1.1583 is support, breakout towards targets of 1.1623 and 1.1637
Today's Recurrent Price Level for this pair. Aplogies for not discovering it earlier as have not traded this pair due to its high spread. Perhaps that will need to change because of the volatility this pair will be offering. With the big help of Jurij's Transient Zones indicator, we can trade back to the Recurrent Price Level.
Pitchfork drawn on The Larks Laguerre Moving Average swing points. See how well this tool works?! Price gapped down a large amount and found support on the downward swinging pitchfork.
Bitcoin Daily candles are forming a base for the remainder of the year is my gut reading. Price remaining within the range of $397 to the topside and $346 on the bottomside will formulate strong foundation for bullish behavior after the New year. I believe the basing will consume the time through December 25/ end of year. I see an extremely strong point of...
This pair has finally escaped the downward pressure from the price action created in January of this year. Price has surpassed the 7.0 deviation which is a very strong point for change in trend as is 14. This chart may be a little intimidating but it is offered us some great information. The energy that was released by escaping this element of time from the...
Question is which way. Daily price action this week has found itself extended past a Fib level of 2.618, yet bouncing off the 3.14 (Pi) level AND past a very strong point of magnetic force, both pitchforks 2.618 deviations have already crossed and it appears price is trying to respond by changing its trend. So it is trapped and basically waiting for direction. ...
The Kiwi Dollar is struggling with the 2.618 fib retrace drawn from July's price action ( .7857). This is a very strong level which will decide if this pair will continue much further to the bearish side reaching the fib level of 5.0 or will attemp a retrace back into the area of 0.8184 or even further of .8370. Watch the Least Square Moving Averages which are...
I see the price action of Gold continuing to compressing through the remainder of 2014. I am testing a method of so called magnetic points by creating a grid. According to this chart as gold remains under 1247 there are several points of interest to monitor. Price appears to complete compression by December 15/16 where we could see a strong move to either side....
See chart notations, 3 possible bearish targets should market allow selling. Large opening gap marked with yellow ellipse is a high probability target, look for future breaks of trend lines marked on chart which would be earliest signs of bearish bias.
Trigger for a Short would be a break of last candle low circa 8780. Initial wave of selling has concluded; Double Smoothed Stochastic fast value already broke 50 line week of August 18, typical bullish reaction ensued, slow value completed crossing of 50 week of September 22, this completed the first wave of selling a strong market. Price has broken and closed...
Even though price is bouncing off short term support of 92.00 handle and a Long Term trend line the overall trend remains bearish as late as this past June 25. Short term price could appreciate to the 0.239 Fib Extension level of 96.17. A break of price panel trend line breakout of the wedge and/or breakout of Awesome Oscillator wedge will provide further...