Quick Fib trading plan
We can see that AAPL is in an uptrend overall, although it did gap downwards a few days ago.
According to my analysis, there is going to be a leg down to $136-137, supporting this idea:
1) Fibonacci retracement going to the golden pocket (61.8-65)
2) Fibonacci extension 1.618 drawn from the top to the previous leg down...
Hey everyone, today I bring you guys an analysis on XLM.
As we can see in the chart, there is a Bat pattern, with a cluster in the zone 2173-2193 which is the buy zone.
This pattern has a win rate above 80% , so let's check it out!
We can also see that volume is decreasing while price goes down, this means that this dump is losing it's power , which is bullish...
Hey everyone, today I bring you a ZIL/BTC chart on the hourly.
As you can see, We have formed a AB=CD pattern , although it's not perfect (see on google the proper fib levels) , it's quite good, as the point C is close to the 61.8 fib (it went to the golden pocket (61.8-65) ) , and the point D is at 1 (Length from A to B, dragged to C) .
By doing the AB=CD...
Hey everyone, today I'm going to make my analysis on BAT and explain my point of view, so let's begin!
When we climbed, we were reaching a previous resistance (the bearish engulfing bar at 2 march 12-16h), if we watch closely, we had a long legged doji, which usually signals a top(depending on where its formed) (it's a bit subjective, may not be a doji, but the...
Hey everyone, today I will bring you guys my perspective on this rally.
Here we can see an analysis in the 15min chart :
This analysis is based on symmetry, as we can see , this pattern was already made by the smart money, check 28 Dec 2018, similar strong volume , even before the big jump, the price movement is really similar.
If we look at the RSI, in 28 Dec...
Analysis on the Hourly:
Here we can see a shooting star formed with high volume, this indicates that a lot of selling was done at this point.
If we watch the rsi closely, it formed a double top, which indicates going down.
Now there's two possibilities:
1) Either it keeps going up and touches 652-655 (Fibonacci cluster) ,
2) Or we have a short-term...
Hey everyone, today I will bring you my perspective on this rally.
First, I can see a Three White soldiers pattern formed , with the only noticeable problem being the Volume dropping a bit while rallying.
This pattern is common to see after a strong downtrend, indicating a possible reversal in the trend.
We can also see that a Bullish Divergence as occurred...
Blue line= downtrend
MS (orange line)= Minor Support
Major Trend: Downtrend
As we can see in the chart, there is a possibility for a double bottom (W), but the pattern is only confirmed after breaking the neckline (1.42).
There is also a Morning Star pattern , suggesting a possible reversal!
In this chart, we can approach it in two...
Blue lines= downtrend channel
M.S (orange line)= Minor Support
Major Trend: Downtrend
As we can see, EURUSD is in a downtrend channel, so let's follow the trend and only make short positions!
According to MACD, It's giving us a down signal (fast line crossed below the slow)
There are two options here for an...
Hey everyone, in this chart we can see a possible inverse Head and Shoulders forming.
There are two entry points:
1) Aggressive entry: Enter after it bounces off the possible right shoulder
2) Normal entry: Enter after it breaks the neckline at 0.8644
1) For the Aggressive entry, we have two take profits: 0.8732 and 0.9103
2) Normal Entry: ...
We can see in this chart two possible situations:
1- There seems to be a double bottom (or called W) pattern forming, the pattern is completed after breaking $7500, and the target of the W pattern is $8600 (1), meaning we will break the downtrend channel, and after that, we may see a retest.
2- If the above doesn't happen, we may see the trendline (blue line),...
A,B,C,D,E = Elliot correction wave
Horizontal Black line = Support/Resistance
Blue Trendline = Current/Major Trendline
Yellow Trendline = Possible Trendline if this occurs
Major trendline= Up
As we can see in this chart, I measured the patterns and they have a deviation of ~5%, in all ups and downs, so I projected the next move.
Take profit= Red
Symmetrical Triangle= Purple
I decided to include past analysis, because it will be useful for this one.
As you can see, it formed a symmetrical triangle, which broke out upwards, and the take profit is the height of the triangle!
Now, there are 2 ways of looking at this point:
1- Either price maintains the...
take profit= red area
Major trendline is UP
Secondary trendline is also UP
According to past events, on day 30, we saw a decline in price from $2.38 to $1.63, after that, consolidated during a full day, next day it exploded to an all-time high! From this information, we can see that the patterns are similar to day 4 and on.
Support = black
Past price analysis: Price broke trendline(1) at the beginning of the year, then proceded to break trendline(2), moving to resistance (1) (actual price), now we can look at this in 3 ways possible:
1- Price goes to 23.6 retracement(which will act as support) and retests the uptrend...