The price formed a rising wedge. We expect the price going to break to the downside. We are looking for a retracement to a 50% fib zone of the Fibonacci extension. Target: 1.081 Entry: 1.114 S&L: 1.124
Thinking ALGO ran The Fib extension gambit here all the way to $3 back in Aug 2021. (luckily some of our members took part in this move as I alerted the buy around $1 I think back in July 1 month prior) since then Algo stays inside 1 brutal correction and I'D say .53c gets tested B4 we can resume the run. But the wick to .67c bottom channel TL does show massive...
I think OMG has what we call an Irregular top pattern in EW. This is when the 5th wave finishes & the ABC correction starts but wave A is very shallow , fails to correct the 5 up. This leads to the B wave extending higher than the 5th wave & then the final C wave moves to correct from the top of wave B. I also think we had a classic 1-2, 12345 wave extension which...
1. 4hr Chart 2.) Uptrending after reversal. 3 Moving Averages 21 / 50 / 200 and Fibonaaci Extension Level Targets (mid term) 4.) Gann Fan and Gann Fixed Box for trend levels.
Elliot Wave 5 cycle complete in Downtrend Fibonacci up extensions wave ABC to follow to 50K
The chart pretty much speaks for itself. It goes back to inception, with a focus on the last halving cycle and this one. Relatively convincing fib extensions have the 0.618 from last bull cycle hitting the bottom of the most recent bear market. This trend has existed every cycle since inception. The 0.618 fib extension of a bull run is the bottom of the next bear...
Algo will push soon. There is a bigger move incoming. Daily looks strong
Chart looks a bit noisy, but I'm testing out the Trend-Based FIB Time Indicator, hoping the retrace will bounce at its 1.0 marker. Further confluence of this present, as this point is also where the 50EMA, top blue CPR and a longish-term green trend line all meet. Channel break DOWN measured move meets the 100EMA and red CPR line. If there's further...
My overall bias has been bearish but having said that I trade level to level, day-to-day, and will change my mind if we invalidate key levels to take us out of the current bear market. BTC is showing bearish momentum and a very bearish market structure but that does not mean we can't look for longs. After the perfect .618 golden pocket rejection at 48k, we now...
Betting on a move down back into the PCZ and beyond from here based off the bearish divergence and candlestick pattern at the 200 percent fib extension.
All productive feedback, suggestions and open discussion welcome. *Detailed supporting screen caps to follow shortly FX_IDC:AUDUSD AMEX:FXA * All text below is cc of above chart text. The Unfortunate Yet Fierce Bear Case. *Disclaimer: I'm Australian & taking financial action based on own prescriptions.* -Fortress/Draconian Cvd19 Australia ...
I would like to see FTT undo all of it's gains it's gotten over the last couple of weeks before thinking of entering a bullish position on this one again.
We have bearish divergence and RSI and MACD so my bias is to the downside.
Join me and become a Fibonacci Maximalist. Thanks be to Leonardo Bonacci and the Italians. All my sells are at 360-400k. All glory to God. Updated version of the related idea below:
Spy can continue running as i expect huge earnings from $TSLA $AAPL $MSFT $GOOG $AMZN $FB Buckle your seat belts its gonna be a wild ride.
Looking for a second entry on EURCHF. A potential 1:15