XLM to Move Above .20Stellar Move Incoming!
Look For a Wedge Breakout ot start this move.
and
An Invere Shoulder Head Shoulder patter could extend back to the summer high.
Ishs
ATOM to $16.548The value area high from the ATH to the low on June 18th is $28.18
If we take a fib from $28.18 to the value area low on June 18th
We find that .5 fib gives us confluence by lining up closely with a ISHS target.
I se the target between the .5 fib and the target for the ISHS
ALGO TO $.395ALGO showing heavy confluence at .395 cents
We have a ISHS target matching up with a volume profile and a fib with the same coordinates.
Let's ALGO to this target!
If Oil on monday continue to drop the target would be around 44!As you can see in the chart the currently active SHS is suggesting a target of 44, however we could also get another zig zaw first before getting to the target. See also Ichimoku_Trader's post.
The thin pink line is a line I drawn two weeks ago, so I'm not spot on, however pretty close ;)
NZUSD seems to approach a subtop. Waiting to go short for 2 daysInversely of my thinking in my previous post about the NZUSD, I'm now thinking that the NZUSD is continuing its journey to higher prices on the long term. The break trough the neckline on 0.70800 did not happen and from there it is now above its previous top (72983). The iSHS target(3) from the previous wave is 73352, and negative diversion on the RSI is clearly visible on the 1 hour chart, so I think around that level it will drop again to the rising trendline (thick black long line) and from there it could be rising again with target 76215 eventually (target 2 from the big iSHS). Unther the rising trendline it will be a complete other story...
Showing the capabilities of what I call Fractals (SHS and iSHS)We all know how to calculate a possible target when a a SHS or iSHS appears with a horizontal neckline mirroring the top-neckline distance. What is less known however, is the fact that sloped necklines can also be very supporting. In that case you take the point of the bar connected to the neckline with the greatest distance to the Head. In my example you cannnot recognize a SHS, but as you can see it workes (this time...) the same and also very accurate in this case!
I'm planning to make a Pine script to calculate the target value and to add that value as text and a horizontal line on that target value to the graph as in this example. I'm however completely new to Pine scripting. So, if anyone can give me some inside how to find the values where the bars are connected to my blue 'neckline' I would be very grateful!
