Hello all and welcome to my little corner of the internet. It isn't big, nor is it fancy, but what about the chart art! Now I've warned of a correction for some time (quite a bearish outlook if you were to look back at my other publications... and give em a like) but it seems as though things are playing out as i stated. I hope that any who viewed my charts saw...
Boys, if you are agree with my analyze type in comment 777.
If you in this trade type in comment 555.
And if you think Im wrong with this type in comment 000.
Lets be the year 2018 1000x better than 2017.
bye :D
I need to go sleep, the market is closed :(
Technical indicators look good for a reversal once Wave B completes. Price Action is entering oversold territory around a .382 retracement of Wave A.
Rules:
IF wave B hits at least a .382 retracement AND RSI indicates oversold AND a reversal pattern/candle reveals itself,
THEN look for impulse C leg to retrace 1.0 the length of Wave A, taking profit 1 at...
Since mid August we are seeing clear bear engulfing signals (highlighted in red rectangles) where each of them is topping lower than previous one (lower highs)
We have hanging man at our last 4H candle indicating bearish momentum
Price will require careful monitoring near orange S/R lines where price will either bounce or break
Hello traders
Gbp/Jpy has formed bullish falling wedge and nice opportunity will come in close proximity of support and resistance line line of the wedge, where price will either rebound or break
Currently on 4H scale, we have shooting star on last candle indicating bearish momentum - it will require careful monitoring near support line
We might be retesting...
We have recently formed Tweezer bottoms (bullish) formed just above significant support of 1.17 that has been in effect since early August
We did have tripple top just above 1.20 price level, however if we look at monthly scale - we can see super strong bullish momentum
Also, last business week has retested and closed above significant monthly support meaning...
See the wide green range?
This is the phase where big investors accumulated.
Then, they pull the string...big Arrow:
This is where the little investor is trapped into this super hype.
While little Joe is buying on the sharp up-move and become more and more greedy, big investors are selling all the way up until no more "chair" is left...
This is how they make...
