Foobonacci

Foobonacci

Targets in blue and stop in red. Entry on a close above the top or a strong break.

Foobonacci

If this breaks to the downside where is the bottom? Very hard to say but it's not looking good for Boeing which was in trouble before orders ground to a halt in the current Covid-19 climate. America will never let this company fail as they produce their military aircraft. But for now I'm ready and waiting to ride Boeing into the ground.

Foobonacci

Wait for confirmation on the retest before entering any trade but I see something this as most likely

Foobonacci

Hoping we get a retest for a short entry.

Foobonacci

We have a confluence of events. 1. BCH is bouncing off the bottom of a broadening ascending wedge 2. Fib levels drawn from both lows I've marked with arrows show the retrace bouncing off the 618 and the 382 The chances that we continue to the top of the channel are high and the stop is very tight meaning that I can reduce my usual % risk and still get a good...

Foobonacci Updated 

BTC looking to be coming out of a flag pattern. Looking for a 1 hour close above before adding to my long position.

Foobonacci Updated 

Entry on a close above the break, target in blue, stop in red.

Foobonacci

It's about as clear as a pattern can get. It's not likely to eventuate in the current market with the BTC monthly having closed as a bullish engulfing candle. However, if we do proceed downwards past the bottom a short would be a high percentage play.

Foobonacci Updated 

Entry on the break or for a safer trade wait for a close above. Stop loss as most recent higher low but will shift if a new one forms before the break for a tighter stop and larger position size.

Foobonacci

I've had a lot of success trading bullish pin bars the last two days so I thought I would post this one. There's no real resistance all the way to the top of this ascending triangle to we target just beneath it and hope to take profits before other market participants.

Foobonacci Updated 

Target in blue Never trade without a stop and your stop should be under the lowest wick of the pennant for a low risk trade. If you wanted to get a larger trade size with the same risk you could place it under the most recent wick inside the pennant. Obviously you have a greater chance of being stopped out. Target is a measured move of the previous flag pole...

Foobonacci

BTG has printed a nice bullflag that looks best on the 8hr timeframe. It's broken out of the pattern and now we wait for a test of the top channel for support before taking a long entry. Target is the height of the previous run and comes in under the -0.272 fib level. If the move had potential to exceed that level we'd still look to take profits before it. Keep it simple

Foobonacci

BSV is printing a bull flag between the 0.618 retrace and a custom fib level (Shhhhhh secret) Usually this type of flag will have 5 moves before breaking higher but I've also marked on the chart where we could go lower. Either way we should be looking for a break, and then a retest to confirm support or resistance before taking a position with a tight stop inside...

Foobonacci

A strong down trend on multiple time frames. Convergence, and a small bearish candle right on the 10EMA. If this candle remains small and red I’m all over EOS.

Foobonacci

LTC is pushing up against a clear level of resistance and if it breaks this level we could see a move upwards that is worth trading. We have a series of higher lows leading towards a potential break. Those higher lows and smaller candles represent the bears losing this battle. The MACD is convergent on this chart and on the 4 hour. There is no recent resistance...

Foobonacci Updated 

We have 2 tests of resistance that I've marked at $9441 I am looking for a third test and for the MACD to push upwards and make higher highs before considering this for a trade It might explode upwards on the third test, but I have rules I follow strictly and will enter on the next pull back/consolidation period if I miss this one. Some people will look at my...

Foobonacci Updated 

ETH has touched the resistance level I've marked several times and is currently in an obvious up trend that looks very healthy. The MACD is convergent on multiple time frames There is very little in the way of resistance above this level If we break and hold above this level we could see a significant move upwards.

Foobonacci Updated 

Keep an eye on ETHUSD as it moves towards the cradle zone between the 10 and 20 moving averages. As I've highlighted, it has a habit of bouncing off this area during an uptrend. (And dumping during a down trend) I'll be watching the area I've highlighted to see if indicators align once back in the zone, and you should too.