CesarMalacon

CesarMalacon

Here we find several aspects converging. The blue thick line is the long mod term bearish trend. After the April 27ths big break downwards, we see a green trend line The price went down revolving around the trend line until finding bottom in1.71097. It presented a small pullback and then relentlessly broke back down to the same levels of the previous bottom, this...

CesarMalacon

Here we find several aspects converging. The blue thick line is the long mod term bearish trend. After the April 27ths big break downwards, we see a green trend line The price went down revolving around the trend line until finding bottom in1.71097. It presented a small pullback and then relentlessly broke back down to the same levels of the previous bottom, this...

CesarMalacon

On the verge of the descending channel for several candles now. The last candle is pushing up. The price level seats around Fib. 50% from the longer trend. It looks like if it should continue to reach the channel's support, however, it is testing the resistance. The Stoch is high also flirting with a move down.

CesarMalacon

If price brakes TL resistance, and manage to go past the EMA and MA. Can go further up. Also the stoch is showing possible accelration upwards

CesarMalacon

If the price goes further south, it could confirm a bearish butterfly pattern

CesarMalacon

the harmonic patter could be a bearish butterfly.... if this pullback goes further south, it can be a retracement.

CesarMalacon Updated 

It tried to do an inverted cup & handle , the handle fell short however. Still the dynamics of the trend respect the direction we shall expect. 50EMA above the price and above the 20MA. It also broke a slightly bullish trend . The price has shown trouble to go through the psychological barrier of 0.7519 - 0.7527, shown in the circles. Shall it goes through, it can...

CesarMalacon Updated 

check the circles. It's presenting a pattern very similar. Expecting a repetetion of that storyGB

CesarMalacon

Just look for the geometry... the red circles indicating strong points of rejection at about 1.5577 The width of the swing movements signaled with horizontal blue arrows at both sides of the central dip, and finally the marroon triangles at the bottom.... going to touch the fib. 61.80? then to continue downside?

CesarMalacon

let;s see how it develops

CesarMalacon

The pattern is a guidance to what it could develop further. A retracement until support of trend line, which is also around the 50% fibonacci retracement. So it is a short if < 972, then a long, opening a buy stop pending order above 917, to get it on the fly

CesarMalacon

yellow squares white elipses grey arcs Price action is been closer to one of those. Shall it bounce just to the yellow LT? or all the way back to the grey thicker one?

CesarMalacon

Looks very symmetric. The extension further down after the spike up of course needs to be "validated"

CesarMalacon

Has broken two several years long down trends. MA 20 is supporting the run up now Has bounced on the first fibo level -23.6 on this retracements catch it on the flight

CesarMalacon

For those who can wait. Symetric tirangle formation Head and shoulders possibility spotted MA 200 and 50 days close to converge above the price level Lurk it patiently for a short.

CesarMalacon

Possible Cypher Pattern forming, to consider a long position.

CesarMalacon

Pushed by a positive JOLTs opening the pair broke down the ascendent wedge. But this chart is just to acknowledge the apparently ubiquity of the Fibonacci levels. Circles indicate how the price action was following the levels quite accurately. I'm bullish biased on the mid term for this one. FX:EURUSD