Looking for a bounce off of green TL. We already had a bounce off of the 786 and it looks to be coming down for another low to finish a final z wave. If price breaks recent low we will see 1 hour divergence and should anticipate a larger correction to the upside.
Can't tell you how many times I have seen this type of price action.
Watch for a sharp spike up to break the high and then look for a short entry. Anything else invalidates this setup for me.
It is generally a good idea to wait for it come come back down and break the upward blue trendline.
We have been watching this pair for a while and it looks like the correction has finally finished.
There is divergence in the corrective structure and a strong impulsive wave from a key fib level indicating a finish of correction.
I will be looking to add a second position when it breaks above blue line. I will ...
Silver is looking good for one more leg down, possibly to 786 of weekly fib to complete a 5 wave ending diagonal before correcting to the upside.
You can look to enter short where its at right now, but be careful as I think it can still go a little higher.
I am back from vacation and getting into the groove of things starting with analyzing the dxy 0.54% . As most of you know this index is comprised of major currencies and heavily weighted by the EUR. With that being said, I find dxy 0.54% analysis to be a fruitful place to start, as it is a helpful ...
I am back from vacation and getting into the groove of things starting with analyzing the dxy. As most of you know this index is comprised of major currencies and heavily weighted by the EUR. With that being said, I find dxy analysis to be a fruitful place to start, as it is a helpful guide for any ...
If price action follows the arrows you know where to buy.
Target is actually much higher. This is just to show how to get in. execution and entry.
Wide stop is just in case we get a spike to the bottom, but really risk should be calculated underneath the smaller flag or the largest one if you really want to play ...
Aud is at an interesting point, and is probably best to just stay away from right now.
It has recently made a large impulse down after failing to break out of a weekly downtrend and is now approaching the daily upward TL.
A correction is needed before it can continue further down, to which I am ...
FSLR has broken out of the long downward trend and is now correcting.
Weekly Divergence + .618 key fib level
Daily Resistance zone Level + 1.27 Fib extension of last impulse