Damako

Damako

Possibility to reach the 116 to 125 level, creating double top and that is the 127.20% to 141.40% Fibonacci XA, before drop down. If failed to break the current resistance, that would be only the 127.20% Fibonacci of AB, then drop down Watching this creating Harmonic Cypher Pattern.

Damako

This harmonic Gartley pattern has a potential to touch the 200 moving average. The 88.60% of AB is the possible resistance and could confirm the fake break out and false target price of H&S pattern. Below the 200 moving average is 78.60% of XA which is within the target zone of Gartley D leg. PRZ - 113% - 161.8% - BC

Damako

I am more bullish with AAPL, and making another All Time High in short period is possible. RSI and MFI is pointing up and above 50 level. Share you thoughts about AAPL if 2022 for Apple will be good or not.

Damako

This Harmonic pattern has a potential to break the upward trend. The maximum range 88.60% of AB of Butterfly, the completion of BC leg is possible to reach before fall down. White line is support level and also pointing to PRZ of Harmonic Butterfly Pattern.

Damako

Round Volume pattern and round candles pattern. Buy 890 to 900 TP1 950 TP2 1k

Damako

TSLA drop more than 3%. This price action looks like downward pattern and where it want to go. Is 10bil worth of taxes will have a negative affect on incomming Earnings Report this 29 of January.

Damako

Price is trading below the 50MA. Failed to break the All Time High and make lower high at 88.60% of AB. 2 years trend line is about to break.

Damako

USDJPY on 1H TF two times price rejection at 114.30 to 114.40 level. Bearish Divergence on MFI. But there is also a Hidden Bullish Divergence on MFI.

Damako

Plan your trade. Set Entry and Exit point. Secure Profit. Greed is Good, "BUT", Always trade according to your plan.

Damako

USDJPY Daily is trading above 50MA. The Broadening Wedge could be the extension of the bullish momentum, targeting up to 100% of Fibonacci Extension. 117 to 118 level. The minimum 161.80% D leg of Butterfly is also agree that this broadening pattern is bullish.

Damako

This momentum is not yet ready to break the Resistance level and the 200MA, but this could be a good indication showing that the bulls is want to break the 200MA and going to bullish trend. One good entry for short position today. Disclaimer: This is not a recommendation to BUY or to SELL.

Damako

This impulsive wave on weekly time frame for almost 4 years, started on 2018 of December, requires a price correction base on Elliott wave theory. The 38.20% to 50% and up to 61.80% Fibonacci retracement of the impulsive wave is my expected drop of price, together with the 200MA pointing upward that will serve as support level. Supporting this idea Death Cross...

Damako

The long upper wick of the candle is a sign of price rejection. The first bearish pin bar on November 22, followed by another higher high long upper wick candle on December 1, is a sign that the trend is about to bend. Confirming the two sign is followed by another higher high with Bearish Engulfing Candle, this candle pattern could be the confirmation that the...

Damako

The cross of MA50 and MA200, also known as Golden Cross for bullish trend and Death Cross for Bearish trend. FB is almost two years in upward trend from the start of pandemic, but the death cross on December 10 cannot be ignored, even it is fake or not. Price is trading above MA50 and MA20.

Damako

Ford will fall. Two times price rejection. MA20 support level is weakening. This could be a distribution phase.

Damako

This chart pattern may looks like a Bearish Pennant, for the extension of a down trend of EURUSD. This could be the last deep before the true reversal of the price.

Damako

After two days bounce of $TSLA at support level of the bullish pattern, yesterday $TSLA closed inside the Potential Reversal Zone. The expected retracement is between 127.20% to 161.80% of BC. * TSLA PRZ *Correction

Damako Updated 

$TSLA, From reaching the all time high of 1,243.07, Tesla creates and nearly completing a good one example of Elliott corrective wave or Zigzag. In Zigzag rules: Zigzag is subdivided into 3 waves which subdivided into 5-3-5 waves. Wave B never moves beyond the start of wave A, wave A and C is subdivided into an impulsive or diagonal, and wave B is subdivided...