WFT Bullish, lagging oil bullishness a little, but when the rising prices flows to our EBITDA im convinced we will rocket north! Since the markets are forward looking, our PPS may reflect this sooner than later
Rp = Retracement Price and Fr = Fib Ratio
Fibonacci Extension = Rp + Rp x (1/Fr)
Fibonacci Extension = 6.57 + 6.57x(1/.382)
Further Reduced = 6.57 + 17.20 = $23-$24
This assumes .382 holds and is confirmed by some intraday closing above 7.50
WFT Short term Technical Divergence to .74 then to .82-.83 next resistance level. I see short term bearish technical divergence underway and a possible test of .74-.75 over the next day or two (but very quickly, don't try to sell then buy just add the dip). We are in a pretty strong intraday trend so I see a shallow .236 fib retracement and then a rally toards...
WFT Ultimate Intermediate Term Price Target of $1.88-$1.90 zone in line with fundamental analyst projections of $2 'true value'. Last chance to buy as bullish technical divergence and bullish candlestick formations combined with a confluence of many indicators are pointing to a pop to an above $1 soon! The termination at 1.88-1.90 is wave 5 from my 4 hour chart
Ichimoku cloud resistance combined with Fib retracement of .618 has a short term swing trade target at $7.34, clearing this will lead us to $7.75 zone. We need to break above $8 for short term bear pressure releaf. We need a solid break and muliday closes above $9 to put our bull trend back in track and a continuation of our higher order trend in place towards the...
Looking at the MACD oscillator you can see since 2015 it has been making higher highs just below the signal line. If you keep the Ichimoku Cloud active and drop down to the Daily timeframe you will see that recently the green line has slightly crossed above price as the upper region is crossing below price. Zooming in on the Daily and intraday you will see a...
beautify bullish flag formation, confluence of support at the 20 period SMA 2 standard deviation bottom bolling band, .786 short term fib support combined with a last close doji candle and stochastics crossing up!
WFT has been beaten down to a level where stochastics rsi are oversold combined with a confirmed indifference doji star formation showing up at the .618 Fibonacci level at .65. Taking that level and multiplying it by the reciprocal extension factored and adding the current support back in gives us our next major pivot or resistance target of .65(1/1.161) +.65 = 1.05
All watch as Neuro attempts to cover it's previous earnings gap to the downside. As you can see we have a polarity between indicators, with stochastics saying 'down boy' and the previous Fibonacci ratio of .786 that was obeyed implying a rise to atleast 100% of the previous fall to around 1.35-1.40 should eventually happen. If we can't break 1.10 though today I...
Short term bullish cup and handle that obeyed .618 Fibonacci Level combined with a 4 hour 9 period SMA cross and break above 20 period SMA, expect bounce to .35-.36 within hours, a break is needed as mentioned in Daily Chart Analysis XRP/USD
I'm long AC on all shares $1, don't let fear sell you out, we are at the .618 fib retracement on multiple time-frames and since the $1.88 high and $.60 52-week low, .87 is the .786 retracement and we just almost touched that today, so buy now before it is too late!