This chart is loosely based on Carolyn Boroden's work with 'Fib Clusters'. I have plotted the 0.5, 0.618, 0.786, 1.272, 1.618 and 2.618 fib lines from every swing low to each of the next 3 swing highs (since the start of the bull). I've also got a $20k - $6k in there aswell. I find it interesting to see how at the $11.7k double top, price was rejected by a tight ...
Daily FIB 0.886 aligned with 4 Hour 0.50 FIB. Price is struggling to break this level. Retesting previous resistance, Demand Zone.
Descending triangle forming. Watch for breakout of upside or downside.
Waiting for retest of either direction breakout. Anticipating breakout to the upside.
AUDUSD Expected to Trade within a RANGE of Consolidation accumulating more market interest between 0.76 and 0.745
This 150 pip range seems to be reasonable given the average daily volatility on this FOREX Asset
Looking for a break out to confirm directional bias
Weekly: Price is approaching a Weekly Supply Zone that served as a previous 2x Top Neckline, it also wants to possibly retest the broken weekly triangle support trend line.
Daily: Price will be looking to complete its extended 5th wave. Bearish Divergence.
4 Hour: Price broke through the Daily 0.27 FIB and is currently retesting it, if it breaks through the 4 ...
EU/USD is showing signs of a possible short setup. After an upward push to start the week during london session, price is looking to test a fresh supply level, where it dropped hard and fast for 80+ ticks. Given that this is the first test of that level, I expect a bearish rejection. Additionally there is a fibonacci cluster zone in the supply zone as well as a ...
A few confirmations line up for a potential bearish move in GBPUSD:
- Harmonic shark bearish pattern
- Fresh supply level test/rejection
- fib cluster with 200% extension and 314% projection
This in addition to the US dollar index finding support at a fresh demand level is my reasoning for a bearish bias. Looking here for a 4:1 reward:risk trade, with risk just ...
Bat Pattern with near perfect Fibonacci levels, Fibonacci retracement/extension/inversion cluster & Trendline confluence on the WEEKLY chart. Chance for a major swing trade in the future - keep your eyes out.
Price retest the resistant area with confluenced pattern and fibo cluster.
For entry strategy we can see on the small TF that price breakdown the trendline and now retesting the structure area.
while everyone is banking on bitcoin to go down, I on the other hand believe that there is a strong possibility we will go to 13200$ before we continue our down trend. This is purely based on Elliott wave theory with Fibonacci and not factoring in other technicals, moving averages or news .
Target 1: 10,800 $ (pink number 1) strong Fibonacci confluence ...
Since the beginning of the year we have been in a very strong downtrend, but technically the trend has turned bullish on the 4H-Chart as soon as the Blue Structure level was violated after forming a Head & Shoulders.
Since the breakout the price has been in a strong upward movement until the RSI became extremely Oversold and on the next resistance in Green. Since ...
Several factors pointing to potential bearish directional turn for EURUSD:
- Fibonacci cluster zone with 127.2 ext., 61.8 retr., 161.8 proj.
- High volume node retest as resistance
- retest of Weekly Supply zone dating back to 2014
- short term supply zone from 2/06/18
Looking for a higher risk reward on this trade with risk above 1.2440 and targeting 1.2080
Taking a look at GBPAUD we see a few indications of a reversal and continuation to the downside:
- Elliott wave completion of 5th wave on daily time frame
- additional shorter time frame elliott wave completion on 4hr.
- Fibonacci cluster zones lining up at fresh demand levels
- Rejection of fresh Supply level at 1.80
- Bearish engulfing pattern to close the ...
a few indications of a bearish move
- elliott wave 5 completion
- bearish cup structure
- price channel resistance test
- whole number resistance at 1.80
- fibonacci cluster at resistance zone
- fresh supply level test
Looking for 3:1 reward:risk on the setup with risk above the 1.80 price level