We primarily expect Fiserv to drop into magenta Target Zone between $134.54 and $120 as part of the same-colored wave (2). Investors could then open long positions there, with stops placed around 1% below the lower edge. Subsequently, we expect a rise above the resistance at $165.28. We consider an earlier break of this level to be 37% likely. In this case,...
The price of Fiserv should have recently placed the high of the magenta-colored wave (1). We now expect the magenta target zone to be reached between $134.54 and $120. Within this range we expect the low of the same-colored wave (2). We consider it 37% likely that a higher high of the magenta-colored wave alt. (1) will occur.
Fiserv has retreated a little since last Thursday. We now consider the high of the turquoise-colored wave B to be in place and expect a sell-off to below $120 in order to complete the magenta-colored wave (E). A drop below the $130.74 mark should provide important downward momentum along the way. However, the 30% probable alternative still needs to be considered....
Hey traders, noticing a lot of top crypto coins are breaking out of these long down trends. Could we possibly be coming back? Big volume, surpassed previous overhead supply. If we can hold here and pass the initial level drawn out, this would further confirm the new uptrend. Keep an eye out on quality crypto projects. Could be making a comeback!!!!
ETH is testing and looking to flip where it has been ranging for almost the entire month of June from a technical standpoint. If we can flip and retest this level I feel comfortable opening a long position here.
The current defi craze is also making me lean very bullish as everything runs on ETH so some of that value will be captured no doubt with people...
This is fascinating...The progress from before the 20th century may have topped. Not wanting to be doom-and-gloom, but notice DJIA has reached the resistance line AND the VERY significant fibonacci ratio of 1.618. This is the golden ratio of phi. If this is correct, the decades which follow may be painful.
FI seems trying to break out a downward channel formation. It has very strong Twiggs money flow. We think it has very good upside potential.
* Trade Criteria *
Date First Found- April 26, 2018
Pattern/Why- Downward channel breakout Long
Entry Criteria- $7.19
Exit Criteria- $9.24
Stop Loss Criteria- $6.63
Indicator Notes- Very strong Twiggs money flow index...
Looking for market to find support around the .618 Fibonacci retracement level in line with previous structure. Lower timeframe confirmation needed, don't blindly enter
As the chart suggested, Fibonacci levels 0.382, 0.5, and near 0.7 happens to be the liquidity areas. Possible to add or close contracts according to those levels.
Seems like correction is over at the top of the channel with the red candle testing it and negative div on MACD. Looking forward to breaking next important support area, after 2 attempts failed (first one after finding support on 0.382 fibo level and second one when testing the bottom of the channel).
After a new low at the end of bear cycle, market corrects in 2 waves to 61.8% from the previous bearish cycle. The bearish cycle in this chart begins after 3 requirements are fullfilled:
1. Break the bullish trendline of the correction from previous bear cycle
2. Break down the last month's daily EMA so that it becomes resistance
3. RSI breaks solidly the 40...
