- On the weekly chart we can spot a huge falling wedge - bullish reversal pattern!
- If you take a fibonacci retracement from previous low (3000 USD) - we are currently sitting on the 0.618 FIB level!
- I think the drop below 28k was a capitulation event to kick out all stop losses and trigger liquidations.
- ABC correction from all time high is now completed...
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NZDJPY aftter the recent high hit perfectly the weekly resistance and started a retracement move.
The market is currently moving into a descending channel and approaching the 0.5 Fib support.
According to Plancton's strategy if the price will provide us an inversion over the 0.5 or the 0.618 we will check for a noce long order.
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Follow the Shrimp 🦐
Keep in...
NZDUSD on the 4h chart is testing a daily support.
The price after the first bearish impulse tested perfectly the 0.382 level and move once again to the support providing a 2nd bounce to the 0.618 fib level.
Now the price is testing again the support and according to Plancton's strategy if the market will break below and satisfy the ACADEMY conditions we will set...
AUDNZD on the daily chart creates a perfect inversion at the 0.618 Fibonacci level.
The price is now moving to a resistance level and according to Plancton's strategy if the market will break above we can set a nice long order.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure...
EURGBP on the4h chart after the 0.618 rejection from the descending trendline broke the support area and currently is retesting it.
According to Plancton's strategy IF the market will provide us a sign of inversion we will be ready to set a nice short order.
If the price instead will break above, at the retest of it we will check for a long...
Moment of decision for IOTA, which entered these days at critical levels. Sustained in 0.618, we see that it lost a lot of volume. Of being the IOTA / USD pair in more than 20M to be at the time of publication of the chart with about 7M to pay attention and keep track of.
In the daily chart also we see that it is a very operated crypto. From a bullish candle to an...
The market rose after FOMC's Interest rate decision and it is pulling back now.
The 0.618RET of previous rise is at 96.9 levels which is also a good support zone.
Meanwhile good Supply Zone works at 96.8-96.9 levels.
So it is good to buy at 96.8-96.9 levels when the price action gives signals in the PRZ.
SL: below 96.8
TP1: 97.4
TP2: 97.8
TP3: 98.8 and further more
The market drops well but it will face strong support next.
The 0.618RET of previous rally is at 1245.3.
Meanwhile the bullish AB=CD will complete at 1244 level and the 1.618REXT of B-C is at 1246.2.
Additionally, the good Demand Zone also works at 1240-1245 levels.
So it is good to buy at 1240-1245 levels when the price enters and gives signals in the PRZ.
SL:...
The DXY has fallen from the beginning of this year,now it is half of this year, will it continue to drop or start to reverse?
The FOMC's Interest rate decision is coming soon,and it may trigger a great reaction to the market, especially to DXY .
The DXY may face a strong support now.
1.The 0.618RET of the previous rise from 91.9 to 103.8 is at 96.47 level;...
The 0.618RET of previous drop from 0.775 to 0.732 is at 0.758 level and the 1.618REXT of sub-drop from 0.751 to 0.737 is at 0.760 level.
Meanwhile 0.758-0.760 is also a fresh Supply Zone where also a good resistance.
So it is good to sell at 0.758-0.760 levels when price action gives signals in the PRZ.
SL: above 0.762
TP1: 0.746
TP2: 0.737 and further more
The double bottom formed and the market is pulling back the 0.618RET where also a good Demand Zone locates.
Meanwhile the strong support also works at this zone.
Additionally, the bullish Libra Pattern is forming.
Maybe it is a long term buying opportunity.
So it is good to buy at 1.647-1.663 levels when the price enters and gives signals in the PRZ.
SL: below...
The market soared quickly in last month, and will it move further?
The strong resistance is not far.
The 0.618RET of previous decline from 0.748 to 0.681 is at about 0.723 level.
The 1.618REXT of previous decline from 0.705 to 0.681 is at about 0.720 level.
Meanwhile a good Supply Zone works at 0.720-0.723 levels.
Additionally, the RSI will be overbought if the...
The market is moving along the downward channel, will it decline lower?
Maybe a good buying place is near.
The 0.618RET of previous rise is at 140.37 level.
Meanwhile the good support zone is at 140.3-140.8 levels which is also a fresh Demand Zone.
Additionally, the RSI has been divergent already.
So it is good to buy at 140.74-140.79 levels when price action...
The market has breached the upward trendline, and also the starting point of last rise was broken out.
Now the price is pulling back, maybe a short-term top formed.
A good short place is at the 0.618RET which is also a srong resistance.
Meanwhile the Supple zone also works at the area.
So it is good to sell at 1.293-1.295 level when the price pulls the PRZ back...
The market has broken out the neckline of the short-term double top and is pulling back now.
A good short place is where the 0.618RET and the 2.618REXT converge.
Meanwhile a good Supply Zone also works at this zone.
So it is good to sell at 45.8-47.3 levels when price action gives signals in the PRZ.
SL: above 48.9
TP1: 38.0
TP2: 35.2 and further more
