The last 3 days have spooked some investors who think this is the top and now we're in for much lower prices. That may be true, however from my viewpoint, the trend has not changed. We are still trading well above the cloud on the daily. We are flirting with a bearish cross over on the 4H 50/200 and already crossed on the 4H 50/100. However, If you step back and...
Condition:
1. Downtrend line was broken by breakaway Gap (G1).
Start a new trend.
2. double bottom reversal pattern in Weekly demand zone
3. Fib# 0.382 retracement,
4. demand zone.
Entry in demand Zone: below 92
Stop: 90
Target1: 97; risk/reward=1:3
Target2: 103; risk/reward=1:5
DZ2: This is a better demand entry, and match Fib# 0.618;
If it is a...
XAUUSD has been trading in a complex correction since hitting the 4th of September high. We can now count a complete Elliott Wave X-Y-Z pattern. The 1445 - 1455 area has provided good support / resistance in the past and the 38.2% retracement of wave 3 comes in at 1447.
We have bullish divergence on Stochastic indicating momentum could be shifting to the upside...
ETH is currently pulling back into support which coincides with the 50 MA. The 50 MA has been acting brilliantly as support.
As further confluence we have a 61.8% fib retracement within this zone and good support. This is looking like a great entry for trend continuation.
As everyone knows the crypto markets are a bit different about the normal market and when fundamentals of bitcoin brings money into BTC,1st step that the altcoins are doing is to lower their value acording to btc,we expect that in next 2-3 weeks the income of capital that came into bitcoin to be moved in alt coins,we should take in consideration that OpenANX is...
This is just a small post if you want to know when to start looking for possible entries.
Of course, because of the lag of data, there is not much we can do here.
Therefore, this would be a high-risk trade.
However, I think we could see some sort of reaction of the green area.
Please note below important points and levels
Used Fibnocci to check levels for 61.8
Important support zones : 8200 & 7737 if broken we are down
to feb and april bottom
Important resistance level 9730 if we cross this, we can
take a deep breath and sense start of bullish trend.
Above 7737 we are in safe zone... but danger zone.
If you liked by analysis, dont...
hello again!
i would like to share to you my simple idea on BTCUSD.
From the 4hr graph, we see that they have just tested the $9500 resistance level, if still fails, expect it to fall to around $9000 levels.
If it breaks that resistance, expect it to go up till around $10K!
Black lines are support
Red lines are resistance
also, the RSI levels still isn't too...
We are currently in a larger scale wave B, which is coming to an end. Although the most likely target is highlighted, wave 5 could extend beyond the trend lines up to the higher target line. The waves here have a 3/3/3/3/3 structure as opposed to a 5/3/5/3/5 structure seen in general impulse waves.
This is solely based on previous performance of LTCUSD pair, using Fibonacci projection.
Last time when the price hit 420, that was Fibonacci projection level of 4. If we use the same level, we will see $1646 Litecoin very soon.
Hi Freedom-Traders,
I wanted to share with you my bigger picture analysis on the AUD-CAD daily chart for a high probability trading idea.
If you find this analysis useful, hit the thumbs up botton to support my work. Thank you.
The edge in this trading opportunity does not only come from the confirmed bearish cypher pattern. It is also backed up by a...
Price broke resistance level few weeks ago. Now is testing this resistance level like a support level, if bearish price stops in this level, we can project price till the next resistance level.
Price has strongly broken above 1.71500 and has currently held very well. We can also see a bullish continuation pattern off the price level of 1.71500.
I will be look for a target of 1.75000 for the up coming week , if we manage to sustain above 1.72000.
We have also had a fairly good bullish close to the day on 20/01/2017 which adds to the long bias. Trying...
Oil price bouncing of the 61.8% Fib level, UC bouncing of the 127% extension..
TP1 38.2% fib, TP2 50% fib!
Good luck!
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