Can someone explain or tell me why the Fibonacci Retracement at 78.6% is 200 points lower than the 78.6% retracement for the Cypher pattern. I am new to this Harmonic trading patterns so a comment or two would be very appreciated. Thank you and with that being said I see the market finding support at this level and rallying over the next few days.
RSI 14, STOCH 14, SCALPING, TECHNICAL ANALYSIS, SUPPORT & RESISTANCE
Right now I'm Still Neutral on SPX500. This could all change IF we break & close below the Major Support level on the Daily time frame. IF, we break & close below that level, THEN, I would expect Price to run back down to Previous Lows (Green Dashed lines on Chart) @ around 1880's level. So far in this Uptrend we have started making a series of Higher Lows which...
Nov 2 2015: BULLISH EURUSD DAILY: Waiting on gartley to play out (Analysis Based on Daily charts) Criteria 1. Up trend on the Daily chart 2. Price at daily Support level 3. RSI hidden divergence 4. Gartley pattern terminating slightly below channel lows NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful....
Although NZDCAD has not completed a technically valid Gartley pattern since the C point has exceeded its .886 conventional limit, the pair has still found support in the .786XA area. In addition to this key retracement level, there is confluence in this area between 1.272AB=CD and the 1.272 projection of BC. To add to the bullish bias, a missed monthly pivot...
GBPCAD has satisfied the conditions of a bearish 5-0 pattern at the 50% retracement of the CD leg. Missed monthly pivots for June and July of 2015 will likely help drag the pair down to the target area. There is tight zone of confluency around 1.978 shared by .786 XO, 1.272BC projection, and .786BC=DE, which makes for a nice area to take profit. The next level...
Short Entry @ 191.640 StopLoss @ 192.220 Take Profit @ 189.770 Broken Daily support over bought have had a double top in the past couple days which ran right back into the support turned resistance marked by the pink line. Fundamentally the Yen has gained some strength and it is being shown a little bit across the board. Technically we can see a lot of...
Four out of five days the price for the Fiber advanced last week, for a total of 250 pips, printing a higher high in a string of consecutive higher highs and higher lows since it came off its low over a month ago. Ever since the FED went data dependent, there is a lot of volatility in this pair around the release of US data items. The bearish sentiment on the...
I will start by saying that I believe manners are important. It is a shame that so many people have forgotten they exist. I want to thank the requester of this chart, a complete stranger, for using his manners :) Let's move on the the request for a chart of AAL. Back in late 2013, AAL (the stock) was just getting started. The stock created a double bottom in...
Starting mid 2014, FB entered a price range. The bottom was about $72 and the top was about $80. Now that some time has gone by, it is easy to look back and see what was happening. The top of the range has been breached a few times - back in October, in December, and February. The December breach was the strongest as FB actually closed above $81.00. Today,...
Well I put the description on the chart, trade it at your own risk, and use this as a way to more or less formulate your trade idea that would fit your own guidelines for a trade. =D Since this is an exotic pair it isn't necessarily for new traders, since many factors make "exotic currency" trades different, when it comes to averaging position sizing to adjust to...