Again, a pretty much self-explainatory chart. Forgive me not deleting the Fib smaller retracements, but I need them for shorter-term analysis :D. This is the continuation of
I'm not sure how to set targets for the bull flag in the long term, as per Bulkowski it'd be like 9.000€ ($11.000) -67% pole PIPS, measured from bottom line of flag- but that's measuring a target from a negative price... xD. As per trading-tutorial standards it could break all the 13400PIPS up to around 21.000€ ($25.000), so I'll let the market develop in the meantime... For now, if we close the weekly candle out of the bull flag, there's room for some big move to the upside.
The targets for the falling wedge breakout that I set on April 10th's chart seem to align conveniently with a trendline of previous market tops of june-2017 august-2017.
Didn't delete that old lines for a reason and now they seem to align moreless with both wedge targets, and it would fit the "return to the mean" meme after the classic Bubble Popping graph i2.wp.com/transportg...ds/stages_bubble.png
Good luck fellow traders and thanks for the upvotes, I made it to 50 rep and I can comment on other people charts now! BIG ty!
I'm not sure how to set targets for the bull flag in the long term, as per Bulkowski it'd be like 9.000€ ($11.000) -67% pole PIPS, measured from bottom line of flag- but that's measuring a target from a negative price... xD. As per trading-tutorial standards it could break all the 13400PIPS up to around 21.000€ ($25.000), so I'll let the market develop in the meantime... For now, if we close the weekly candle out of the bull flag, there's room for some big move to the upside.
The targets for the falling wedge breakout that I set on April 10th's chart seem to align conveniently with a trendline of previous market tops of june-2017 august-2017.
Good luck fellow traders and thanks for the upvotes, I made it to 50 rep and I can comment on other people charts now! BIG ty!