Just trying to spot patterns and it would be interesting ... and hopefully profitable if this pattern continues - Rally off long term supportive TL rejected twice at (A) high -> pulled back to (A) 50% fib - Subsequent rally got to (A) 1.618 breaking through (B) high but failing to push above (C) high --> pulled back to (C) 50% fib - Subsequent rally got above (A)...
Seller around 73c level and if we get down below 66c will be scaling in long position
If we get a dip into 2.60 then will be looking to get long
What a screaming run off all the Pokemon GO madness. It could keep hurtling up and soar past 2015s high ... or that previous high could provide resistance and we see a tidy correction. Worth keeping an eye on tomorrow.
Looking to catch a potential rally into 480 level before shorting off long term bearish trend line (around 480) to short into sub 425.
Resistance at 3.10 with potential to head back to low levels see back in the early 90's.
Looking very specifically for a move below 0.696 and a rally back up to 0.713 to short. Range(1) break has rallied to 1.618fib and primed for pull back to 0.5fib or 66c... before we make the big move above 73c.
Bullish metals and maybe its because I've missed out on this recent rally but the Range Recoil model predications a medium probability of a decent upcoming correction. Unlikely i'll trade the short but view this more as a clear out of the bulls and hopefully an opportunity to get long at good levels. RangeA Jan15 - Dec15 18.50-13.60 RangeB Nov15 - Dec15...
Looking to potentially buy on dip in next few days or put on long term short sub 47.60
Bear short term when we rally above $50 to sell down to sub $30. Sub $30 looking to get long targeting +$75. A. Bull range recoil ... that looking to short into recoil to 50% fib Range set 2007-2009 $2.70 - $51 End of 2014 broke north on range now in recoil phase with pull back projected sub $30 B. Bear range recoil ... looking for rally to sell into Range...
Didn't make it down to my long entry at 1.3145 (green line) but after a little lift from that area set to get long very soon.
Waiting on move above 440 or below 344 to indicate medium term direction
Personally I think we are set to complete wave 2 of a 5 wave impulse north. My projected trajectory highlighted by the blue waves. Majorly bulled up unless we break Jan'16 low 1.93. Currently on the hunt for long entry around these levels.
I don't particularly enjoy selling stocks that i think are a long term buy however its screaming at me to get short: A. Bear Range Recoil Range set from Jun-Oct'15 98.50-128.50. Broke south on first wk of this year. B. Trend line support break on the penultimate test of the lower range we broke a long term trend line set up from 2009. C. We are sat under...