This is the first scenario. At 50% retrace of last wave... It has completed either a leading diagonal, which will correct 50-72% and continue down, or it has corrected and will continue up breaking the high. But you need to read my next scenario I will post. I will show you it. This is educational. I have people liking my posts days after the setups already...
Obviously NU has been bullish. But notice it is at pitchfork and strong area for resistance as it is testing supply zone. It can extend more, but see that green line from larger fork and 1.236 extension? NU could continue on its uptrend but I would like to point out it is possible for it to do a swing 7 type structure to come all the way down and break the low....
I ain't saying GU can't go up. Just pointing out that it is at intersecting pitchforks, and were it to go down, we could be looking at a pattern that would break the low. I'm going to sleep. Not saying just sell it. Just saying if you have some experience, you might see something price action wise. Strong area...
Acad looks like it may be finally getting ready to pullback. Oversold on daily. More room to go down on weekly. Wave pattern tells me downside long term. I called sell from top but took profit too early. Looking to go 2 for 1 maybe, but any move up should be corrective.
Gchf looks like it either already made a sell setup or is in the process of making one. May be a quick scalp, but if I see a correction after breakout, I will look to take it down lower.
I sold GJ,scaling in... it could come down from right here as a completed 7 swing, or it can extend a little further to that .618, either way, it is a sell setup right now and it will most likely go to downside ultimately considering the corrective pattern. It is coming off the 50% fib, would prefer the.618, but we may get a pattern that expands itself before GJ...
Looks like it is setting up to sell again. I don't know if you saw my original markup showing the weekly diagonal. It did make a pattern that would qualify as a diagonal, but based on the price action I will look to continue down. May even be getting a running flat.
If u see Echf do that here (ending diagonal, and, or flat), look for a nice sell. If you have tight entry, let some run in case it comes all the way down to break the low. The key would be entry based of the ending diagonal pattern.
That is the 200 MA and 50% fib. I will be looking for sells until something changes. I am a little frustrated because I was trying to talk to people and post trades in different places and I didn't even get the better entries posted....News days... All the chiffy pairs came off levels and trend lines. We may get some sideways movement being CHF, may not but will...
This was an easy setup, but after the fact. Those are your targets, it will be consolidating though.
scalping to next major support and resistance (green line). It is coming off pitchfork, may be in an uptrend, but possible to correct further.
I've been looking at AU as a sell since that circle, was just waiting to time entry. 76200 may be the target. We'll have to see if it breaks out of this flag. Hopefully it will. It's price action is showing downside.
I caught the buy right off those intersecting trend lines. I will make a short video fully explaining it. But it came off that intersection at the 27% extension of "B" wave along with 1.618 fib extension of smaller wave it is on. We can get a larger flat pattern here and can break lower before the bigger move.
Nchf broke fork and is coming off equal length fib and trend line. In this type scenario I look to retest somewhere near the high of the first wave. This trade does have potential to be a huge sell, so keep that in mind.
sell the breakout to trend line. May want to leave some ride for a longer target.