Possible shorting opportunity coming up @ 121. -Equal measured move -Trading below 200MA - RSI pushing overbought Lets see how it plays out in the coming days
After almost 3 months, 90 days to be precise, this week XBTUSD finally broke through the bottom of the descending triangle it has been in since June. And it did so rather violently. It is now discussed if the bottom has been reached, or if there is more room to the downside. I have bad news for you. According to traditional TA, the price target of a break down of...
After breaking out of the symmetrical triangle to downwards support , Bitcoin now appears to be forming a bear flag that would target the 50 Week MA around $6,750 if broken to the downside. For all those who thought $6k prices weren't possible again, remember that we have already dropped from $10k to $8k. Price otherwise needs to stay below $8,450-$8,500 to avoid...
In 2018 there was an accuracy within 0.25% ($16) of the measured breakdown of the descending triangle . The calculation equaled $3,145 (-48.2%) with the low arriving at $3,129. Based on the 2019 Daily descending triangle , the measured move of -32% takes the price to $6,410, give or take $16. If this Daily triangle is breached to the upside I will calculate the...
***Possible*** EURCAD long depending on your rules for entry... waiting for the close of the daily candle and i'll be looking for long opportunities. Equal Measured Move Hammer candle forming BCO took a hit
Looking to make a measured move down to join support.
Equal measured move on the EURNZD could see a big move down or a minor correction before going higher.
Step 1 Find AB leg - price movement with lower highs Step 2 BC retrace leg not rise above 61.8 fib Step 3 Sell on CD leg break below Pivot Point B Step 4 take measured move from AB leg & clone to CD leg to find estimated TP @ 105.415 Step 5 SL above pivot point C Measured Move Chart Pattern Strategy link tradingstrategyguides.com
look at the ascending dotted blue measured move line coming from the point of the falling wedge breakout.....notice how every candle after the breakout has been respecting it as some sort of magnetic resistance perfectly. TA amazes me sometimes and for even the breakout target/measured move line can become a valid trendline if you know how to take your measured...
Target of 128 if the support line remains unbroken - well see how ER affects this.
In this third part of the bitcoin price analysis, I go over the measured move to reveal a bearish price target of $7,250 which coincides with the fibanocci analysis I did in the first part of this series.
Earnings may affect this depending on results, but it seems V is set for a correction or reversal soon. Overall, short, pre-earnings long -flat(given good results).
Trade Idea Bespoke support is located at 1.1274. Daily Ichimoku Cloud top acted as support yesterday. The selloff has posted an exhaustion count on the intraday chart. Buying posted in Asia. There is scope for mild selling at the open but losses should be limited. Preferred trade is to buy on dips. We look to Buy at 1.1274 Stop: 1.1239 Target 1: 1.1410 Target...
Looking for those that bought from the recent low to take profit outta fear of this week’s potential news. Seeing the break of the dominant trend line I’m looking for a retest of this trend line which lines up with a 38.2%-61.8% retracement for a long setup for a measured move just above to the next swing point zone and secondary trend line which lines up with a...
The weekly and the daily both line up clean on enph and the are following the Fib levels up. Each of the moves have been measured moves. The first move from 1.39 to 7.63 was 634 points and the move retraced 38.2% to begin the current move. This move started at 3.76 a 634 point move be near a completion of the 2nd move near 10.01 the rejection area. I'd expect...
Watching Visa complete a Cup & Handle formation as it prepares to break out into fresh highs for the stock. Breaking into new highs provides little resistance for price to run, other than fib extensions and pivots. The C&H pattern provides a measured move of $30 to a potential target of $180.
USDCAD formed a nice inverted head & shoulder on the D1/4H/1H charts. Most of this year the pair's consolidated between zones. This recent move started near the top of the zone 1.31307 and the impulse ended near the top of the high zone 1.34669, breaking the consolidation. Looking for price to complete a pullback and will look for a long entry. A 50%...