Experimenting with Fib Spiral Channels on APPL. I'm curious to see how it will played out in a couple of days. Hope you like the idea.. Cheers, Keops
Applying the fib spiral we are able to see that once a bottom is in for BTC the widest points of a fib spiral can help us time our trades during a bubble. Its helpfulness is somewhat limited by not knowing for sure that a bottom (point 1) and break out has occurred (point 2). However if a new all time high is achieved then setting a line (point 3) at the outside...
EURUSD retracing towards support levels after today's spike action reaching 1.1290 target. Retracement is normal as algorithms take out long stops at lower levels. When enough orders have been taken out, expect a price action rebound towards the upward sloping trendline & retest of 1.1290 barrier.
--- Please readjust the scaling so that the spiral sits just above recent price action --- We are still in the process of consolidation. In my opinion, the recent drop should not be interpreted as a meaningfull breakdown. It's still within the acceptable range. Price bounced of the longest possible MA at 222 (using Bitstamp due to good historic data). A break...
Hi -, presenting my weekly spiral chart. as you can see blue and green spirals marked perfectly weekly trend reversal zones. Keep in mind that selected red spiral anchor points are not 100% valid due to structure complexity. Cheers.
As you can see the blue spiral is drawn from the beginning and end of Wave A, and on a 1:1 scale, hits the peak of Wave C perfectly. This spiral ended up being a very good resistance level in this position at this scale. So with that knowledge you could expect that it would continue to act as resistance and that Wave E will probably not go past it. Based on...
Expecting to reach 95.72 breaking previous high of 95.48. Right now DXY is oversold and we are seeing higher lows and higher high's. Following the long term trend the pattern is clear.
After finding a bottom on Friday morning around 1.24205 and pumping to 1.24859 shortly after USDCAD dropped to 1.24425 on Fridays 5PM close. This pair specifically has been making higher lows my target for taking profit is 1.25909. Also this pair looks very oversold. I went in with a take profit only and no stop loss on Fridays close.
This chart uses the Fib Spiral. The spiral is anchored at the 1976 pivot low of $101.00 for gold. In actuality, there are multiple Fib Spirals which appear on the chart. For me, the areas of particular interest are where the 5 red arrows are pointing. Four of those arrows point to times beginning in August of 2013 where the price could not break out above the...
I wrote previously about the possibility of WTI Crude Oil being at or near the low. Since writing the original WTI hit $43.58 and has bounced to just shy of $49.00. This chart is a fib spiral anchored to the $10.49 low of late 1998. This chart actually has a series of fib spirals drawn on it and all are anchored to the late 1998 low. As you can see by the black...