I have always studied and monitored price action against Fibo levels and providing the markets trend and do not reverse the myth of Fibonacci works for me... Here is a daily chart showing the recently completed ABCD pattern...A - B boundary completed and a C shallow pullback correction formed. This offered an extension target at the 1.618% (1.24978)...notice how...
Bearish BAT pattern is setting up in a well established downtrend. At BAT completion, many fibs levels are lining up defining a nice kill zone.
Chart: Manual System based on Elliott Waves and Fibonacci. Aqua line is Main Pivot. Status: Waiting for a pullback.Wait for Price to cross through the Red SMA 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.
Chart: Manual System based on Elliott Waves and Fibonacci. Aqua line is Main Pivot. Status: Price did cross Fat Red SMA. Waiting for a retracement. 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.
Hello again, Here I'm taking a look at Apple stocks once again. Nothing unpredicted, As you can see from my previous idea I highlighted a zone using fibonacci relations for the price reversal. Now I has bounced off of that area. We're currently sitting in the A leg of an ABC correction move. If you're a short term trader you can look for shorting...
Chart: Blue line is Main Pivot. Update of Templates. Red Lines are NSL = New Structure Lows from the left. Expectation: After Draghi has spoken Euro has broken NSL. I draw more NSL in and we have to wait, if more NSL will be broken. Status: Wait for price to cross through the red fat SMA countertrend to traitset trend. Comment: Normally i trade on Metatrader 4,...
This trade idea is the once in a million years one. I still can't believe my eyes when I see these crazy confluences. First EURJPY started a 5 wave down move which I marked on the Daily timeframe with the green elliott wave lines. Then it completed the whole down move and started to retrace the whole down move as an ABCD move to the upside. For this it formed...
USD/CAD has completely and violently reversed it's large leg down in June and has given a shallow pullback. Price continues to consolidate, but is grinding out higher highs. Look to buy a pullback to the small median line and support/resistance line in red. Stops should be placed under the swing at C. Profits should be taken into the larger upsloping median...
Hello again, This time I'm taking a look at AAPL chart. It has shown an unbelievable move to the upside since god knows when. But what concerns traders in these situation is, when they see tremendous moves in a direction, they get both scared (that it might end and reverse) and greedy (that they're missing out all these huge profit). Now I've done an elliott...
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...
This idea is based on an experimental approach I have been working on using Median Line Analysis and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart along with specific targets. If you are going to copy this setup please do so at your own risk. Good Luck
I found a nice Fib-Retracement at 61.8% line. If the price will cut the slow sma´s and then go down to the 161.8% line i will look for a long signal. Be kind with me it´s the first time of sharing my thoughts. Sorry for the bad english. Let´s see how the market goes or wants to go. :-) Regards. MacMorris
Idea is based on a combination of Elliot Wave theory and fibonacci ratio's. The rationale behind this technical analysis is shown on the chart along with specific target. If you are about to trade this setup, please do so at your own risk. Good luck!
Idea is based on a combination of Elliot Wave theory, Median Line Analysis and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart along with specific targets. If you are about to copy this setup, please do so at your own risk. Good luck
Idea is based on a combination of Median Line Analysis, Elliot Wave theory and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart. Good luck
Idea is based on a combination of median line analysis and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart along with specific targets. No more stop losses in my idea's. They have been hunted too often lately. If you want to know those...PM me. Good luck
Idea is based on a combination of Elliot Wave Theory. Median Line analysis and Fibonacci ratios. The rationale behind this technical analysis is shown on the chart. If you are going to trade this index according to this idea, please do so at your own risk. Good luck
Idea is based on a combination of Elliot Wave Theory, Median Line Analysis and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart. If you are about to copy this setup please do so at your own risk. Good luck!