I draw 2 fibo channels. and then fibo retracement. based on intersections and long term supports I have 2 targets on the chart. If you are longterm investor enjoy it :)
Chart is clear. We can possibly have reaction now. for short term. Long term we have other more supports to brake which strongest is T2
stochastic RSI is getting over bought and 5 dojis! so much uncertainty specially at last day of options for this week. all increase possibility for down. bet on put options for next week. might be a good bet :)
Ford seems has passed the 1st wave of shock and things are getting stable. It Can easily go to $5- $5.10 if there be some supporting news from CEO or government. And since it is a mother industry, its more likely that government will help them to make less job loses. tomorrow morning if the market be stable I will buy and then sell it same day at noon or tomorrow Friday.
Fibo channels are clear. also stochastic RSI is over bought.
Both times retraced to fib 0.618 which means even if wants to complete daily elliot, it should first normalized to fib 0.618 as a rule of tomb. I want call this strong sell!
based on the chart and will follow uptrend elliot.
doji candle at the end of elliot wave. stochastic os over bought as well.
short term slightly react to last year's support then continue the Elliot wave pattern. at the end hopefully we will have repeating pattern of 2009
BCH reacted to fib 0.236 . It is also in botoom of daily fib channel. Buy zone
chart is clear. that channel is logarithmic fib channel that works well on daily chart. 5x long Best.
BTC still need to go one more level down untill possibly be ready for revers. but should see the reaction to the target 1 first. why I am saying might not be able to reverse? because we have big fundamental news that can possibly kill 10-100 million people in the next 6months. and most of dead people will be old people which are the most wealthy/ powerful people...
Based on fibo retracement, repeated pattern, logarithmic fibo levels