AUDUSD Berish.Rceiprocal ABCD complted.time price square.
An appreciation of the beauty of Gann box. Netflix goes to a perfect 38.2% deep retrenchment and flip back - creating a possibility of ABCD pattern for the flat triangle. Will it fill the gaps at the bottom that it didn't fill last time? I can see that it will go to 58.53. But before that will it goes back up and fill the gap that it created today before it moves...
The idea of shorting apple came from MikeSer in our conference call when I mentioned the huge gap between $80 to $76. My real target for short is 82 (Fib 34) - but why not make it pass the gap and go to $75 :) That will make the total down turn -44.25%, which is more inline with the other apple pull back. So short Apple at 92 - with target at 82.5 and 75.5? Long...
As you see, Gann line catch all the turning point from this raising wave and finally touch 1:1 resistance line, it is suppose to re-test EMA 7 support, about 1217 before go ahead. For indicator matching, fast, medium, slow indicator make double top re-bounce, and classic price action bearish pattern occur. For DMI, DI+ time to drop cut on ADX, standard bearish...
Fibonacci levels can become powerful ways to find almost EXACT support and resistance levels and also time your trades. I have used them to predict turning points in markets on short time periods but they also are predictive in larger time frames. How to Align Fibonacci Levels: A very good and objective way to draw your Fibonacci levels is to use Gann...
This very simplified chart is underpinned by a complex technical analysis suggesting a sharp decline into the May election. These levels were reached in two out of the last three elections and it looks like history is repeating itself again. My first forecast which was published on 13 March remains unchanged. My intermediate chart of 27th March hit the forecast...
Will we have that final huge capitulatory drop? Or will bulls get their fingers and wallets out there ass? I'll do more of a solid write up later, I'm pretty tired right now... ~ Tooty. (Twitter: @BTCTooty) EDIT. Gann box is off, I have posted the fixed version (starts one bar to the right) in the comments and the write up will follow it.
3 Gann square. God loves the Trinity. Possible will be the third such cycle. Cycles become longer over time and shorter for the price.
Just for the moment the DXY is in retreat and a drop to the 83 - 84 level could be all it takes for the the Euro to push upwards. The higher it goes the less sleep Draghi gets and the noise could finally make him pull out the plug to stop the whole thing overheating. That would make a nice initial wave for a power down. The boys crowded round the 1 hr resistance...
As those who have read my posts on cable will know I am short this pair and here I publish my reasoning. Now I don't think that the break of 1.5880 was a fakeout. We shall see soon enough. I will adapt my trading strategy at the mentioned level.
Short if 1300 will not Hold. Next support at 0.75 of Gann Box.
U.S. futures decline, Alcoa to kick off earnings; Dow Jones down 0.12% ABC retracement elliott wave count pattern forecast + Gann+ Fibo Bearish divergence $12.5 target nov 2014
After forming a double top base around $45, a A-B-C Elliott wave retracement has been in an expanding range. Ultimately the bearish price divergence indicate the swing downtrend is continuing. If that occurs, the next target, and likely forecast resistance area, is between $43 and $42 (0.5-0.61 fibonacci) in 30 days - Gann time