Elliot wave complete since COVID March 2020 low Projecting FIB targets for a zone of interest to potentially start accumulating or pyramiding long. A confluence of FIBS with Key horizontal Support, moving averages (200EMA), and Ichimoku. Wait for base to form and confirmation before entry and market sentiment to support the bais.
i think currently market is trying to consolidate and soon it will resume up trend and bulls will take control of market, because: 1. price is continuously above 200 days moving average. 2. during last three weeks for 5 days price gone above 50 days moving average. 3. most of the volume is in the range of $70.80 - $72.20 range which is above 200 days moving...
Buy orders set at Support Level dating back to 2012, the Level has not been tested very often, increasing the probability of a bounce. The level also acted as a strong resistance in the past. FIB level seems the most likely target for the bounce. Possible 8.5% + Trade, with high R.
- Just a simple observation, price is bouncing around the level. - Looking at it , it has gone up for a 2 month period then down for a 2 month period. - Looking to go LONG , on the DAILY . So possible 6% growth by 2019 . What do you guys think? Just by looking at the chart on the daily ?