I'm bullish on EIDO (Indonesia index) 1. I'm looking for a completion triangle wave b. therefore expecting at least 1 more leg up to complete wave c. 2. look closely, you can see an inverted head & shoulder where the neckline marked by red line.
the current pullback looks like a minor wave. As long as the price stay above the grey box (Fibonacci retracement level), we are good with this wave count.
It looks like Bitcoin is setting up for an impulsive move. The Grey Box is the Fibonacci retracement level. Price should stay above the grey box in order for the impulsive wave count to be valid.
we had the pair came back up to the very long term Previously support now become resistance level. I am on long term bearish bias on this pair.
1: two candle pattern form on the weekly chart, shooting start and a bearish engulfing, thus the resistance line 0.6570 marked the resistance for this pair. 2. im looking for short with stop loss somewhere above the resistance line. (or when session candle to close above the resistance line.
a rally from late march look pretty strong after counting off support level at 1.0040 just keep an eye on the resistance level. for the moment, I go neutral for this pair.
1. on weekly chart we a piercing patter W:P form right at the 50% fibs level 2. on daily, market seems to move sideways for the past 16 days. 3. we also see price making lower high for the past 16 days, 4. Maybe we could see KLCI to make a correction to 38% before continue with the bull run?
1) the recent pullback to the 50% fibonacci level seems like a valid entry to long Sugar. 2) however we shall keep in mind that the resistance level have not yet been broken. 3) we also see the MadD forming a bullish divergence. 4) depend on your Risk to reward. a stop loss below 50% fibonacci level and below the bullish engulfing candle's wick of the fibs...
Bullish Engulfing on the daily chart rejecting the 50% fibonacci level. first target. 1.63035 if price close below the support "black horizontal line" then consider close position.
1. we see Head & Shoulder form as marked by S-H-S on the chart. 2. with pearcing candle pattern w:P and bullish engulging candle W:BE form on the left shoulder. it for a long term support base. 3. we see few weeks ago where doji candle reject the long term support base which also forming the right shouder (potentially) 4. this bring us to the final clue: my...
I'm currently short term neutral on bitcoin due to the previous session where candle shows a small real body indicating market indecision. I will expect Bitcoin to make the correction for the next few weeks before continuing the rally. Target, as shown in the chart.
at this point in time. we have now seen any bearish candle forming at the resistance level. I will go neutral on HSI.
the arrow marked by w is a weekly resistancee (shooting star). a short was place as indicated.
both candles marked by red arrow showsw resistance that level, Stop loss, and profit target as indicate.
pretty nice squese. looking for price to bounce up the Trendline
I will see a short term 3 wave move to the trend-line before making an all tome high
this is my predication of a possible gold move in the coming few months.