Update: Channels Interact; Define Reversal Potential | $USD $JPY
Friends,
A quick Tech-Note here.
Last week, we offered two new bullish targets (here: www.tradingview.com/v/82yKkbOI/), and renewed the bullish outlook with a cautionary technical word on a probable interim rally (here: www.tradingview.com/v/ctOy3BSx/).
At this time, price seems to have found a potential discreet technical support at the crossing of two bullish momental channels - See circled highlight in chart. Translated in Fib language, this would line up quick nicely with a bullish 0.382 level.
More on this as we maintain our skywards gaze.
Cheers,
David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & Market Forecasting
PS: If you liked the analysis, feel free to give it a "Thumb Up" and pass of a friendly referral to friends interested in occult market mathematics and hidden geometries. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep Shark), or other well known patterns. However, we concentrate mainly on Shark, 5-0 and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor.
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Get signals, analyses and forecasts on Twitter
Alias: @4xForecaster
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Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
A quick Tech-Note here.
Last week, we offered two new bullish targets (here: www.tradingview.com/v/82yKkbOI/), and renewed the bullish outlook with a cautionary technical word on a probable interim rally (here: www.tradingview.com/v/ctOy3BSx/).
At this time, price seems to have found a potential discreet technical support at the crossing of two bullish momental channels - See circled highlight in chart. Translated in Fib language, this would line up quick nicely with a bullish 0.382 level.
More on this as we maintain our skywards gaze.
Cheers,
David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & Market Forecasting
PS: If you liked the analysis, feel free to give it a "Thumb Up" and pass of a friendly referral to friends interested in occult market mathematics and hidden geometries. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep Shark), or other well known patterns. However, we concentrate mainly on Shark, 5-0 and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor.
-----------------------------------------------------
Get signals, analyses and forecasts on Twitter
Alias: @4xForecaster
-----------------------------------------------------
Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster