With some elements of surprise (and perhaps a lot of FOMO), EOSUSD achieved the $3 target a week earlier than I thought (see previous post). After such crazy gains, some consolidation should come at no surprise.
In the long-term view, we appear to be at the end of Wave I. Wave II should be corrective; however, considering the launch of the testnet in a week's...
As i analysed the bitcoin for a moderately long term strategy.
Seeing the Fibonacci retracements , it shows a correction ahead till 4600.
ALso the resistance levels coincide to give the support level at 5100.
Seeing both of these i think it will go somewhere till 4800-4900, and then shoot up again. So that would be the best possible point for buying for a term of...
Steem looks like its getting close to a bottom, watching for a reversal in the near future as we head near the 200sma on the daily chart. The longterm outlook on steem is bright since steemit is revolutionizing the way people share content. This could easily move back up to previous resistance near the .236 to .382 fibonacci retracement levels. Accumulation and...
GER30 has stopped by above 12300 points, while market is oversold reaching retracement and correct from this point on to above 12500 probability is higher for correction up to 12500-12600 then falling directly under 12300.
You can trade Fibonacci Retracements today
Use this trading idea only for day trading. At weekend starting from Friday things will change.
Buy levels:
Support 192$
Support 200$
Support 206$
hold levels:
hold 211$
hold 215$
hold 220$
sell levels:
sell 229$
sell 236$
sell 242$
3 Drive on Daily; The last few legs have been 786 retracements of previous leg.
Price action currently at Bullish Trend Line and Previous structure and Support confluence.
beginning possible Harmonic move to 786 target of previous leg
and HNS on 1H TF , possible trend reversal on lower time frames.
If rules are met, will go long for 50p (1R) for Target 1
Look at chart, use of fib retracements and extensions, divergence between 3rd and 5th wave, typical characteristic for awesome oscillator for a 3rd to 5th wave move
Its worth looking at a short in uj here at 111.00/10 area , this is the 61.8% retracement of the fall we saw late yesterday. Yesterdays high also came up to 111.45 which is also 61.8% retracemnt of the fall for the week from monday to wednesday and we subsequently fell to make a low of 110.22 area. I think its worth a short here between 111.00/10 for another test...
After hitting a high twice around 83.74 in December and January, NZDJPY could go bearish if the 81.85/82.00 area resistance doesn't get broken. 81.85 could also be the top of the second shoulder in a neck and shoulder pattern, confirming that.
Looking at Fibernacci retracements from the high at 81.85, there is a fib cluster around 81.32/81.37 area, and a perfect...
huge abcd in the works on daily chart, but why not short the downmove? looking for fib/break+retest retracements, price action confirms it so this is not an exact setup.
We have retraced 50% of the fall and this area will act as resistance for now. There might be either a consolidation or another pullback to test the 710-720 area. If the price breaks up from here right away it will be very bullish.
NFP just came in with somewhat below the estimated. Im looking at gold to maybe start making a rebound with this news and I'm looking for the yellow targets where fib retracements levels are.
Also, there should be a good amount of support right around 1250level and if it doesnt retrace here I will be very shocked.
With these two arguments I like gold at this...
Not too much to say. Advanced Gartley Formation on 4h chart. Looking for 38,2% and 61,8% retracements as potential targets. Stops have to go below X.
Good trading
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A simple trend type of trade. Long UJ on retracement to the previous support and resistance areas.
Looking for a minimum 1.5 reward to risk before entry.
Stops must be below previous support
This is my first attempt in using Fibo Retracements and Arcs to project a future trend target. This is experimental.
The Fibo arc must intersect with the two orange nodes, this is due to the nature of it's implementation as it does not scale with the chart.
