Bullish divergence on 4H. Hidden bullish Divergence on daily. The price has Bounced off the 50% fib level on 4H. Looking for continuation long !!
Counter trend trade, so I’ll be looking out for reversals at key levels !
SWKS looks great on weekly charts in a strong move. we are testing the upward momentum line that I have drawn and I think this week should give us a good buying opportunity
Buy zone / Targets are mentioned on the chart
Close below 107.95 on daily candle may require us to reevaluate are trade
Indicative time for the play : 3 to 8 weeks
the price is forming a Broadening triangle with correctional waves and intermediate waves, minor and minute waves are also in count, this is not included in the chart as is will be too much on the chart..
the price have been in a strong uptrend the last couple of weeks, and a correction to the break of the triangle, can occur any time soon. a short position can...
at the chart we have a rising wedge with minor waves and a rising wedge inside the minor wedge with minute waves. break of the red line with the minute waves can lead the price to test the green line with the minor waves. where a break of the minor wedge can lead the price back to between 12.400 and 12.540, where 12.400 is 0.5 on fibonacci levels and 12.540 is...
The price is at a support level, if this level breaks, than i see the price move further to 1.52490 before further upside. if price manage to break the 1.52490 area, than the price could go further down to test the 1.49960 level. this will also be a trigger for a new analysis as the (4) wave will go below the ending of wave (1)
The price is also in a trend...
I am still learning the markets but a quick mark up of AUDUSD has me lead to believe that the pair will drop slightly and consolidate, before dropping to the macro trend line and bounce off to continue rise.
FBR Fastbrick Robotics (FBR:ASX) Moving nicely LONG on Intermediate Period with a start SHORT for Wave 2 Minor within Wave 3 intermediate.
A good entry point for this stock will be on the completion of Wave 2 on the Minor period to go LONG
Reference to my previous chart here:...
It seems we have a 100% confirmation of TGT (Target) going SHORT on a wave 3 on Intermediate, Minor and Minute Periods. MACD, RSI and Stochastic all show oversold positions and we shall see on next open of market, how far down the price action gap will take us before we see an upwards move on a correction because continuation of downwards Impulse move. SMA also...
We broke down a little overnight for a small pullback surprisingly I was expecting price to retrace to the lows, held a one hour fib to the upside, buy the pullback at the 50% small fib for the 15 minute chart be careful with the top of this channel it will be heave resistance.
Okay 1hr fib has been retraced to the 61.8%, At the current time of publishing stochastics oversold on the 15 minute, overbought on the one hour. This could hold at $44.72 and go lower but we do have a channel support half way into the channel. Waiting for volume to show the direction of the market.
I have my fib drawn different today and also I have been analyzing a bit more before I post here. $44.61 is a very strong support and a possible good entry wait for the confirmation, $44.22 is also a good buy with heavy support at that level as well. NYC open my show the direction of the Market after gap is closed. This also may be a good short term short.