noahgregory

noahgregory

I think that price will continue in a downtrend following it's interaction with both the strong resistance and the 23 fib at the monthly level (red). Price might consolidate when it reaches the support that's been historically respected on the weekly frame (orange), but will continue descending down the prominent channel (red).

noahgregory

I think it'll continue getting pinched, per the respected trends at the monthly level (blue). Possible consolidation at the pink zone/50% fib, as price has in the past.

noahgregory

I think it'll stay in the channel and the trend lines will be respected, per the prominent trend even at the weekly frame (blue). Might have a small reversal at the 23.6 fib, but overall it'll continue trending down the channel.

noahgregory

I predict it'll continue the prominent downwards trend and will respect the strong resistance (red) and reverse it's positive trajectory caused by recent conditions. In addition to the well-respected resistance (red), the 61.8 fib at this position has historically been respected, further suggesting that price will continue to trend downwards.

noahgregory

- Predict that, as in the past, the 38 fib will be respected and price will move upwards (or the trend line will do it) - As the weekly and monthly frames reveal a positive trend since late 2016, the 23 fib will have to be broken relatively soon if price maintains the current trend (hence the 2 r:r analyses) - once the 23 fib is broken, price will likely just...

noahgregory

- Predict that the 50 fib will continue to be respected as past trends suggest, pushing price upwards with the trend line - It appears as though the 38 fib has a cyclic pattern of being respected and broken (hence the 2 r:r analyses) - I'm uncertain if the point highlighted in the green circle is indicative of the price respecting the 38 fib, in which case we...

noahgregory

- Predict that price action will continue to increase overall, as the past few months suggest - Wick on the most recent candlestick indicates price wants to increase more than decrease, so it may break the top trend line - If the trend is respected, it may decline to the support and then bounce up, as it appeared to be respected in the past

noahgregory

- Before the fib retracement, I put in the bars to signify respected trends and it turned out all of the main fib points were respected to a notable degree - Predict that price will continue to respect the fibs and the overall trend will continue to increase as the monthly time frame suggests (so it'll have to break upwards at some point!) - Long for a long term...

noahgregory

- predict that the price will respect the resistance like it did on 07-20 and 08-22 and will decline towards the support/23 fib - after it hits the fib, it'll just continue along the channel