CedricBenacquista

timeframe H1 view

FX:FRA40   CAC 40 Index
20 1 3
in this timeframe, we can see that wave 4 of wave V was a pullback on the 61.8% fibonacci retracement of previous wave C (for me it's a sign of continuation). furthermore, around 4740 points, there's a fibonacci cluster (100% & 161.8%) just perfect & certainly significative i think. moreover it seems that higher bollinger band (in strategic timeframe) will be near of this fibonacci cluster when (if...) price go till this target.
hidden divergence & trend line on momentum indicators (short RSI & Stochastique) are confirming my point of view

PS / sorry for my poor english, i'm a french guy. I will try to improve it
i forgot some precision :
- price is actually laid on the bolinger moving average
- price has, with a wick, bound on my EMA channel, with confluence of the 61.8% fibonacci ratio (= good!!)
- price just touch a "time cycle" vertical line, & immediatly move up

thanks
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out