Fib targets 1.618
*notes on chart Heiken Ashi Candles EMA 5 High EMA 5 Low
Divergence wave 1,2 complete waiting for wave 3 ( No divergence / Lower high Entry on the break of the supporting neckline targeting fib levels 2.618 & possibly 4.618
Latest analysis shared today in the group channel Vdubus divergence waves 1,2,3 complete with no opposing bullish force below forming a potential Head & Shoulders formation Conformation on a macD trend break Short / Targeting fib level 1.618 / 2.618 / 4.618
Looking for Divergence wave 3 conformation
Divergence wave theory: waiting for divergence wave 3 = ( NO divergence ) Wave 3 'C@ must be below Higher high wave 'A' siting at fib level 1.618 previous support now resistance for a push back down towards previous lows ...lets see how this plays out :)
Divergence waves 1,2 complete waiting for wave 3 (No divergence ) to form for pattern completion to provisionally target fib level 1.618 previous support
Price pattern conformation Divergence wave 3 completion Enter on break of supporting neck line Targeting fib level 1.618 support
Re posting as I got my divergence waves mixed up the bottom of the macD showing consistent bullish pressure with no repelling forces from the bears My divergence rules are: Vdubus Divergence Wave theory 1 to 2 = Divergence inc / Hidden divergence 2 to 3 NO divergence = reversal 0 = Nothing
Vdubus Divergence wave theory waves 1 to 2 complete waiting for wave 3