reneordosgoitia

reneordosgoitia

The price is forming a 5 wave in the daily and 4h chart. The fifth wave of the lower degree, is in a ending diagonal structure, so we expect a weak downside movement. Look for your buy at the level price of 1.1550.

reneordosgoitia

The last highs with shooting star formation, tend to form a long downtrend movement.

reneordosgoitia

The market is right now in a retracement process, named the contracting triangle, wait for the breakout before use your strategy entry.

reneordosgoitia

If the price break the descending line, prepare with your strategy the entry to go long.

reneordosgoitia

Wait the breakout. In the link related, you will found out more information.

reneordosgoitia

*The price is in the beginning of the fifth wave of the all time chart formation. The letter "(E)" is the fifth possible wave. *The contracting triangle structure, is the 2 wave of a lower degree cycle, the break out of the structure could give the force for reach the (E)/3 wave. * The third wave is always the more extended wave. * The 161.8 fibo level of the...

reneordosgoitia

POSSIBLES AREAS FOR GO LONG AGAIN. 4500 4000 3600 3000 LOOK THE CANDLE SIGNALS. IS PREFERED A HAMMER SIGNAL, OR ENGULFING.

reneordosgoitia

*THE PRICE HAS ALREADY END AN EXTENDED 5 WAVE CYCLE. *WAIT FOR THE RETRACEMENT ZIG ZAG PROCESS. *FIRST TGT NEAR THE 38.2% FIBO LEVEL *SECOND TGT NEAR THE 61.8%

reneordosgoitia

Shooting star in last candle near the top of wave 4. Trunctation process give chance for a sharp retracement. The area marked at the top of wave 1 and bottom of wave 4 is in the 50-61.8 fibo level.

reneordosgoitia

*The price has not end the 5 waves impulse of the D wave of the ascending triangle retracement process. *The 4 wave is in the red line area marked. *The long term direction is bearist according the structure.

reneordosgoitia

Waiting fot the candle signal. A Hammer with a long tail is ideal. The next area for take profit is 61.8 fibo retracement of the previous downtrend movement.

reneordosgoitia

There are both fundamental and technical pressure in the mid term to impulse the price higher. The next high in the price will be the 5th wave. The 3rd wave was 1.618. The 5th wave can be the 100% lenght of wave 1

reneordosgoitia

The weekly chart end in a doji hammer, the same as the (C) of the zigzag retracement, and the (B) of the sideway, after them the price went up.

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* 3 wave is extended. * the lenght of wave 1 and wave 5 is closely the same.

reneordosgoitia

*In the daily chart, the price has already broke a shooting star *the DXY is hitting an important bottom area * The market can move down beyond

reneordosgoitia

* 3 wave is extended * 5 wave has almost the lenght of 1.618 times wave 1.

reneordosgoitia

The area is a 61.8 fibo level of previous movement. The area had been respected before. OPEC members supply is uncertain yet.

reneordosgoitia

* The wave 3 is already 161.8 of wave 1. *the 1st and the 3rd subwave of the 3rd extended wave, have similar lenghts, so this 5th wave is probably to had also a similar lenght.