EURCHF after the last impulse bounces over the 0.618 Fibonacci retracement a few times and the price now breaks above to the monthly resistance. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
I'm learning to use elliot waves. I think this is correct, tell me if it's not. Anyways this is what I think.
D1 : Yesterday's price action triggered a Bearish Engulfing pattern with the first time a closing level below both Mid Bollinger Band and strategic uptrend support line ! Levels to watch now are the following : Upside : R1 : 49260 (MBB) R2 : 50000 (former strategic uptrend & psychological level) R3 : 51530 % 51600 (Pivot...
Today EURUSD break the resistance, and should going up to supply area, hope this give u clear mind, if you have other opinion, comment down below ;)
Here is my setup for gbpusd, I am using fib retracement and projection, to make clustering area and also you can see a rejection shadow should gave us power to going up more ;)
Confluences: -Price retraced as I predicted before, trade hit my take profit and at the 50 fib retracement (right now) I entered a buy. -The 50 fib retracement is also above a zone which is a very strong support. -If price breaks this, I will re-enter at the 61.8 Feel free to tell me what you think!
Just some ideas on the USD/JPY. Supply seems ready to push for a lower swing-low at over 100% retracement on the previous swing, entry could be at a lower swing-high retest on that move. If you like this short analysis, give it a thumbs up and follow my profile here on TradingView. Thanks! ^^
Coty after corona back to 9.28 and 14.
GOLD after the bounce over the weekly support bounces at the 0.618 Fibonacci level. The price is now turning into a bearish move and according to Plancton's strategy IF the market will break below we can set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure...
SP500 after the recent highs broke below with a nice retracement move until the 0.5 fibonacci level. The market moved inside a desccending channel and now broke above. According to Plancton's strategy, if the conditions will be satisfied we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red...
NATGAS on the 4h chart is moving inside an ascending channel. The market after the last impulse retraced over the previous resistance now turned support at the 0.382 Fibonacci. According to Plancton's strategy, if the price will break above, we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red...
EURUSD looks set to continue its bullish rise up to the last biggest resistance/0.618 fib level, 1.25. To break down what's happening on the chart: The red line represents the long term bearish trendline that started in 2008. In October, fibre pulled back after breaking the trend and bounced strongly off it, signaling a new long-term bullishness. The orange...
The dump earlier today was an emotional one. This is apparent from the big red candles going from the 0.786 level to the 0.5 level in 7 hours. It's investors acting on fear. This, combined with the bounce off of the support zone & the 0.5 level gives us a recipe for a quick recovery. Those who sold off realise they're wrong, buy back in. Those who sold the...
Since the start of the year, price has been in a HH/HL uptrend. Following this structure, we can assume that price will do the same this time round. The 0.786 level at 105.4 is likely to hold due to a) it being a fib level b) being a previous 3-touch resistance. We can enter here with a stop loss below the previous low at around 104.25 with a take profit at the...
After price made a n extreme high during the asian session 2 days ago, price action has been bullish and has broken above that new high. On the 15 minute chart here we can see that Price is now retesting that major high with confluence with the golden fibonacci zone( the 50% and 61.8%). I will be waiting for price to come into the zone and give me some entry...
D1 : Failure to recover above the pivot level @ 51530 triggered a retest of both Mid Bollinger Band and Strategic uptrend support line. This recent price action increases considerably the risk for a downside breakout of MBB, putting directly the focus on yesterday's low of 47000 ahead of the 45000 area.(KS) In order to neutralise this...
The Daily chart shows the Motive wave currently in the 4th wave of the Elliot Wave theory. I believe we bounced off the 50% retracement on the fib and may come down one more time to the 38.2 fib before beginning the 5th wave up. Looking at the Fib extension we can see the the 5th wave could continue to the $76K range before going into the correction wave to finish...