Assuming the bullish thesis laid out in my previously published posts (linked below), this is my current long-term count for Altria.
With wave I of cycle degree being the longest, wave V must be shorter than wave III. This only limits MO to ~$103.44 for a move measured in price. On a percentage basis there's plenty of room to run as long as it's less than 1603%!...
NOTION VTEC BERHAD (0083)
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EURHUF nice retracement on 0.5 fibonacci and now it's looking for a new impulse
According to Plancton strategy, we can set a nice order
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Price has touched the 61.8% of the first impulse move.
I will open a buy position here.
Anticipating price to go to the upside ~ 250 pips.
Price will need to break thru intermediate resistance for me to ride the trade the full long position.
If price rejects, I will take profit at intermediate resistance level.
USDCAD has found strong support area near the penetrated descending trend line and the 38.2%
In the short-term, the outlook seems to turn slightly bullish after the jump towards the 1.3325 resistance and the momentum indicators are holding in bullish area.
Fresh risk aversion, weak fundamentals elsewhere add strength to the US dollar.
NZD/USD extends downside following NZ PM cited downside risks to the economy due to China's coronavirus.
In Asia session the Kiwi moved back into an area of support for which bulls will be looking for a test of the supply commitments from the bears, with a target of the 0.65.
Fibonacci Projection showing price action for managing profits & not for entries or reversals.
EUR/USD remains firmly in bear grip
The EUR/USD pair came under strong selling pressure in the early trading hours of the American session and touched its lowest level since April of 2017 at 1.0786 before staging a rebound.
A confluence of the 0.75 fibonacci leg and two previous resistances dating back to 2017 now can become the new support levels for SNAP. A worse than estimated earnings report could push an already halting uptrend. I'm short with 1:2 R/R ratio with SL @ 19.20 TP @ 16.50
Merry Christmas everyone and happy holidays!
Welcome to another analysis, this time on the EUR/USD pair
I use fibonacci retracements to look for support/resistance levels. I prefer to see prices respect the fibonacci levels from start to end.
What im looking for is a retracement of minimum 38%, once this criteria is met I begin to plot the fibonacci projections...
Here we see EURGBP in a descending channel with the sellers in full control, forming lower highs and lower lows adding selling pressure to the market. Now we are trading in a small expanding descending channel, suggesting that the sellers are stepping out and potentially booking their profits.
This gives room for a bullish scenario, and im speculating that the...
Welcome to a weekly outlook on USDJPY.
Here we are going to come up with a clear picture using my personal experience with technical analysis.
I have spend countless of hours looking at charts, trying to come up with a reason for price movements. For a long time I thought, if you had the ability to forecast the markets, it would automatically turn you into a...
I am going to experiment with a split chart . Hopefully it's easier to follow. We will see. If something changes, I'll add updates.
Most of those Fibonacci price projections are from the previous TA I published last week ().
Those are still important and have a major...
1. We have hit all 3 targets as predicted and stopped at 61.8% retracement from ATH to ATL, R3 W1 pivot, pitchfork's warning line
2. We are still in up trend and correcting on a higher timeframe
3. Possible top with further bearish continuation
4000 years of peace have passed in the Galaxy under full control of the Empire and basically nothing...