1 : LTC in daily chart is an incremental triangle pattern, and its BREAK OUT has been successfully created 2 :The end of the breakout created is a dojistar that indicates market confusion and indicates the end of the downtrend. 3:Trend in fibo failed to break the 38.96 support line and is a valid support, and if the trend can break the 42.8 resistance, the...
Is the low in? That's the question everyone is asking themselves... It's difficult to come up with a good answer, one may be able to respond based on fundamentals, elliott waves, past corrections etc... But nobody knows for sure, and there is no best practice or highest probability that can aid you to get the correct answer to that question... The question that...
This is just my calculations using Fib circles and Fib lines to guide me on the possible next few weeks' outcome for Tezos. This is just my opinion and not meant for trading advice. Please do your own research and understand that this market is extremely volatile. Given that the Bitcoin halving is just weeks away I believe we could see a move to the upside with...
Retest of a long downtrend channel. If it bounces at the top, next target could be around $190
As you can see on the weekly chart fib, we have reached the .618 retrace of the crash and do not need to rise much further. A safe entry would be waiting for a bear div at the top of the wedge or a test of the .618 fib level at 7800.
As you can see we are in a downtrend, price has recently respected key fib levels and pushed lower, we are at a minor support level atm and i expect in the early sessions next week to see some relief and a retracement to a higher support area where I will be looking for shorts.
RISK:REWARD is a bit crazy but you get the general idea.
usdcad will go down down down and down again. Fundamental is key everyone, numbers dont lies. Bearish pattern on mutli time frame.Cad will get stronger anyway. Cheers to many pips
Still targeting 240 level to watch for chance to take a long position. An extended flat A B C has C going beyond the ending point of A. Again, will watch price action in that zone for a position for Wave (C) up!
EUR/AUD May fall 50-100 pips Price moving in a downwards trend near support at 1.7831 and unlikely to hit resistance at 1.8219. Price should bounce off the trend line and continue downwards. Intraday - 4H Trade: Sell Entry 1.7782 Sell or Below: 1.7831 Target TP: 1.7730 & 1.7532 Pivot and Support 1.7831 Alternative scenario: Trade: Buy Bur or Above: ...
EUR/CAD May fall 50-100 pips Price is forming a symmetrical triangle and may consolidate further before a breakout. Support at 1.5510 has been broken previously, overall the daily trend is upwards but a recent down trend could take price to further lows. Intraday - 4H Trade: Sell Entry 1.5491 Sell or Below: 1.5510 Target TP: 1.5439 & 1.5352 Pivot and Support ...
Many countries are releasing stimulus right now increasing Singapore. I think it will help boost the economy slightly. However, based on Fib retracement, a good entry level for S&P500 ($1705-$2350). A Fibonacci retracement is a term used in technical analysis that refers to areas of support or resistance. Fibonacci retracement levels use horizontal lines to...
EUR/USD May fall 70-100 pips Insight - Price has formed a symmetrical triangle with price pushing upwards against the overall downwards trend with support at 1.0738 and resistance at 1.0827. Price can be pushed in either direction depending if support or resistance is broken first. Intraday - 4H Trade: Sell Sell or Below: 1.0738 Target TP: 1.0651 & 1.0565 Pivot...
Potential break out trend line on 61.8 fib retracement. Finishing reverse shoulder/head/shoulder pattern. AstroFX student Vlad