As you can see Tesla has stuck in a tunnel between 295$ and 321$ since last December. Tesla is the most controversial (and exciting IMHO) stock in the last few years and it may offer a good opportunity this time. As you can see the price has reached the level at 295$ again, a level that proved very strong support for the stock in the last month. If it won't break...
for me it's look like making HH HL series. you can see more sense on the chart. Feel free to ask me or teach me :)
On the hourly chart of the instrument, after a strong bearish wave, the price, most likely, is in a corrective wave B, which should end in the subwave C. Then, there should be a continuation of the bearish zigzag in wave C.
Maybe... :) I have literally spent hours to make this chart and to figure out Bitcoin. I've spent hours to count the Elliott Waves down to the smallest sub-waves. I've spent hours talking with experts, who have more experience with Elliott Wave-theory than me. And none of us can make it work 100 % - It's one of the few times that has happened. But It kinda make...
Hey guys, I can see the opportunity right here. First of all, looks like the chart is forming a Bullish Bat Pattern. Secondly, USDJPY is currently at the descending tunnel with all resistance and support levels almost perfectly parallel confirmed. Support 2 (see the chart) confirmed with a historic resistance level formed at 10.28.2016! So it seems like if...
Need more data to confirm trendlines. I will adapt lines overtime when necessary.
USD moved down as I have predicted in my previous plot - see below. Now is time to move up and touch EMA (2h plot) - this week and beginning of next one After that we will see more downward move - since next week. Tunnel is still active however, slightly changed as wasn't accurately drawn first time. My previous plot on USDJPY:
The Cac40 is heading to the top of the tunnel, after opening with a bullish gap yesterday. Breaking out 4673.96 will lead it to 4783.38, the tunnel's target. The previous three days can be considered as the ascending triangle's signal, which was not rejected, since the rejection level around 4501 was not breached. I has about the same objective as the current...
The CAC40 closed yesterday near the tunnel support level around 4501. The French benchmark has been stuck in the current tunnel, since 3 weeks. If it breaches 4501 it will enter a bearish market with 4387.72 as an objective, and 4430 as a primary objective. Failing to breakout the tunnel will lead it back towards 4673.96, with 4574.54 as a primary objective. The...
The CAC40 is still ping-ponging around in the tunnel formed by the blue resistance level and the Orange support level. Nonetheless, the triangle shaped figure made of the orange trend line and the blue resistance level, is still valid. The current pattern suggest a downward breakthrough of the triangle. Only a clear cut through 4501 would make such scenario...
The CAC40 is still in the tunnel, it closed yesterday while hanging on it Orange trend line. The french benchmark still has not invalidated the Triangle. To cancel this figure it should cut through 4501. The benchmark is following the classic Tunnel figure movement, which suggests it is targeting 4501. The patterns suggest a bearish trend with 4501 as a primary...
As expected the CAC40 re -tested 4675.92 today. It did so after forming a huge bullish gap at the opening. The Tunnel is still valid, The triangle figure as well. The invalidation level of both of those figures is 4501, which is a bit far right now. The pursuit of the rally will lead the benchmark towards 4846.92 with 4783.38 as a primary objective. However, if...
The CAC40 rallied today with the US markets re-opening after a long weekend. It is still hovering in the tunnel it has formed over the past two weeks. The tunnel is located between 4673.96 and 4501. The Triangle figure is still valid since the benchmark has not broken the 4501, which is the figure's cancelling level. The Benchmark will rally to 4846.92, should...
An increase in volumes is expected as the US markets will reopen after a long 3 days weekend due to Labor Day. The French benchmark showed indecisiveness yesterday as it is moving in a Tunnel ranged from 4501 to 4673.96. The first represents the invalidation level of the triangle figure and the second is the critical resistance it has failed to breakthrough. The...
I have just mixed all my previous ideas into one, hopefully the most possible. Just have a look at the chart and tell me what you think of it.