So I made a simple chart. This time I went to look at the btc log chart, with some fib fans, fib retracement zones and ichimoku clouds. On this TA I draw the 2 possible outcomes that are around the corner... one of these outcomes will happen and from what I've been following, there will be for sure a bullish move soon to test out higher resistance levels (and...
If you don't use this tool, you really need to. This tool beautifully outlines the vast majority of the various support and resistance zones you will see on a chart, even between the major horizontal zones! Works magic for short-term trading! Combine it with a Fib retracement tool too. Hint: - Start with logarithmic scale on your chart. If that doesn't work, try...
Can't predict the rumors or news, but from a TA standpoint this would be interesting : )
If today fed hike rates, then hoping for Gold to reach 1179.51 and then will eventually rise up. but slow rise.. But, fed can also extend their decision for next month, so a stop loss of 1211.68.. Summing up all... CMP 1200.33 Target 1179.51 Stop Loss 1211.68
1H Fib Fans for USDJPY includes the Bull trend starting summer '16, Bear trend starting December '16, and Bull trend starting this month.
On my previously published fib fans, I was unaware that as you changed time frames, the placement of the fans became inaccurate. So this chart is worked solely from a 1H point of view and reflects both the Bear and Bull markets of 2016 as well as the new Bull market of 2017. I had to remove the prior 2015 trend due to the inaccuracies.
From the looks of it, the next day or two will be very important for Gold. If we break the 2016 down line, the next major point of resistance according to these fibfans will not be until about 1280.
I cannot predict what will happen after Yellen speaks, but this is what the chart looks like to me. Short this week then back to long on Monday.
CADJPY has entered the PRZ of a series of bullish harmonic patterns in an area of strong support. The PRZ, which is formed by the combined reversal zones of a bullish bat and crab, may also be tested near the .5 Fibonacci speed fan line for an added level of time-based support. On a larger TF, a bullish AB=CD pattern is complete in the center of the PRZ. There...
EURUSD may potentially complete a pair of bullish harmonic patterns within a very tight PRZ. The PRZ is confluent with a horizontal support/resistance zone and depending on timing may find added support from the .5 fib fan taken from structure low to structure high. SL is placed beyond 1.272XA with targets at .382CD and .618CD retracements of the bullish...
Chart: Manual System based on Elliott Waves and Fibonacci. Aqua line is Main Pivot. Status: Thin Gold EMA did cross Red Fad SMA, now the price must go more up to come closer to our short trigger. Let´s see how the next day´s will perform.
Status: Waiting for more move of price down to yellow line. Comment. Blue line drawn is only for illustration and did not exactly match the movement of the price. Regards. MacMorris
Chart update. Change Timeframe from M30 to M57. Now waiting for a pullback of price to see if we can get a new short trigge to get short on Daily Timeframe. Regards. MacMorris.
Chart update. Looking good for now. Regards. MacMorrris
As i said in part 2, the price has cut the slow sma´s at least the red one The price has moved down after the cut. Now we have to wait for a sufficient pullack and then i will look for a long setup. Regards. MacMorris
After doing some research on Fib Fans I found the way the fan tracks this movement to be almost a text book recipe for what will be a bullish head and shoulders reversal. The lowest low is obscured by the volume bars, i apologize… However, I believe this is a fair outlook that supports the theory that we should see this bearish trend die. Ideally for bears we...