Chart: Manual System based on Elliott Waves and Fibonacci. Aqua line is Main Pivot. Status: Waiting for the first partial target :-). The "Eyes" show last checked status Comment: Normally i trade on Metatrader 4, i am trying to convert to TradingView so Signals are only illustrative till i have convertet the templates from Metatrader to TradingView.
I've formed a new bias on eur/usd - in my opinion it's likely eur/usd is going to retrace after all it has been plummeting since 2014-05-08 and we are also a at a pretty big resistance level (to see that you can squeeze this chart or take a look at the weekly), we now how a possible double bottom with bullish divergence, massive one. So now may be the time...
Hello guys, After the recent break of crude oil out of a really lengthy consolidation phase (Triangle), as anticipated we're seeing lower lows ever since. This trending environment makes every Elliott Wave trader happier than any other time. In the previous 14 days we've been sitting in the retracement of the recent down-move. We're heading towards a sweet...
I'VE COMBINED A NUMBER OF STRATEGIES TO GENERATE THIS IDEA BUT ALL ARE PRETTY SIMPLE. THERE IS A PATTERN FORMATION TAKING PLACE. I'VE PLACED THE D POINT AT A STRONG LOOKING SUPPORT THAT I'VE ELLIPSE TO THE LEFT, (YOU WILL HAVE TO SCROLL LEFT). FIB RATIO CONFLUENCE IS WHAT IS USED TO GENERATE THE PRICE MOVEMENT, ALL THE PULLBACKS ARE SOLELY ON THE 50% BECAUSE OF...
A good example of how price and time follow some FIB based patterns. Notice how the 38.2% retracement was achieved in the 3rd FIB time zone. Also note how we are approaching the 5th time zone and bouncing around the 61.8 level.
Just 3 days ago published a chart on HIMX. From there stock went down and then up more then 10% to exactly the 0.38 fib line. Plotting fibs on HIMX shows that it just loves it - on an up trend lookout for 0.618 fib - seems to be a good place to retract, just like 0.38 and 0.5. Also, i missed on the last chart the current up-trending channel. Connecting recent...
MOS just bounced off the the .754 fib and the trendline. When price approached this area volume increased, and overall volume began declining since the initial decline in July. I am purchasing Dec 50 calls
2 Weeks ago we were caught up in a nasty range for EURUSD - which in this chart I've marked it with an "abc" correction for the previous down move. After that we continued falling down and as you can see I've marked the 5 wave sequence for this fall. Now the interesting part that I noticed right now, I've drawn a fibonacci projection for the wave 1 after I...
Another beautiful little Fib setup. if you measure the distance of AB, that distance will equal what I drew as CD. This is what you are looking for. The level here at D ($11.30-$11.40) is also the 50% rertracement from the drop at the end of last year. I always like to use the 1.618 extension, however, JCP retraced to the 50% level (not the 38.2% level) in this case.
Everything is explained on the chart but to explain a little further: 1. Very, very clean AB=CD pattern setting up here. Couple more pips down and it closes perfectly. BC leg retraced to 0.382 fib on the dot. 2. There are 2 major, daily structure levels surrounding the current position. 3. The AB=CD pattern closes on exactly the 0.382 fib retracement of the last...
thsi area is multi weeks high beinf flushed , also a confluence of fib and big channel top
Price just broke out of a range, in addition to breaking a Fib retracement drawn from last July. I am looking for a pull back before adding to my short position (short began at 1.3895 4/11/14)
This seems like the most likely reversal point and has 5 good reasons: Notice the convergence of 1) upward trend channel lines, 2) downward trend lines 3) support/resistance 4) a round price point, $123.00 5) Major recent hi/low fib support.
Price has retraced to the .764 fib, (most recent high) and has remained in a range just below it. Price is currently bouncing off the .618 fib and the RSI has failed to reach the 70. mark, and continues to move lower, creating bearish divergence (see chart) first target is horizontal resistance at .9217 which also coincides with the .5 fib level. A break of...
The Yen has been building in strength through the summer. Here price has entered in to a small range(within a larger downtrend), with price being rejected at the .618 fib retracement and the resistance line, which created a confluence of resistance. Recent candle wicks show rejection at the 101.800 level, so I suspect this retracement may becoming to an end. ...
Carefully adjusted fibchannel and timefibs. Allignments of price and fib channel are marked by yellow lines (scale out to see more allignments) 0.618 - 0.764 time fibs mark a potential breakout area. Next weeks I expect moves within the red diagonals, less volatility, smaller trend angles on downmoves, short: sideways. So moon rally likely to start in august.
We are apparently sitting on an older trendline that seems to be still in effect. nibbling off the 23.6% fib line effectively forming an ascending triangle. if you extend this trendline it crosses my 666 target right around the 3x timefib which is based on the uprun marked by blue vertical lines 0 and 1. line 3 is after 3x the amount of time between 0 and 1. The...
Check this out guys ! the mean for this cycle is around 608. thats where the triangle is closing. also price rendered around the same area above and bellow the mean. also price fell bellow the mean exactly at the halftime of the triangle ! isn't this stuff fascinating :O alltogether this "means" xD that something big is going to happen on or maybe before the 9th...