Is HTGM just full of ABCD patterns?HTGM on the 1 hr chart. I swear this ticker is full of ABCD patterns!
I am learning to identify ABCD patterns, and i am hoping my observations are accurate here.
I see a large ascending ABCD pattern leading to a huge descending ABCD pattern.
At the bottom I see a small descending ABCD pattern, which appears to be starting its upward movement.
I have setup 2 fibs, extension and retracement, both showing potential PT range of 3.50-3.90 with 3.75 looking very doable.
Hopefully I am right because I entered this thing at 0.3094!
Let's see how it goes!
Fibs
TSLA: Post Split Update Further to the earlier idea shared before the splitting of this stock, here's an updated version of the chart showing the same levels but adjusted for the split. The structure of this market suggests a completed 3-wave impulse sequence, which is now being corrected by profit-taking and short selling. The current correctional formation is seemingly completing the A leg of a potential ABC correction. Approximate movement and supply and demand areas are highlighted for convenience. In case of suggestions or questions on this TA idea, drop a line in the comments section below. Staying tuned for further hints on the price direction of this exceptional stock.
Tesla at supportSituation
->Tesla bounced at the Fibonacci support at the golden target (0.618-0.65 level)
-> as long as this level holds, the algo target is $565
-> if we break this level we have a high chance to drop to $210
->Breaking $273 will confirm $210
-> Last stand support is $322
If you are currently holding long positions wait, put SL at around $349 (depending on the position or if you are just going long now)
WMT and SPY love each other?WMT for Friday, September 11, 2020
SPY and WMT seem to be synchronized, so we have SPY here for reference.
(faded blue line)
Large fib is for the dip, showing it went down to the 1.618 line.
Seems like that may be the end of the drop... hopefully.
Small fib is for potential target zones for short term.
Breaking the 0.5 would be nice to confirm retracement.
Heading to 1 would be nice, 1.272 - 1.414 are my favorites.
We are currently in what appears to be a descending channel.
Hopefully we break out bullish and above the 0.236 line @ $137.87
Good luck!
FLDM: Am I just seeing rounding bottoms everywhere?FLDM hourly chart.
Just wanted to publish my chart before it gets cleared, lol.
I think I see a rounding bottom on this sucker.
Also potential gap above.
Blue lines are what I think are res points.
I have short term and long term fibs showing, hopefully charted properly.
The candlesticks are Heikin Ashi.
The candle filler-colors are representative of RSI.
Vertical Lines:
Yellow (pre-market start)
Green (market open)
Orange (power hour/market close/after hours start)
Red (after hours end)
RSI Colors from High to Low:
Bright Green
Green
Dark Green
Light Blue
Dark Blue
Yellow
Orange
Red
Dark Red
Retest of the trendlineSituation
After profiting from the last short (last BTC analysis), we are in an interesting spot.
Breaking 10k will lead to a massive meltdown, due to the new algo targets created by the move.
Target of meltdown would be 8.2k.
8.2k is
-> the 0.5 fib from the move from 4k to 12.5k
->1.618 target from the move from 12.5k to 9.8k
-> massive support
Right now it looks like we will test 11k and decide from there, if we will continue the dump or choose to move to 13k .
-
Trade
-Long, if we stay above 10k and take profits around 11k (exact selling prices are red)
-Short if we close below 10k and see massive selling volume
BTCUSD: Monthly StructureThe above chart is an attempt at showing BTCUSD's monthly structure. As this market enters a sell rotation, it makes sense to be alert for potential reversals in the sub $10k area. Monitor the $9.2k-$9.8k price range for supply & demand imbalance hints. So far, BTCUSD is printing a correctional formation linked to an overall risk-off attitude that started sweeping through the markets as of the end of last week. Barring another 30% plunge in world indices, the risk-off mood will begin fading, and confidence will return to the markets, pushing the prices higher once again.
Sacred Mathematics Predicted Resistance Levels Since 2013Fib Fans using an anchor point from the lows in 2013 to the top in 2017. Predicted the local bottoms and tops quite accurately. What will happen in the future? I think the .75 level will be critical in the year ahead.
BTC to 10400??Here is a very simple chart which shows that BTC still hasn't broken the overall uptrend on the daily,
I have drawn an internal trend within the overall trend which has now broken. however price has bounced twice off the 38 on fibs.
typically a bounce off the 38 is the strongest move of the fib levels, on this chart that isn't the case.
IMO if we break below the 38 we should see a big move to the downside possibly to resistance. $10400 Mark.
For now this is a consolidation zone. there is a lot of indecision with BTC right now.
TSLA Share Price Trading In ThousandsTSLA price action has been heavenly for bulls and agonising for bears; the price of the stock has increased more than by 1000% in just a few months. The above chart is an attempt to illustrate that increase by taking a locked price to bar relationship of $5 per 240min of trading. The result is quite simple yet elegant — an easy roadmap to navigate for the upcoming year at least.
EURUSD: Likely To Correct This pair has had a decent bullish momentum as of lately; active long interest might come across as greed driven. Seemingly, the EUR bulls are looking to square off exposure, translating into an oversupplied market at least for a short-term correctional formation. The most prevalent scenarios are highlighted in the chart: bullish continuation in green and bearish reversal in red. A better understanding of the market dynamics will present itself as the EURUSD price action develops throughout the upcoming weeks. Staying tuned.
