there has been a break of the trend line. I'm awaiting a retest to the fib level where the break of the trend occurred before longing. blue zone is tp1.
2 things can occur at this moment. either a break of the trend line signifying trend reversal. or, a continuation of the downtrend to .618 fib level. if it continues down, short. if it breaks, wait for retest and long. will update idea.
Just wanted to share that it went up to the trend line after it hit the fib levels. so maybe potential long depending on what plays out.
Trend is down. Currently oversold. Will most probably rise to fib level and drop then.
This is my first publication, I can use as much feedback as possible. Set Tp at .618 fib if it clears resistance line.
tp1 tp2 hit and down trend gunning for tp3. Can still go up until decides to drop. Could enter now and put stop loss where it says or wait and put sell limit at around 1.1431. If clear resistance zone, it will most likely hit. PS: all feedback is much appreciated.
long until it gets to .618, theres been a downtrend with each peak hitting golden ratio. Short when it gets to .618.
Hey guys; not sure if anyone here is interested in a somewhat long term investment, but the TSX should drop down to 2 levels. The first one should be at the 2.618 level and the second, which should be where it terminates and decides to go long is at the 4.236. Could attain this goal anywhere between February up to Aug of 2018. If anyone has feedback let me know please!