milljohner

milljohner Updated 

I'm eyeing wave 4 to end around 1.16570 and run 1.0 of wave 1 = 1.20650; but may also be 2.0 of wave 1 = 1.24801. A length of 2.0 also has confluence of intersecting with channel boundaries in symmetrical days (30) as Wave 1. Rues: IF Price Action = 1.16570 AND there is a major reversal pattern or candle on 1-day or 4-hour chart AND there is some major...

milljohner

A Fibonacci cluster analysis shows where gold is highly likely to bottom out. Its current price level is also a good place to start buying in.

milljohner

Look to catch wave 5 and ride it as 1.0 fib relationship of wave 1.

milljohner

Technical indicators look good for a reversal once Wave B completes. Price Action is entering oversold territory around a .382 retracement of Wave A. Rules: IF wave B hits at least a .382 retracement AND RSI indicates oversold AND a reversal pattern/candle reveals itself, THEN look for impulse C leg to retrace 1.0 the length of Wave A, taking profit 1 at...

milljohner

I'm tracking a Bearish Cypher Pattern on the hourly chart. RSI and MFI show there is enough steam to make it there. Also, there is good confluence with structure resistance at entry point.

milljohner Updated 

I'm following a possible bearish butterfly formation which would cause a false breakout on the current bull pennant. This will ultimatlye test record resistance levels and turn our bull pennant into a bull flag.

milljohner

Looks like XMR EUR will pump soon, likely to test the previous structure highs of 50EUR.