Is This Our 2020 Top? BTC/USD #fibcircle #bitcoin #crypto #btcHere again is that pretty indicator called the fib circle - and see where the red pointing finger is ? That would seem to be the top of this move if I have my circle fit correctly .Because we would be coming to the edge of that pink Circle line and would normally follow the line down a bit at that point , into the next circle ( the purple one ). I think this Circle fits quite well but you never know . Bitcoin can be extremely volatile and some people are calling for 13k or 14k . That is always possible but we also hit that TD Seq9 in green on our candlesticks and that usually means we will see retrace or downside . We should know within a week if this fib circle will actually hold or not . Also remember there is a CME futures gap below us around 96xx
Levels I am looking at for possible move to the upside! GBPCADHere!
800 EMA below price
Good structure for Fibs
Support and resistance
I am waiting for a likely push down in the morning and then another good push to the upside! There is many ways for this to go sideways at the moment! I am also looking at divergence on this pair to see if I can capture a scalp!
I am also waiting upon what could be a bad day for £ as its already falling at -0.30%
Typical Pound!
EURGBP: S-BAR Technical Analysis (Just My Thoughts) 07/18/2020What's up people? Hope you all have/had a great weekend. This is NOT ADVICE - just what I see.
SITUATION:
D, 4H, 1H, & 15M in Uptrend
BACKGROUND:
Been in an uptrend for quite some time.
ASSESSMENT:
- Market Structure (zone - I like zones) HL - sitting at $0.90643 and $0.90574 & New HH sitting at $0.91349
- Retraced to 61.80% FIB Level AND potential ABCD Pattern forming
- Counter Trend Lines Up Nicely: Once Candle Cross Counter Trend-line, Looking To Enter after 1st Candle Closes Above Counter Trend Line
- Above 50 EMA
- Waiting for Price Action aka Candlesticks to tell the rest of the story to determine entering for a "BUY": Look for that SNIPER ENTRY (Buy Limit)
- Projected "Pull Back" to Fib Extension: -27.6%
- Projected PIPS: 50 - 60
RESULTS:
Pending
USDDKK: Long opportunityFor some reason it won't let me draw trend lines on the RSI band. Looking to play off the bullish divergence established on the daily. There is decent support at the green line, which offers a good risk to reward. The overall trend is still downward, so I only plan to trade within the FIBS and take profits before the .382 or dead cat zone. Even if this range, the trade should still yield nice profits, as the final target is still over 1%. Don't get greedy without a take profit or trailing stop, it could easily knife back down at strong resistance.
Interesting buy opportunity for LTCUSDT, 1hThere is pretty strong support on S1 for LTCUSDT. Price tried to break it for 4 days and no luck.
Now it can be an interesting buying opportunity at bullish MACD cross.
1st target - 44
2nd target - 45.5
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and/or the script don’t provide any financial advice.
Buying opportunity for BCHUSDT, 1HPrice have pretty strong support in Fibonacci Pivot Points. There is also pretty nice bullish cross on MACD.
After that I expect price to turn and to go to R1 (~238), R2 levels (~244)
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and/or the script don’t provide any financial advice.
Selling opportunity for USDCHF, 1hUSDCHF failed again to break the S1 Fibonacci level so we have a pretty strong resistance at this level. Now we have MACD bearish cross so it might be a pretty good short trade.
1st target level - S2 ~ 0.938
2nd target level - S3 ~ 0.934
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and/or the script don’t provide any financial advice.
Short-term buy opportunity for BTCUSDTIt seems like we have nice support on S3 for BTCUSDT, 15m chart. Also RSI is relatively low and we have a cross for MACD below 0 line.
So It seems like not bar long opportunity. After that price can go to 9300-9350 levels after that.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and/or the script don’t provide any financial advice.
Pretty good long opportunity for USDCHFIt seems like we can have a good long trade opportunity for USDCHF.
On the 1h chart, we have a pretty strong support on the Fibonacci S3 level.
RSI is a bit oversold and we have a nice crossover on MACD.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and/or the script don’t provide any financial advice.
Are the Bulls back in force????!! BTCUSD... Good morning @everyone
I hope everyone saw our announcement last night in regards to the open section of the Discord basically merging with the paid, exciting times ahead of us.
As for BTC, yesterday I did mention that I was expecting some sort of pull back, where I'd be looking for a Fibonacci retracement , but happy to be wrong, we ended up pushing through that downtrend line without that pull back that I mentioned. This is now getting pretty interesting, there is an obvious target above at that level of Supply at 9600 and there are targets below, but the only thing that concerns me with expecting downwards movements from here is FOMO.
The reason I say that is, the alt coin market is doing exceptionally well & some of that sentiment might be flowing into BTC for now, FOR NOW. So if I had to look at some price points above it would be that Supply at 9600, but if we do break down (which is the scenario our indicators are favoring) I'd be looking back around that 9200 level where our downtrend line is still drawn. I'm seeing a some overbought and bearish divergence levels forming on our indicators especially our homegrown Streamroller indicator.
Prepare for both & trade safe
Bounce in WYNNSymmetry and the 618 along with a daily uptrend line just below those offer support for this idea. My dowsing method suggest a decent pop today, however I wouldn't overstay because I think the market may have some volatility Thursday or Friday. I'm targeting around $75.60
