Silver Fibonacci Analysis 03/02/2021simply showing the power of Fibonacci
we had seen a Bullish Divergence and Hidden Bullish Divergence on MACD and by the confluences of 4 Fibonacci tools (Retracement, Extension, Projection, Time Zones) in an ascending Chanel...
So we are
Speculating...$$$
A TP Zone Starting from 39.43$ to 41.16$
a Safe and Sure TP can be 39.43$
It is a Swing Trade and it Shall take Few weeks time to develop.
I am expecting the TP to happen at middles of April 2021,
Please thanks Me In the Comments when you enjoyed your 125250 PIPS of Joyful Profits.
Fibproportions
$EUR vs. $CHF Daily Chart. Upside Termination| #eur #chf #forex Traders,
The five-wave sub-minuette impulsive pattern is coming to an end, paving the way for the larger minute degree, 5-wave sequence to start its 4th corrective wave structure.
When subdividing wave 3. into five smaller degree waves, we see that its concluding 5th-wave can be seen unfolding into a contracting/ending diagonal pattern, composed of five internal waves, subdividing into 3-wave sequences.
Fibonacci price measurements converge, projecting terminal price targets, which indicates that price action diffuses, loses its momentum and energy, so at that point we create a "reversal signature", where a price rejection could be enough to validate the diagonal's completion.
Downside targets are already measured, however, an update of them will follow after the reversal signature has been confirmed.
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