Symbol: NZDCHF 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...
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. TP1: 1.3300 TP2:...
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.
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 support). www.poundsterlinglive.com www.dailyfx.com www.forexcrunch.com Daily: Weekly: Confidence: B (because of...
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...
Looking at USOIL, if we put in a lower low, lower close blow our current level, we may be in store for an equal measured move down to our next level of previous structure support. Akil
Ticker: COINBASE:LTCUSD Timeframe: 3h/1Y Just a quick Elliot wave and fib analysis. Grey area is my buy and pray point. Short Term: Bear Mid Term: Bull Long Term: Uber Bull
1: Uptrend since 2018-03-26 2: Currently at a good resistance point in daily(110.221) 3: Currently in a 61.8% fibb retracement 4: Creating a new high since 2018-05-01 5: Wait for a retracement on the level 109.877 wich is also the previous high, a good support zone and an extension fibb 1.618 6: Risk ratio of 3.22
We have completed the first two waves wave 2 is 0.618 fibonacci retracement of wave 1 as expected. Our Target for wave 1 is 1,6-1,75 Fibonacci Extension of Wave 1. Place your stop Loss carefully. If this plays out as expected you can lock in 20% profits.
ABC Pattern completion up along 127 Fib extension and 786 macro swing, is moving along significant trend line and has retraced to a 618 level T1 at recent high T2 at ABC completion Japanese Weakness among other JPY pairs NZD strength among other NZD pairs
_____________________________ Idea: We have HEAVY bullish divergence on the RSI and a good target for the 1.618 to be the end of wave 3 _____________________________ Warning: we did hit the 1:1 extension of 1 and immediately corrected from there, I am assuming that this was only a subwave of 3 rather than the entire wave but i could be wrong on this point...
Everything is explained in the chart!
This is my first full Elliott Wave prediction using fibonacci extension and retracement. Im going to keep this up here and see what happens in the future in regards to the prices. We will see how close/far off i am from these predictions. Price predictions: W3 (0.0174-0.0182) W4 (0.0149-0.0159) W5 (0.0200-0.0208) Correction (0.0136-0.0144)
so much confluence I can't even read the numbers.
Or will it breakout trend, and find support from the Fibonacci retracement. I like the idea of an new ATH around februari!