Something I noticed. Every retrace since february has been a perfect retrace to the golden pocket (0.618-0.65 Fib area) Currently we are facing another golden pocket area again around 7.5K. There is alot of confluence resistance in this area which could lead us back lower. The 200EMA is above us that act as resistance Prior resistance. Trendline formed since February that has acted as resistance And finally we are forming a rising wedge. Cheers!
everyone is expecting it to DUMP , not so sure about that!
BatterT
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@TomPower, The charts never lie Tom, I don't look at emotion. The statistics were all there, a dump was inevitable.
TomPower
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@BatterT, Dam, ok u were right. another loser here for me as I thought we were going to 7500.
Shwayze
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I am very impressed, this is a kind of technical analysis that is far superior to what I normally see on Tradingview. I also look to get better...
I have put time in to learning trendlines, support/resistance zones, trendline patterns/candlestick patterns and analysis, indicators like Volume, RSI, MA, SMA, EMA, keltner channel, bollinger bands, not sure about other indicators, and then Fibonacci, Multiple Timeframe Analysis, Elliot Wave, and Ichimoku. I feel like I am missing something. Recently I have been discussing, or listening to and learning about - fractals. I am very open to this type of trading, and I think motivated enough to learn. Do you have any recommendations as who may be a good teacher, or even a site or two you like? Thank you very much.