Price stabilized, retesting the Triangle Apex(possible Elliott Wave 4th), RSI trending, MA Crossover. Possible rising Wave, Monthly Doji Range.
The Parabolic Advance, from 2008 low. The trajectory after the recent slingshot move, changed angle of advance, possibly entering the final phase of the parabolic ascent.
Silver Miner Stocks, Broke out from Resistance, Retested Support Level, above MAs(CrossOver imminent). Stocks, front-running the metal's break out ?
Price has been downtrending in a symmetric channel, under 50MA. A Similar Bearish Flag structure is forming. Will price repeat the previous break down and continue the downtrend move ?
Potential Continuation Head and Shoulders on the Hang Seng Index. Price, hit 200 ma Monthly Uptrend Line, AB=CD (.618 1.618) harmonic Gartley pattern on the Spot.
The Ratio is forming a rising Wedge, Diagonal characteristics with an RSI Divergence.
Placing the Stop against Strong Support is a way to increase the possibility of the trade going in your favor on the R/R strategy. Support comes in the form of 200MA, Horizontal and Dynamic Trend Line, historic rejection of Level.
Price found Support at the 50 MA, morphing into a Bullish Pennant. Break and Continuation, a possibility.
USDTRY is coiling in a narrow range, tagged to 50 MA. Pump or Dump is next.
Expanding Diagonal Potential Elliott Waves
Dynamic Lines, Trending Lines, lose momentum and Angles tend to revert to the mean. Patterns form in-between those lines. Specifically, a potential harmonic pattern could morph, and/or an Elliott Wave corrective ABC.
Potential Channel Trend Continuation. BACA, Diagonal and Horizontal Support, targeting Fibonacci Levels (.382 and .618), potential Elliott Wave Corrective Move.
Harmonic Bat Pattern Potential, with BACA("Break Across and Close Across") 50% B point BAMM( Bat Action Magnet Move) level, for the CD leg. PRZ(Potential Reversal Zone) at 0.886 Fibonacci Level at 86.4