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Fibretracement

Fib Overlays on Lending ClubWanted to take a minute to line up LC to see what it looked like from recent high and lows under week time frame. I was amazed at its ability to dance between the overlays and show consistency to support laid out. Volume shows likely to the down side, however, RSI shows on its way to bullish with earnings on the way. Nasdaq community seems to be bullish and WS analysis have LC rated for a buy. www.nasdaq.com If volume comes with earnings this could provide the turn-around needed to bring this back from the bottom highs of long ago. Thoughts or feedback welcome. Do your own research and invest at your own risk. This is not financial advice.
NYSE:LCLong
by CEOSHMO
todays bullish volume the same as the biggest 2017Hopefully this shows up correctly on the chart , I tried to connect with a green trendline the bullish volume swell we got today to the biggest one we got in 2017 back on september 15th(which eventually took us to the ATH) . It is currently the same exact volume as it was back then and todays candle is about to close out as a massive bullish hammer. This is the type of hammer worthy of only being picked up by a Thor ....and I do believe bitcoin is that Thor. I say go long! If you can try to buy in at 7300 or under with the grey line on my fib retracement extention currently acting as strong support(6900) and the blue fib retracement line above that one acting as mild resistance(8020). I would say hold wherever you buy in and enjoy the ride because I think we finally found the bottom when it bounced off of the pink trendline around 5950. The signs we're receiving now all say buy. I think we could reach 10,000 in the next week before we see any significant retracement but this is only my opinion I could be wrong...I'm sure we'll at least see small dips along the way with opportunities to sell small amounts of your position just under temporary resistance lines and buy back just above the temporary fib support lines. Here's to the Bull Season. Keep in mind there's still a very slim possibility with all the bull traps and fake breakouts we've had that we could still plummet again but I don't see us doing aything further bearish other than maybe bouncing off the pink trendline once again to form a bullish double bottom worst case scenario...very slim chance at this point.
BITFINEX:BTCUSDLong
by DrDovetail
EOS Still Has a Long Way to Go; Target @ $17EOS has not even completed the five subwaves of wave 3. EOS has just completed subwave 4 and is about to start subwave 5. Subwave 4 is in the shape of a bull flag and is a ABC correction. Since subwave 3 was longer than subwave 1, subwave 5 is likely the same length of subwave 1 and hit $17. After EOS, completes the five subwaves of wave 3, it will likely correct to the 0.382 Fibonacci Level, which is $14. That gives us a good opportunity to increase our position and prepare for wave 5.
BITFINEX:EOSUSDLong
by aoeuaoeu
1
Wave C of ZigZag to complete following break of TriangleWave E in the contracting Triangle I posted previously appears to have completed as a 5 wave impulse. It looks as tho this impulse in wave E is being corrected by a ZigZag which is currently in wave 3 of C. A barrier triangle has formed as wave 4 of 3 in C. On the break of this triangle I am expecting a wave 5 to complete wave 3 of C, then be corrected by a wave 4 of C and be followed by wave 5 of C for a nice short term trade. After the A,B,C ZigZag is complete an impulse move to the upside for wave 3 would make my previous triangle idea look unlikely to unfold. However further downside below the 0.618 fib level would support the idea. Entry: Just below the break of the barrier triangle in wave 4 of 3 in C. Stop Loss: Just above the extreme of wave E in the barrier triangle in wave 4 of 3 in C. Targets: The most common retracement for a wave 2 is the 0.618 fib level off the impulse. The idea of using this area as a rough target is supported by a trend line drawn parallel from the start of wave A to the extreme of wave B of the ZigZag, from the extreme of wave A. It is common for wave C to finish equal in length to wave A in a ZigZag, this also supports the idea of C ending around this area. Note: Just noticed some labeling of the internal structure of the impulse is wrong and I cant change it but the wave counts still convey the idea correctly.
Short
by ciano1993
NZDUSD: Double Top at ResistanceHi Traders, Kiwi has formed a double top reversal pattern at previous resistance. I am looking for a "2618" opportunity to go short as indicated on the chart. Price is very close to the entry level at the 61.8% retracement of the move from the second top to the lowest point below the neckline. Entry: 0.72740 Stop: 0.73320 Target 1: 0.72060 Target 2: 0.71710 There is Australian employment data being released today, and Kiwi has some correlation to that event. If you found this idea useful, leave a like or comment, it is always appreciated. Remember to follow for setups every week. Luke
Short
by Beebags
USDCHF channel breakout [Long]KS on the 1h is bullish which could confirm the breakout but the indicator I like to pair with the cloud is on the cusp of turning bearish I use 1h charts to trade forex but the 3h made me put a hold on my long position because it's just not quite convincing enough yet If we see the KS and TS continue the crossover and the 0.236 line I will reopen and hopefully see the 0.382 or higher as a viable target. If not it's a good entry point back into the channel and continue shorting it as it corrects back to the KS. I am a relatively new forex trader full disclosure having traded stocks in the past but have been practicing and felt like this is the first post I can put out feeling confident in my knowledge. Hope it helps and remember to trade on what YOU think will happen
Long
by UnknownUnicorn187266
2
EURJPY: Long OpportunityThere is a valid 2618 long setup very close to market at 122.690. I have been in this trade since my order was filled in the first hour of trading last week. We didn't quite make it to the first target at 124.64 and have since dropped back down to entry price. The trade is still valid, so if you trade double bottom reversals (2618), this is a chance to enter if you somehow missed the first touch of the 61.8% (it happened rather quickly). Trade plan: Entry: 122.690 Exit: 121.360 Target 1: 124.640 Target 2: 125.490 This is a large setup so only take it if it meets your risk tolerance and trade requirements. Good trading, Luke
Long
by Beebags