price rallied to the downside and tested a key weekly level of 0.99000, however daily rejections at this price region with bullish candle suggest strong institutional demand that may be dominant over the bears. Price could reverse and form a new lower high at the highlighted region as the 3rd drive, also in confluence with MA acting as resistance in addition to...
#VET is looking very bullish once again after our call at around 90 sats on May 27 is showing a good progress breaking out of the formed downward channel trend on the daily time frame. For now we might see some downward push downs which might further go down to the area between 98 sats - 100 sats for a testing of the line which was the resistance...
This analysis that I have made is to retain insight into what can happen, to look back at what happened afterwards and to look back when I discover a similar case. I do not give advice as to what someone from this analysis should do or imply. It is an important reminder for myself about what happened.
Ok, so this chart looks like quite the mess but hear me out. EUR/CAD had been following a clean WXY correction and it looks like it's about to reach the (A) Correction on the Y wave.
So there are 4 good reasons why the price is going to reach my (A) correction.
1. If you take a look at the red trend line, price has crossed over and it is going to use that red...
USD/CAD is about to reach the end of the X wave and it is common for it to retrace to .618 of the W Wave. I'm looking to short at 1.343 and I'm expecting price to reach the major trend line to finish up the Y wave.
This is also going to have an effect on Eur/Cad. While USD/CAD has been moving up the X wave, EUR/Cad has been consolidation. Once Usd/Cad finishes...
Prediction : Short
Daily : We have a double top, a break of the last lower low, now we have a pullback on this level.
4H: With the fib extension we have our sell zone, which is between 100% and the résistance .
1H: The price is bullish, now we have a small deceleration, with a divergence on the MACD.
The best time to take a sell is when we...
welcome to another free signal!
Important: This currency-par is very volatile and sometimes unpredictable!
Make sure to trade with a decent money-management!
Target 1: 5,550
Target 2: 5,66790
LEAVE A LIKE AND A...
I find this long term chart of the Nasdaq Index with Fibonacci extension levels applied, to be quite illuminating. For me it puts things into a helpful perspective.
By no means am I a "perma-bear" but I find this chart helps me to be honest with myself. Especially if I'm wanting to put money to work in this environment.
Prices have extended well beyond previous...
Anticipating the end of an extended 3rd wave. I would like to see a pull back making a 4th wave.
It is possible a fourth wave could break above the trend line and reach the 0.382 Fibonacci retracement.
My target is the 0.618 extension of wave 1 through to wave 3.
This would also give us a break of the previous low at 1.2660.
If my target is met and the previous...
Bullish engulfing candle near major support level 1.2900 and FIB-retracement level 61.80%
with a crossover of the Stochastic in oversold conditions on the Daily.
Once engulfing candle is closed and fully formed, I'll be watching for a long entry at the 1 hour chart with an
oversold Stochastic and confirmation of a candlestick pattern.
Almost breaking out of the descending wedge will take us straight up to new levels of support, matching trend lines AND fibonacci extensions. Moving average bullish cross in next couple of days. Breakout VERY LIKELY.
We have long targets for FX_IDC:USDJPY after breaking a falling wedge at the 1.272 and 1.618 extension, at the same time price targets for the falling wedge breakout meet pretty accurately within these ratios. You can even see price making its way back to the pullback after a throwback to the wedge´s upper trendline.
These long strategy follows a major bullish...
Still bearish in AUD in general despite their new PM because of risks from US-China trade war, and slightly bullish in CHF for the same reason. Entered a short stop order with conservative SL between 0-38.2 fib lines and TP @0.71428 (weekly...
This is a W1 chart of Microsoft.
The purpose of this post is to follow major companies whose share price affect the general financial market in order to anticipate the depression/recession that is to come.
This analysis is based on EWP in combination with fibonacci levels, and some reversal candle stick formation in the end.
After the correction of 2008-2009,...
This is not a trade idea, just analysis as it is counter-trend and therefore higher risk.
Now that Bitcoin has hit a 127% Fib Extension, it is probable to see profit taking. With this in mind, we could see price push up to the 38.2% Fib line.
Should this occur, it might start to develop a potential inverse head and shoulders pattern which would complete near the...
Hi, checking back into Bitcoin.
This is what I see.
Clear resistance @6850 and @6900 and then @7000$
Depening on the volume assosiated with the bullbreak it can go up to @7200-7250.
If everything goes well the next major resistance is 7800$
Have a great (trading) day.