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Market Geometry

AUD/CAD LONGHi traders I spotted an intteresting opportunity on AUD/CAD. Ignoring all the pink arrows, which are the last impulses and retracements I use to detect the current market structure, we could be at the break of a new long impulse. It´s arriving to the .786% Fib Retracement Level and the .618% extension of a last microimpulse. It also has a good oversold level on the RSI. The Risk:Reward is 1:5, so it´s great! The confluence I saw is that is a GREAT area of support, tested and retested in the past. This is just an idea. Remember two things more important than technical analysis always: 1) Have good risk management. 2) Have a good and calm approach to the market. Be safe, profit well!
Long
by JoseMier
DEATH OF A BULL MARKET 2019 Back in late Aug 27 2018 I had a cluster of fib and spirals due for a major top as the alt to jan 27 THE TOP from these dates I had panic cycles into late year . and projection low 2334 to 2279 the low cash 2346.7 I when had a forecast to project a new high into 3081 to ideal target 3181 . But stated along the way trouble into 2762 gann with alt fib 2862 peak 2860 I now have projection for a mini panic into date of focus on or about 4/11 2019 for wave C down to mark WAVE B LOW for the final buy panic into blowoff wave D . NOW the alt structure have been posted for some time that we are ending a wave 1 or X AND ARE STILL VALID AND ALT AND PREFERRED POINT TO A SELL OFF WE ARE IN NOW . I will not short based on the one count of a wave 1 up . I will how ever wait for wave C DOWN INTO 2706 TO 2666 IDEAL WAVE C of B OR WAVE 2 will project up into may to july 10 peak . To make a point the bear market correction started jan 27 2018 and is still in force THE LOW OF DEC 26 WAS THAT OF THE FOUR YEAR CYCLE LOW AND THE WAVE D UP IS DUE TO THAT LOW
SP:SPXLong
by WilliamSignorile