great 3 bar setup forming on the 4hr
MY LONG TERM TREND SCANNER IS TELLING ME SHORT
IN CONSOLODATION AREA, HOPE TO BREAK OUT TO UPSIDE, WATCHING THE HEAD AND SHOULDERS AND THE DOUBLE TOP.
LOOKS LIKE WE ARE STILL FALLING TO THE .236 FIB LEVEL WHERE WE COULD FIND EXTRA SUPPORT FROM PREVIOUS LEVELS
STRONG RESISTANCE AT 100/50 EMA'S BUT FINDING SUPPORT WITH THE 20 AND THE STOCH CROSS IS INTERESTING. 3 BAR SETUP LOOKING NICE
LOOKS LIKE WE MIGHT BE GOING INTO CONSOLODATION WITH THE PRICE TRAPPED BETWEEN THE 50 EMA AND THE 100 EMA WITH THE 20 ACTING AS EXTRA RESISTANCE. HOPING FOR A STRONG BOUNCE SOON TO PUSH THE PRICE ACTION ABOVE THE 20/50 EMA .
LONG, DAILY CHART WAITING FOR CONFIRMATION
LONG, VOLUME LOOKS GOOD, BOUNCING NICE OFF THE 50, GAPS BETWEEN ALL EMA'S LOOK STRONG. REACHING THE TOP OF A NICE RUN, READY TO RETRACE, THEN KEEP THE MOMENTUM GOING TO THE $1 BREAKOUT AREA. ON MY WATCH LIST FOR THE NEXT MONTH OR 2. NICE 3 BAR SETUP FORMING ON THE DAILY CHART
LONG SETUP FORMING, WAITING FOR CONFIRMATION MONDAY / TUES APPROACHING $1 AGAIN FOR THE 5TH TIME WITH MORE POWER THAN THE PREVIOUS TRY. STOCHASTIC TOOK A LONG BREAK AND IS STARTING TO WAKE UP, CCI IS TURNING TO THE UPSIDE AND THE 3BAR SETUP IS ALMOST COMPLETE. WITH THE STRONG .236 FIB LEVEL, WE SHOULD HAVE FOLLOW THROUGH
LONG, NICE SETUP FORMING. WAITING FOR CONFIRMATION MONDAY/TUES
WAITING FOR ENTRY 1 A LITTLE BELOW .236 FIB AROUND $0.41
Holding over weekend...Hoping to bounce off .236 Fib
APPLE BUY/LONG ENTRY 136.59, STOP @135.79, TP @ 138.34 (2/1 R.W.)
ACCORDING TO ELLIOT WAVE, WE COULD BE IN A SHORT TERM CORRECTION UP-TRENDING B-C. LOOKS LIKE PRICE IS BREAKING INTO THE 1/2 GANN CORRIDOR WHERE IT MIGHT FIND SOME SUPPORT WITH .5 FIB/GANN SITTING AT THE SAME LEVEL. FROM THERE PRICE PRICE COULD BE APPROACHING THE 100 EMA WHERE WE MIGHT FIND STRONG RESISTANCE WITH .736 FIB SITTING AT THE SAME LEVEL. FROM THERE A...
UPDATE TO MY LONG IDEA... EUR/USD POSSIBLE REVERSAL