This is not fanatic mumble-jumble price prediction. Price target regions are based on Fibonacci extensions from previous lows to new ATH's.
This worked 100% from the beginning of XRP's life.
To achieve these targets, a lot of things have to happen.But it's possible.
Candle pattern is for entertainment purpose only.
No dates are attached to targets.It could take...
AUDJPY CORRECTING FROM IT'S PREVIOUS BEARISH IMPULSE AND DURING ITS CORRECTION THIS PAIR HAS FORMED A RISING WEDGE AND
SOME RSI DIVERGENCE.
SELL ON BREAK AND CLOSE BELOW THE LOWER OF THE WEDGE PATTERN
TARGET 1 IS BASED ON AND TARGET 2 IS A CONFLUENCE BASED ON 1.272 ON THE FIBONACCI EXTENSION AND 100 ON PROJECTION
This chart is clearly based on Elliot wave theory and represents my humble opinion of where we are on the daily chart. I believe we are in the B leg of an ABC correction within a 4th wave, will top out soon, and descend into the Fibonacci extension region denoted by a target symbol to complete the C wave before embarking on a 5th wave up. For the record GLD should...
if first blue A-B-C = (A) or (W), second blue A-B-C=(B) or (X), then we can expect wave (C) or (Y) to follow.
e.g. Green 1-2-3-4-5 = (C) or pink A-B-C = (Y)
We know that
Wave (C) of a flat usually between 100% and 165% as long as wave (A)
Wave (Y) of a double zigzag often about the same length as wave (W) (or common Fibonacci ratio o.618 or 1.618)
Good day Traders
Bitcoin is retracing after a few days of battling that DMA50, whilst watching a new episode of paint drying, and no volume follow-through. We're now on the verge of a temporary bearish crossover between EMA15 and EMA200. See the 2 screenshots below of the S&P and DJI which shows the last time we had a downward cross of EMA15 and EMA200 in those...
I know im Trippin hard on These patterns atm, but they add up so niceley--
the Thing is im makeing several options, so im Ready if something changes… in this scenario, i got a big Inverse Gartley from above, if the second smaller pattern is a Cypher pattern instead of a Gartley , the Targets would fit into eachother in a shocking way, so ima Keep an eye out for...
i took fibs from last cypher, and added them in, ist not percise yet becouse alot of fibs are taken of fibs in empty space on the new fractal part, so ill have to adjust as Price gets there ;D have fun
looking at the RTY/IWM index to hit 1532 this week according this time and price analysis. Additionally this lines up with the 1.27 Fib extension of the prior price swing. however there is resistance at the 1519 level to keep an eye out for.
PRICE CURRENTLY IN IT'S CORRECTION STAGE AFTER THAT HUGE BEARISH IMPULSE.
WAITING FOR PRICE TO BREAKOUT OF THE WEDGE.
WARNING: PRICE CAN GO ABOVE THE UPPER BOUND OF THE WEDGE AND CREATE ANOTHER PATTERN BUT THE SUPPORT LINE OF THE PATTERN WILL STILL REMAIN VALID.
TARGETS BASED ON FIBONACCI CLUSTERS
The Price is forming a symmetrical triangle so we are expecting the Price to break the trendline and continue the to a bearish trend. Because the price has prevoisuly rejected the resistance zone
RSI and MACD divergence is shown in the graphic
Fibo extensión shows us a good possibility to go for a short position
Played out pretty good didnt have to move a lot. I would surmise we have the 5 of the 5 to complete, then a retrace. Divergences on the the daily and below on mex. Channel and Pitch for are ON FLEEK as the cool kids would say.
It looks like wave (5) is an extend wave that equals to approx. 2.618 multiple the total distance from the beginning of wave (1) to the end of wave (3).
If the recent high of 445.88 is the end of wave (5) , we could expect a large correction to unfold in the next couple of months or even years e.g. (A)-(B)-(C)