Kick off the year with a bang and don't be on the wrong side of KINGDOLLAR
CURRENT PRZ: .382 FIB 2014-2017 w/ bullish bat beginning Bullish T1 12250 Bearish T1 10890
gotta a feeling heads will roll after price trades thru .618. measured reverse abcd cautions 17k is where resistance is
Beginning wave 4 from 10/16. <1.292 short
I think everything is noted in chart. Will link lower time frame charts.
NOTE: Yearly target has already been met at 1.3275. However, the reversal was strong (see linked chart) and the prz hasn't been retested to confirm direction. This is short term setup with the potential to add once levels mentioned below are breached. Sell at 1.3075-1.31 T1: 1.2975 Below 50 1.2935 suggests more downside. Add accordingly
Keep it simple. Note the linked chart...Ex of gartley becoming butterfly target
Obeying the pitch and tagged the 1.618. Close below 1.185 will suggest pullback.
SELL 2380 T1 2060 (~17%) T2 1581 (~36%) BUY 2385 T1 2700
Sell <.77200 T1 .73570 T2 .68500 Buy >.80150 T1 .82500 T2 .84450
Nice bounce off extension. >1.26 targets bearish 5-0 at 1.31 <1.26 targets bullish shark at 1.20, which is the median for reverse fork.
WEEKLY close <.95 targets crab and alt bat .9333ish
Highlighted white area is area of interest
In case you missed the rip. Good spot to look for another spot to catch another one. See linked chart.
Notes in chart. Will update with lower TF soon
BULLS AND BEARS. 1180 break targets butterfly and .618 - 890-950 1280 break target deep crab 1650-1688
EURO must fill this gap this week to prevent further pullback 1.11950