Synopsis:
RSI, Stoch, MACD all point to up trend. (Strong signal)
Fibonacci confirms strong levels of support (26.70) and Resistance
Pitchfork showing downward and sideways trend, with price on the median.
Fib arcs show upcoming resistance zones (counting one we just entered)
I labeled the action reaction lines to help better understand what I was and am measuring to.
Expectations (Long):
4/11: Upwards following 1.618 underarc. some resistance at 0.236 arc
4/12: minor sideways and down movement along 0.236 arc, moving towards pitchfork median
4/13-14: moves up to 0.382 arc
4/15: Moves up towards 0.786 fib resistance line, .5 fib arc intersept
4/18: moves upwards to Reaction Line 2:1, Fib spiral, and .618 fib resistance level.
4/19-21: retraces to 0.786 fib support
4/22+: Upwards past 0.5 fib resistance, back towards Reaction Line 2:1 resistance
RSI, Stoch, MACD all point to up trend. (Strong signal)
Fibonacci confirms strong levels of support (26.70) and Resistance
Pitchfork showing downward and sideways trend, with price on the median.
Fib arcs show upcoming resistance zones (counting one we just entered)
I labeled the action reaction lines to help better understand what I was and am measuring to.
Expectations (Long):
4/11: Upwards following 1.618 underarc. some resistance at 0.236 arc
4/12: minor sideways and down movement along 0.236 arc, moving towards pitchfork median
4/13-14: moves up to 0.382 arc
4/15: Moves up towards 0.786 fib resistance line, .5 fib arc intersept
4/18: moves upwards to Reaction Line 2:1, Fib spiral, and .618 fib resistance level.
4/19-21: retraces to 0.786 fib support
4/22+: Upwards past 0.5 fib resistance, back towards Reaction Line 2:1 resistance
Trade closed: target reached:
Priceaction close to long prediction