FedroChristian

FedroChristian

>MAJOR AND MINOR FIB EXTENSION & INVERSION LEVELS COME IN CONFLUENCE WITH ABC PATTERN COMPLETION + THE TRENDLINE THAT ACTS AS RESISTANCE. >ENOUGH FOR YOUR CTS GUYS? IF NOT YOU CAN WAIT FOR ANOTHER CONFIRMATION SUCH DOUBLE TOP IN REVERSAL ZONE OR CANDLESTICK PATTERNS THAT SHOW BEARISH SIGNAL. > FOR ME, GO SHORT AT 127.290 LOOKS ENOUGH TO MAKE SURE WE CATCH THE...

FedroChristian

FLAG PATTERN BREAKOUT. STOCHASTIC ALREADY OVERBOUGHT INDICATING A LITLLE RETRACEMENT IS POSSIBLE, WAIT FOR THE PRICE RETRACES TO H. SUPPORT. GO LONG. AND THEN TAKE PROFIT AT FLAG TARGET THAT COMES IN CONJUNGTION WITH THE 1,27 EXTENSION AND D POINT OF THE ABCD PATTERN. (WHICH MEANS THAT COULD ALSO BE POSSIBLE SHORT OPPORTUNITY, IF YOU'RE AN AGRESSIVE COUNTER TREND TRADER)

FedroChristian

EVEN THOUGH BOTH SCENARIO ARE POSSIBLE, WE EXPECT THE PRICE WILL GOES UP BECAUSE OF THE UNDERLYING TREND AND MOMENTUM. FOR LONG, THE TARGET COMES TOGETHER WITH THE 1.27 FIB EXTENSION. FOR SHORT, THE TARGET IS CONFLUENT WITH THE STRUCTURE ON THE LEFT, 618 FIB RETRACEMENT AND EMA 240 LINE, WHICH MEANS IF MET, IT WILL PROVIDE A REALLY GOOD LONG OPPORTUNITY.

FedroChristian

EVEN THOUGH BOTH SCENARIO ARE POSSIBLE, WE EXPECT THE PRICE WILL GOES UP, BECAUSE OF THE UNDERLYING TREND AND MOMENTUM. FOR LONG, THE TARGET COMES TOGETHER WITH THE 1.27 FIB EXTENSION. FOR SHORT, THE TARGET IS CONFLUENT WITH THE STRUCTURE ON THE LEFT, 618 FIB RETRACEMENT AND EMA 240 LINE, WHICH MEANS IF MET, IT WILL PROVIDE A REALLY GOOD LONG OPPORTUNITY.

FedroChristian

THE UNDERLYING TREND IS BEARISH SO FAR, THE ABC PATTERN COMPLETION GIVES US THE SHORT OPPORTUNITY , IT COMES RIGHT ALONG THE 618 FIB RETRACEMENT + THE 240 EMA (BLUE LINE). THAT STRENGTHEN OUR PREDICTION, WE EXPECT THE PRICE WILL GO DOWN TILL IT HIT THE STRONG SUPPORT LEVEL AT THE OTHER 618 FIB RETRACEMENT.

FedroChristian

THE UNDERLYING TREND IS BEARISH SO FAR, THE ABC PATTERN COMPLETION GIVES US THE SHORT OPPORTUNITY , IT COMES RIGHT ALONG THE 618 FIB RETRACEMENT + THE 240 EMA (BLUE LINE). THAT STRENGTHEN OUR PREDICTION, WE EXPECT THE PRICE WILL GO DOWN TILL IT HIT THE STRONG SUPPORT LEVEL AT THE OTHER 618 FIB RETRACEMENT.

FedroChristian

Perfect pattern guys, the Fibs are all connected to set the pattern up + we got RSI Divergence. Now, time to go short and take profit at the 50% retracement that comes right above the last support. Perfect.