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.
Chart: Blue line is MP. Crossing of Green EMA and SMA is showing a valid trigger.
Status: Waiting for first partial target.
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.
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.
I do not trade this pair, but as a educational purpose I see this pair going down in upcoming weeks. I can be of course wrong, but even that if I have to trade it I would consider only to trade it by going to the lower time frames and looking for opportunity to sell.
On the chart we have cluster from Fibonacci lines and also we have similar corrections.
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 ONA COMBINATION OF ELLIOT WAVE THEORY, MEDIAN LINE ANALYSIS AND FIBONACCI NUMBERS. THE RATIONALE BEHIND THIS SETUP IS SHOWN ON THE CHART. THIS IDEA IS NOT MEANT AS TRADING ADVICE. IF YOU ARE GOING TO USE THIS SETUP PLEASE DO SO AT YOUR OWN RISK.
IDEA IS BASED ON A COMBINATION OF: ELLIOT WAVE THEORY, MEDIAN LINE ANALYSIS AND APPLICATION OF FIBONACCI NUMBERS. THE RATIONALE BEHIND THIS TECHNICAL ANALYSIS IS SHOW ON THE CHART. SPECIFIC TARGETS ARE GIVEN. IF YOU COPY MY SETUP PLEASE DO SO AT YOUR OWN RISK. GOOD LUCK GUYS.
I've been watching XAUUSD all week and as the overall movement has been bearish, I've been looking at countertrend opportunities of where profit taking may be taking place and relief moves (retracements) will occur.
On this chart we've just had the last retracement back into previous structure, now the question is where are we likely to go next? Drawn on is our...
Yahoo has produced two high probability patterns that would fit well in a bearish channel. The cypher (purple) formed right after the rejection candle at $32.17 at the 1.27 extension measured from the X to A leg. Price also put in a double top at $39.64. A Gartley pattern (red) shortly appeared right after. The kill zone for the bearish Gartley pattern is at...
Measuring the A to B leg with fibonacci , C slams right into the .382 fibonacci retracement. If the .382 can hold it's resistance and throne, we may see possibility of a bullish butterfly completing at price $12.65, 1.27 extension level.
Although A to B extension 1.27 and C to B extension 1.628 does shows confluence, price may reject these levels as support and...