Descending wedge ready for a breakout? Measured move upwards to test the 200 SMA? Which also happens to be the .618 profit zone? Confluence? Could be in the cards. Look out for the red Ichimoku Cloud!
Are you trading gold ? Here's a quick XAUUSD analysis today. We estimates gold's price using Wyckoff's P&F chart and measure movements. Based on Gann, Wyckoff, Price Action and more concepts. See previous posts for details. --------------------------------------------------------------- * This is Pre-plan and an education post That means my view can change,...
do your own analysis. 37500 was my first buy pending limit order. will take additional entry at low of restest and one more at break of Mid-point W. Measured moves. Great risk to reward.
Measured move coming IMO. Massive tank possible. Open position, been DCA these 29 Apr puts: 175 #8 170 #6 165 #4 Amazing tankoff today... not holding QQQ overnight it could certainly enjoy a brief bounce to start the session, but; FB meltdown will tank the techs.
Is the inverted head & shoulders pattern about to fail? In this video I take a look at the current structure and explain potential targets.
Chart says all. Strong similarity to structure from March rally. Down channel is an obvious bull flag formation, seven waves down. A measured move would reach over 4800; A blow-off top?!? Anything is possible; not sayin this will happen; saying it could. At any rate, indicators gone oversold and a clear EW impulsive downtrend appears at or near completion. This...
The token for the STEPN game. I think a measured move is definitely possible here.
DASH/BTC consolidating under the 200 day MA. The USD pair is holding up well. I will enter on the break of the W in price at the 0.25 fib. Entry .002938, SL .002678, TP .003672
Bitcoin is between the two month range it has broken out of and the 200 day MA. A measured move from here will bring us to the .618 fib of the move down from the top. I am thinking we go up from here.
Copper looks like its making strong moves and FCX is one of my top interests in the metals sector Possible Cup and Handle with measured move targeting $68 for ~48% gain!
Looks like metals are in for a nice gain Watching XME targeting $58
Everyone is talking about gold and silver making massive Cup and Handles but I haven't seen many measured move estimates. We are just about to touch the brim resistance with a possible consolidation before the break out and major moves up being. Trying to estimate measured move targets give me an estimate move to $26k (+24%)before a pull back. Maybe a retest but I...
When the former Soviets roll over Ukraine you can expect the measured move depicted IMO. Maybe you don't care to play shorts, but think carefully about holding longs. might not be prudent at this juncture, eh? NB: An expedited closed FOMC meeting is scheduled for Monday 14 Feb: www.federalreserve.gov Advanced Notice of a Meeting under Expedited Procedures It...
Breakout above falling wedge TL will confirm trend reversal. Measured move correction is completed on Ukraine invasion. Expect 0.50 - .62 Fibo pullback, briefly then rocket higher. Retest of breakout will exclude fakeout like we had on last lift (overlay). Moving up from oversold on RSI, wave trends indicating buy signal.
Thanks for reading all my previous Analysis. Today I am looking and also bought into SHIBA potential BULL RUN for a longer term. This is my personal speculative opinion and not an investment advice.Obviously there are potential possibilities of huge gains and managed losses.Always have a calculative risk if that is the only edge you can start your trading career...
This is just an idea that I am posting that may or may not pan out. It is not financial or investment advice. I am definitely not saying this is the way forward but as I was tinkering one night, I somehow came up with this, and the more I looked at it, the more it made sense. Using trend lines we have a potential rising wedge. Then I measured some fibs and copied...
Reading chart from left to right: TAP went through a bear phase from June to September of 2021 and an accumulation phase from September to December 2021. We saw the first impulse out of the accumulation phase with it's punch to $52 and it did a classic 50% retracement to $48. We're seeing upward momentum in February which is signaling that there's potential for...
Chart says all. Correction is not over IMO and you ought to expect a much deeper pullback before plunging long. DYODD; GLTA!