Confirmations for Cypher Pattern:
- A to B must touch 0.382 but cannot exceed 0.618
- B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension)
- C to D must touch 0.786 of X to C
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)
Look how X to B distance is 0.384 (around 0.382!)
A to C distance is...
Updated idea of BTC for long term
Tips are welcome to this BTC address: 1KYDPJ4XEribrakTSTnTrEX4C3syhcFxpo
Its just my opinion, don't take it too serious
This is not financial advice nor a fact that
this pattern is going to happen
we have many reasons to enter an easy buy off gold, WE HAVE A HEAD AND SHOULDERS on a 4H, We have a trendline touch on the daily and off the daily we can come to the senses of the 61.8 touch and a engulfing candle on the daily meaning we still in a bullish trend and on that note we have a daily touch on the golden ratio which is the 61.8 which means we have a...
We have on a daily time frame a sell order that will complete im sure to the 1.27 i usually like to reciprocate the 61.8 to the 1.618 how ever we still are in a bullish trend which will make the trend line and support area a hard area to break and i will expect it to retrace back into bullish before we can break into the 1.618 area which may take some time but i...
I measured bearish impulse by placing 0.236 right below ABCs and we can see how price retraced around 0.618, at this point I expect to sell the breakout all the way to previous support where -0.27 is, with Trend-Based Fib Extension I confirmed area with 1.618 around -0.27.
MACD has a strong resistance at top, which confirms bearish impulse.
Good Trading. -4h Chart
First we got a pretty good resistance with a double top, which means we have a possible 2618 trade:
- double top
- measure impulse
- wait for retracement at 0.618
Double top + 0.618 = 2618 technique
I measured bearish impulse so I could confirm areas with some Support & Resistance and we can see how each pattern or consolidation was formed around those areas, even...
I finally spat the dummy and just created a new chart layout without all the additional indicators displayed below the candlesticks.
Now we have some clarity at last!
If anyone has any idea how to publish an idea with displaying all indicators, please let me know!
As we can see from channels, yesterday we broke below the upwards channel drawn between Wave 4 and...
I've removed several tools I use to make this graph clear.
I've included my minimum target of 2.618 extension between wave 3 and 4 of the supercycle for the next high before we see a more minor correction.
This time-projection is derived from trend-based fibonacci time extensions, and fibonacci extensions.
This graph has been modified to reflect more accurately the ending diagonal pattern.
It also includes a comprehensive elliott wave count, up to the supercycle.
We are in Wave 4 of a supercycle, so can expect this correction to last a while longer yet - even if it does not retrace more deeply, to satisfy the EW principle of symmetry in time & price we would then...
Technically I see the EurUsd unfolding a Triangle Wave 4 corrective pattern that is languishing in nature. The three way pattern we're are counting is expectedly in the wave (c) of a-b-c zig zag Wave C pattern down.
on the 30mins-1hr chart the five wave fall from 1.1961 we believe is corrected by an irregular flat (inblueonchart) that retraces from 1.1817 to...
Here we have AUDUSD hourly showing break retest of pivotal curve at the 61.8% retracement level confluent with a previous support zone. Stops above 0.7950 and final target at D2 extension 0.78150 (-61.8% extension) is a trade I am favoring.
Forgot to press publish by a bit, so optimal entries are sadly fortfeit.
OmiseGo stalled previously and established a lower low in conjunction with BTC. Later a HL was established, which created a new trendline with pre breakout resistance and the previous low.
I have strong confidence in this new low for two reasons, which i will now detail.
4RSI has balanced...
I am SUPER excited about this set up. I have been keeping an eye on this since markets opened this week.
We are looking at a bullish 5-0 on the 4H chart with NZD/USD.
Given the Fibonacci measurements at C point, it has been measured to the GOLDEN RATIO not only once...not twice...but THREE TIMES!
I usually never trade this pattern down unless...
After the breakout of the price through the descending trendline, price moved constantly up and bounced back on the upper line of the ascending trend channel.
Two days ago, the price just responded to lower trendline of the channel and is probably going to continue this bullish movement, heading for the upper trendline where it is likely to reverse its direction again.