Potential
RMBS Potential ShortI have been following this stock for a long time and have made great returns with it. The pattern scheme between the chart and the RSI can be used to predict an upcoming downtrend in the price of RMBS. Once the RSI exceeds 75 the chart bounces as the RSI levels out. This leveling out process takes about 20 bars (1 D) and then drops again. The MACD is also showing bearish signs. Any feedback or suggestions would be greatly appreciated!
Also:
Many of the drawings were done prior to movement in the chart. For example, my prediction of the "Stop Fall" in green was done prior to the chart actually stopping at the line.
USDJPY Bat Pattern 4H Hey all,
Potential Bat pattern forming on USDJPY at the moment. Following the recent drawdown on this pair I would be expecting within the next few trades to start picking up. Unsure if this will complete as we are in an overall bull trend, however will be paying attention over the week to see what will happen. Key point to look out for is the breaking of the A point which invalidates the pattern!
Fibsii Team






















