Just comparing this to my last chart We have a double top wick on both patterns where there after the 61.8 retracement held up gearing up towards to the bullish move to $0.60+ I am expecting to see the same again coming in a similar timeframe.
to coming monthly pivot. it would make sense to test this first and reject for a clear road to a retracement in the low 20k area (yearly pivot untested. ) if short from higher keep it or defended profit. if attempting long here beware of this 4hour death cross and use stoploss lower than L4
I have revised this wedge / triangle to suit the 12H timeframe which includes a solid fibonacci retracement. The price action did not abide by the previous post so amending it to suit the most recent high and lows makes more sense. If we zoom into the 4H we can see the 61.8 being respected and now the 78.6 being tapped to a T Should this hold and we see a solid...
i have been playing around with the SNX chart and this is just another one of my trend analysis drafts, ive done it one the day and 4 hour time frame, my direction and date could be wrong, it might look far fetched but, do your own analysis and let me know if what i see in my mind is far fetched, because i really believe it will hit that mark within a short...
-Descending TL breakout, retest expected -0.5 fib retracement -Previous resistance now support -MA50 shifting momentum
ETHUSD has started a new up trend in the channel after completing ABC correction. Possible targets are shown in the chart based on EXT FIBO RETRACEMENT.
Sell Nasdaq entry 13500 sl 13570 TP1 13300 Tp2 13000 Confirmations on buys will be updated in near future
Hi folks; When we are seeing 4H time-frame,it obvious that price moves on a downtrend channel so after a breakout and retest it can pushes the price up till touch the upper downtrend line what's more; it made a double bottom classic pattern but it has not approved buy neckline and breakout so we ought to keep in touch with chart and candlestick.After breaking out...
I am not an expert, this is purely for fun and speculation, this is not trading advice. In my opinion, it's a matter of time till GRT has a pretty big run-up, the total market cap is quite decent, potentially can go to 10-20$ in the longer run 6-9 months time. WE will definitely see a retest on the lower support before this potential run-up.
The 21 daily ema is now current resistance overlapped with the inv 78.6 fib for double reinforced resistance. if this h&s triggers its breakdown here the measured move breakdown target is 22k What's more is the ever-important 21 weekly ema on the weekly timeframe(not shown here) is exactly overlapping the breakdown target for the h&s at 22k also overlapping the...
Contract - CME_MINI:MNQH2021 - High - 13400.50 - Low - 1378.25 Evening Stats - Gap: = N/A - Session Open ATR: 210.04 - Volume: 31k - Open Int: 236k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13500 - Short: 12750 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions...
As per my previous chart we have a solid retracement and 3rd trendline tap should we see a close and bullish move going into tomorrow. We are also within our Weekly 61.8 & 78, a weekly close above the 61.8 on the 24th would be a great signal for us to continue upwards. A close above the wick on the 4th would be great
Monthly chart shows you a bearish bat with possible targets for the new bull run. I can see a retrace one more time (after US election results?). It all depends on what covid19 will bring to the table for the next 6 months... rest will be history again.😊 Please feel free to comment below if you have any further questions or if you see something different. Cheers! 👍
BITFINEX:BTCUSD How accurately will history repeat itself for BTC/USD? 3 30%-40% retracements in crypto bull markets are much more common and likely than people realize lately. It is true that Bitcoin´s volatility will be ever diminishing, but it is also true that the strong breakout from $20,000 does not prove that and therefore, neither should the...
-Descending TL breakout, pullback to retest confluences expected -0.5 fib retracement -Previous resistance now support -SMA50 T1 - 1864 T2 - 1873
Enough momentum to achieve $261.5 before the February earnings release, where we can see a confluence of the fibonacci extension 1.618 and the top of the parallel channel drawn. Manage properly your risk! Not a fiancial advice.
LINK is on a correction waves path, the B should be over, now it should head toward C