retest a fresh supply level in the region of 100.686 - 101. This move is only temporary and will drop back to 97 levels. A great trade opportunity here.
Another weekly chart with 8 straight bullish bars. Due for a correction.
This is the first of many charts that will be based off Rule of 8. For every 8 consecutive bullish or bearish bars, we expect atleast one or two corrective bars to be formed. In most cases, the correction can retrace 61.8% of the entire bullish or bearish move.
I've prepared this chart with 3 different analysis taken into account. Namely, - Supply/Demand - Wolfe Waves - Fibonacci All three analysis point to a mild rally in the EURUSD followed by a drop from the regions of 1.315 - 1.317 all the way down to 1.28 - 1.27. Notes: Scale out of the positions at each of the Fib levels near the TP regions. Namely: 1.28930,...
This is my second chart for the GBPUSD. All analysis points to an impending fall in the Pound. On the daily chart, i've plotted a Wolfe Wave. Its interesting to observe that the regions between 0.382 and 0.618 is where we expect a reversal to happen. Continue watching these charts for next week. Perhaps end of next week or early into the 2nd week of June should be...
Just playing around with Supply/Demand levels and then plotting Fibs from the Daily chart. I notice some interesting points of confluence. Note that the S/D levels were plotted on H1 and then the Fibs were plotted. If that's saying something. Overall, this could be one last retracement for the GBPUSD before price heads to the 1.4xxxxx level.
Confirmed short trade.
Trading near the daily support level 1 and also in the H1 support zone. Most possible a move higher is likely to happen. Trading this with a tight stop loss as there is a chance for price to test 98 levels.
Another chart, looking to short the EURJPY...