FigmentForex

FigmentForex

This pattern does look good for a possible bullish breakout in the near future. Watch for break of the cup formation for a long opportunity. Otherwise, short if rejected. Notes and profit targets on chart. ____________________________________________________________________________________________________________ If my analysis has helped you profit, or at...

FigmentForex

Bitcoin is due for a correction after seeing an astronomical parabolic move this month. There are several factors to why I believe this correction is near. - Wave 3 is, or is close to being complete (261.8% of wave 1) - Price action now at Gann Fan 2/1 resistance, limiting the upside of this move higher - Slight bearish volume divergence - Green boxes indicate...

FigmentForex Updated 

BITSTAMP:BTCUSD looks like it may be breaking out higher after forming an inverse H&S during consolidation from its recent move into the upper 900's. I continue to keep a close eye on Bitcoin as I believe it has the scope to move even higher. Target 1000 near term.

FigmentForex

This pattern does look good for a possible bullish breakout in the near future. Watch for break of handle channel for a long opportunity. Target 118.65.

FigmentForex

It looks like FX:USDJPY has formed one complete inverse H&S inside of a larger inverse H&S. Watch for a break of the neckline on the larger IHS for a possible long opportunity. Target 118.65

FigmentForex

I'm thinking that gold has the potential to reverse here at these levels.

FigmentForex Updated 

Applying a Gann Fan and Fib levels from the low point before the recent bullish uptrend to the high point of the uptrend reveals several support and resistance levels that have shown to be valid. The yellow lines on this chart show the zones where price action has been directly influenced by these areas of support and resistance.Because the Gann Fan and Fib...

FigmentForex

Minor Wave 1 of Major Wave 3 looks to be complete. The market should experience some sideways consolidation for a little while before continuing on the uptrend. Go long in the range of $252 - $255 with a target of $300.