google is in a corrective wave structure with three drives(not confirmed) Reasons for buy @ 695-715 strong reversal zone in structure 3 drive 1.61 extension reversal zone lies at key .786 fibb level RSI oversold area also seems like it would correspond with this move MACD about to make another bearish cross to test MACD lows
RSI divergence Overextended Strong resistance
NZDUSD has fallen for a week straight.I think it will bounce Reasons: DXY reached key resistance level,,expecting dxy to fall Strong resistance at neck line making tiight stop and good RR bull divergence forming
Alright so last night i close my short positions at BE I was expecting a wedge then drop but it broke to the top. Now this seems like its going to turn around.. I dont have any positions open but if i get another leg up I will definitely enter.
Alright so this is a trade ive just finished filling I bought from 687-711 I like the odds on this one and I think it will be a big winner. Fundamentals- D trump =prez yuan more devaluation india is experiencing a huge increase in btc demand Technical-Bitcoin has been in a long term uptrend for many year when in up trend buy pullbacks. I got made fun of for...
Well Im new at this but bitcoin seems to be making a longterm cup and handle. It got a lot of resistance at the last high but I believe market outlook is still bullish. Not too familiar with wave trading but the last sell off looks like an impulse leg. There is an obvious flag forming and i don't see enough bullish support for btc at this level. I intend on buying...
So I was looking at the long term gold graph Some things I noticed: Head and shoulders on local top Head reaches to FIb .382 level Trend line Is acting as resistance (Maybe doesnt have to do with gold) SPX Crushed today and if this is the start of an up impulse I could see a corresponding down impulse in gold (My exact prediction is that in the next couple days...
This is a jornal of my ideas. I am learning and not a profressional so take this with a grain of salt. But ok I see a corrective ABC wave structure and i believe we are in the middle of a bearish impulse leg. I have placed my limits at 46.15 and 46.25 the retracement level is a trend line/.386 fib level/shoulder top. In my reading it has been repeated to find...
Im reading about a lot of gold bears. But i dont see it. the trend lines seem strong and all of the fibonnacci levels seem to line up nicely. I went long on the dip earlier today SL-1275 TP-1315 .