I found CTSH to have an incline wedge pattern. Significant of a bearish pattern and correlated with the DJI+SPX+NASDAQ. Incline wedge have had good indicators of a large bearish move. Wait for stock to break out of wedge + break support.
Respected trend-lines guiding E/J's path into an Elliot Triangle Wave, which would complete its last move. At the very least, a retest of the daily 200 MA and the 38.2 zones marked on the chart.
looking for AUDJPY to pull back to 80.00 - 80.50 these are the areas where we should see the bulls come back in ! TP1 based off my weekly chart at 90.300 was where price got rejected, we have seen price fall for the pas few weeks after hitting tp 1, TL and triple topped that was formed. will not enter trade until all other indicators lign up
Looking at BTC on the weekly timeframe it's starting to look like we're going to make the next yearly correction! Time will tell! Thanks for looking!
maybe this is coming to the first BIG correction? Let's see!
Even though the us dollar is experiencing weakness, There is resistance to be found and pivot points still to be driven to the ground. The horizontal lines display continuation and reversal points pertaining to Fibonacci re-trace-mint on prior overall greater trends. There are 3 scenarios. -Consolidation around these pivot points, Breaking and returning until...
The blue line describes a prior median in the trading price, The current trend is showing a consolidation pattern. Once the patter is complete the blue trend line could act as a pivot or support.
It looks like ETH is consolidating similar to the previous round. I think it may continue to follow a short-term flag pattern before having another parabolic breakout to complete a cup. I believe ETH will rest for a bit around $2200 and have another drop before powering up and becoming "Year-theum... 2018 the year of Ethereum" :)
Looking at the long term path of Ripple, does this show why we can't trust those meteoric rises out of nowhere? It looks like a similar cup and handle type path until it breaks off and continues its journey to the dirt. I hope that's not the case but the overall trend isn't very exciting.... long term at least. I originally fell trap to the short-term window...
If the handle can complete and continue the upward trend, XRP could be in for a similar boom as a few days ago, just over a longer period of time. Notice the inverted head and shoulders forming after each cup and handle formation.
Looks like a pennant is forming for an overall downward trend until 2018. Maybe an announcement will take place? Expect to start the new year with a bang? I hope so!
Looking for feedback on XLM outlook. Agree? If not, please provide feedback if possible to help in the future. Thank you!
Revised previous thoughts. After about 3 hours, it's been following the yellow line nicely for the past 3 hours.
Hey, youraveragetrader here. - Nice sell happened due to rejection from the orange boxes as expected.
We have been respecting the Monthly Trend line. we have a very bullish flag forming, lots of rejection of price at the 618 fib area on the daily. The 1.34500 will be the first level that we we may see some rejection
We Have tweezer tops at the daily level, we have come back up and rejected the Monthly Key level which also lines up with the 618 fib. Would like to see a close below the ascending CTL and the a retest to confirm the bearish move. the target would be the 144.171 level
I know everyone enjoyed the UCAD sell if you were on the short side! :) now is it time for more upside longterm or is this just the beginning of another bigger correction for more down? Depending on how PA behaves we should know! Price has been pulsing up on lower TF and just completed an hourly flat pattern. I will keep this one updated as price progresses!...
3 or 5 waves lower degree before the next push up? Lets see