We know that price has gained some support however when drawing the fib levels and looking at the chart holistically it seems to be simply in a pullback and we could see a further decline possibly to 1.22522 and then 1.21496. We are looking to enter this trade after there has been confirmation price has been rejected at any one of these Fibonacci levels,...
*Idea This is my first time using fibonacci numbers. Just beginning to learn this strategy. I believe that there will be a pullback soon for APPL. My prediction is that it won't be anything significant. We have a gap support and resistance. Any comments and criticism is greatly appreciated. :)
Pullback completed Bullish engulfing pattern completed on daily Trade to Fib Extension at -0.27
AUDNZD Trendline pullback rejection
My basic daily & 4hr chart analysis on USD.JPY into this week. I will be updating this pair through the week on the 4hr and 1hr timeframe
I'm always wary of picking tops on AUDCAD.
Please see annotated chart for details.
Looking for a pullback into structure for a sell order.
Today's pullback on SPY was very similar in size to the Sept 9th pullback. I have added the following projection.
The Trump rally is forced to take a break after the recent Fed rate hike. A hike which was forced onto the market. A upcoming strong stock market pullback of the "S&P 500" can now easily be blamed on this decision by the Fed. As reaction the Fed is most likely going to cut back on their current plans to hike even more in the year 2017 and then the stock market...
- Stock hitting resistance at 61.8% retracement from multi-year highs. - CCI shows a bearish divergence. While this bearish divergence also showed up in the middle of 2016 and stock continued to trend up, this time the RSI shows the stock is overbought. I would expect a pullback to the original trend line, possibly back to 50% retracement before an uptrend is...
Reason to entry: -Gartley's pattern in form of butterfly's pullback -AB=CD pattern -price already penetrated flag pattern -wait for RSI and candle formations Entry: -AB=CD completion, or -gartley's completion Exit: -Gartley's 38.2 retracement -Gartley's 61.8 retracement -retest of flag's pole -projection of flag's pole Void if: -price goes trough 161.8...
Hi traders! First price must break resistance or support and then wait for the pullback. I will come with more updates. Have a nice day!
The pair is currently oversold and should start some retracement soon. The yellow line is next structure in confluence with Fib 0.618 Level. Look for entry in the green zone. Stops go below last structure low (1.06929), profit target is next upcoming structure (1.09237).
FX:EURUSD