As we observe UJ on the 4h, it seems to be testing this resistance level @109.8. This level also happens to be the 200 level on the weekly that is being tested. With the fib retracement it is also at the .618 level, where i consider this to be the reversal. I will be looking for a SHORT position once it does break through this range between 109.4 and 109.8, if you...
- lots going on but just showing the vast amount of buying opportunities to catch scalps on
- tough to count the last couple waves but either way the zones marked are good buy points/
- would like to buy at the trend line support with fib support as well
Hello there!
Still waiting for confirmation to buy.
It appears that the massive selling slowed down. However we did hit a pretty low price ($39.41) earlier today, but rebounded from that.
However you might as well consider this as lateral price action since the low prices and rebounds are a consequence of momentum.
We could see a period of slow movement. That is...
Can we see price falling and making new lower lows this year? currently Brexit is unbiased on the deal decision with euro. Waiting for the final result and if price goes above the resistance then we will be taking long opportunity otherwise staying short on it as long as price is laying below
Looking back into the history and the pattern similarities I think the price may pop up to the trend line as it did before and then bounce down(see blue boxes and green targets). That's a great opportunity to get in a nice short pos (.0006240).
Afterwards, this time I think there will be a consolidation period, rather than the radical pump up. That's the two...
so ive been following LTC because i like the fact of LTC being the "silver" of crypto if BTC is GOLD. this is a very structured bearish crab. that i believ will play out in the next few days. today is tuesday 10:45 and we are approaching our D leg in the XABCD pattern. i will be buying ~$77.81~ low and swing for my D completion, selling at ~$95.25~ high. keep...
Clean Text book short played by dow jones, giving late hours retracement but the trend looks certainly down. We have to wait and see how far off the retracement goes but certainly a big bear engulf candle is in place for further down play,
With the size of this ETP-4 pattern , we're looking at scaling since the reversal area is so large. The support is in a great area so we'll be looking for price to bounce anywhere between current price and the support lows. The bounce here should be a wide area but an area that should be quite noticable and a good area to put a stop.
Considering the dxy analysis i have posted prior to this post. If the dxy used that zone as a support (refer to the dxy setup) we should see gold drop to around the o.618 level , where there is a preious strong resistance. ideal area to also go long if we see good rejection around the 0.618 fib level.
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