Plotted two fibs that have defined every turn since 2017. Not all Fibs start a reversal, but most Reversals start at a Fib. Thus it is worth paying close attention the behavior at the fibs. Left Chart is 1week tf, with its "Genesis Fib". Right Upper is 3day tf, with the 2019 Bull Run. Right Lower is 4hour tf, with both fib prices. Just Pinged the Green 1.236 at...
AMD has been flying as China talks came off the front page. Now it is approaching some major resistance zones to watch. This would be a good place for "bad news" to be released soon. $ 46.60-47.29 "should" have been the top but has extended beyond. $ 48.97-49.41 is immediate resistance that is already showing validity. $ 52.07-52.62 is likely to be hit and likely...
AU has been working is this fib series of an " Impulse " started in Dec. 2018. It has been following quite precisely all the way down, and on the retrace. Some good economic reports gave it a boost today, right into the fib above. These " Ripples " have been dictating the Amplitude of AU price waves. As we can see it likes to jump from one energy level to another...
Followup to Last Analysis and 4 cent call (click) . Stellar bounced and topped EXACTLY as expected. It had topped and was waiting for the King to move. Now we have a market wide correction under way. Per my analysis of the waves, looks like we have finished wave 3. Now we look to follow wave 4 down for another round of longs. Plotted are two possible paths,...
Part of my ongoing analysis of Bitcoin moves (see links below). As mentioned in previous plots, 9k was going to be tough. Also as mentioned, there was a stop hunt above that zone. The 9.2k peak was logical buffer for shorts to keep their SL. Interestingly, we did not get a "short squeeze" spike. Which could mean bears are riding shorts without stops. Or it...
Microscopic update to my Bigger Picture calling for 8k - 10k wave 5 (click) . Scalping layout for practicing scalps on ultra small time frames. In play are two local waves and some high tf waves not shown. Each line and zone is to be observed for " Pings " to enter or exit. If entering a new trade, SL should be just behind the line that Pinged. If already in a...
Follow up to my Long to Short pathway (click) . EU is approaching the 1st of 3 crucial support zones. If "trend change" is to happen, one of these must hold. Loss of all three supports will be very bad news for bulls. $ 1.10750/784 should be strong support, at least a bounce. $ 1.10536/566 could be hit for a stop hunt under local low. $ 1.10394/432 would be a...
Our Precious has been changing hands bigly as of late. The last decline was started by a Bear Impulse (attack). Now that wave has returned to its Birth Place (redux). "Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the...
9k is crucial, not just because it is a round number. There are major fibs clustered tightly around there. Each fib adds to the cumulative energy of this level. One does not need fibs to see its relevance. This Perfect Storm will be relevant FOREVER. This level is ingrained into humans and computers. One can expect rejection on first or several approaches. If...
Follow up to my last Long Entry Map (click) . Bounce started EXACTLY where mapped in above Idea. The movement since then shows a bottoming pattern. Longs took some profit at the spike, trail stops on rest. $ 58.37/41 is KEY support, SL just below a good possibility. $ 58.04/13 must hold to sustain the bounce and uptraend. $ 57.84/89 is Last Stand, longer term...
Followup to my Break Out Call (click) . So we caught the break out and spike quite precisely . Then called the top in TV live chat as it was happening. Now watching retrace and projected support zones. This is a PRELIMINARY map based on pullback thus far. As things proceed there may be more clues to be found. I will post updates to this Idea or a new one...
"Impulse" is a surge that creates "Ripples", like a pebble into water. Each "Ping" adds to confidence in all the other Fibs in the sequence. The 9.618 a common "Murderer of Moves" heralding wave endpoints. Of course the rally might NOT have ended yet. But I always take PROFIT at the 9.618 as a rule. Then look for RETRACE to 5.236 or 3.618 normally. Part of my...
"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected...
We all know the markets are stretching the top. Thanks to the "Free Money", capital keeps coming. Valuations can only stretch so far before they break. It can certainly float higher from here, no doubt that. But IF there is a top soon, one of my zones will catch it. If it blows past all projected zones, it will crash harder. The charts are 3 different timeframes...
Dash has been flying fast and furious, as you know. Where may it stop? When to close longs or go short? The Impulse Redux will tell us: Now, or Much Later. "Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden...
LINK is one of the first alts to take off after the bitcoin spike. Climbing in a near vertical path, and we all know that means :( Let us hope for a controlled retrace that profits bears AND bulls. Plotted are 3 upcoming resistance zones and individual Fib Lines. Any one of these zones or lines could halt price and start retrace. We may be in "wave 3", with w4...
Follow up to my last Plot that caught the 8k bounce . (click) Longs have been highly profitable thus far, most profits taken off the table. Now we are at risk of a "significant" pullback, as indicated by fib extensions. I have lightened by bag considerably, and trailing a tight stop on the rest. $ 8578/85 is immediate support, might hold for a while (a wave...
Followup to my Long Scalp Idea posted here (click). Previous plot worked out quite well, though not as precisely as I expected. But longs are still in play, and travelling towards possible targets/resistances. It is possible that EU has bottomed for now and might trend up for a while. $ 1.11412/420 is the key zone, below which bulls will struggle. $...