Get started

Support_level

Possibble Bullish Bat & Falling WedgeHi all, This is just my opinion and i have to say that i'm not a pro just a newbie trying to learn. First of all i want to start with elliot impulse wave. First wave has to be shown after a horizontal or an opposite trend. This one start after an great uptrend so it seems cool. Second wave is usually between 38.2 and 61.8 of first wave. People believe that uptrend still goes. It seems cool too. So i think we'r in third wave atm and it will end at the area which both falling wedge and bullish bat will be formed around 410$ ( it's a very very strong support level) And all factors push the price to about 795$ and thats the 4th wave i think. If all those happen then we have to wait last wave. It's just an experimental work. Please do your own resarch. Also if you have anything to add or if you see something wrong with my idea please add a comment i would be really happy to see my mistakes. Thanks.
BITFINEX:ETHUSD
by zgrcyd
Locating Resistance and Support LevelsLocating Resistance and Support Levels > Basic Education Chart: EURJPY Timeframe: 4H & Above Method: Line If uncomfortable with ability to chart with Fibonacci, you may find using the Line Chart easier in identifying the Resistance and Support Levels. From the closing price, simply locate the lowest low's and the highest peaks and draw a line straight across from the bottom of the low and the top of the peaks. Always best to have multiple low's and peaks to draw from as this will help in a more accurate result. From there, you can easily see the price of the Resistance and Support levels. In addition, it can also provide a clear picture as well if any break or breach of a particular level was a true break/breach or was just a re-test by Bulls/Bears. Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59