Still holding our LTF Pitchfork sitting on the top end correlating with the 4h ltf 1.618 fib (With a long printed signal via my Elliot wave MACD Strat, this may confirm a wave 5 or wave 3 with 5 inc into larger pitchfork top end trend channel , if we loose the EMA support holding the LTF PF-Channel we look to the medium line of bottom of the high time frame fork, large fibs taken from prev ath in 2017 to the low, with low time frame fibs from the 2nd last swing high to low and again on the current. still healthy trend movements, now to view wave confirmations , (current bullflag hits fibs to a T . waiting for a break out of the LTF pfork at a shot of the top end of our HTF pf channel into extension fib targets - feel free to check out my trading history , the charts speak for themselves :) stay safe and dont fomo. Feel free to ask for a script to the Elliot wave/ MACD Buy sell Indicator. (98%)
Note
will be adding on a break out and 4h-8h close above the 1.618 Fib ( currently sitting on its res in correlation to p-fork channels. ( hope you took the long from my first re long set up a few hours ago. great profits.Note
RE Test of resistance, possible move from the high time frame 1.618 into our target zone of the 2.618 (53536-54448) resistance block (top of our pitchfork (pulled from the E-Musk high/low) channel confluenceNote
Chart played out S-2 meaning wave 3 was 5 and we set to bounce off our labeled long zone reaching our first 2 targets of 53536-54448 , with a 1day close above 52-53k we have established a new strong support/demand zone with major fib and pattern confluence , with a successful retest of the break out zone we can see a long to around the 55970 price point (taken from 52300-51xxx as our possible new long entry on retest - extension target before correction would be 59443-63448, a failed re test of this possible new support on 1d close would bring our long zone to the 48173-41xx range ladder, (fibs on chart)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.