ForExtraPips

ForExtraPips

I placed a 45 degree angle off the swing low on the 23rd of June @ 2691.99. Then I found the square root of the low, which was 51.88439071. Then I added two and squared it, to find the 360 degrees. That gave me 2903.53 (rounded up). And where price is currently at in regards to both.

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After finding the channel, I placed a vertical line off last week's low, and where it intersects with the upper channel is where I'm watchiing the 2875 area as possible resistance.

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It looks like the bulls are losing momentum on this current leg up. The Stochastic Oscillator (14,3,3, setting) is showing a divergence. I'll be waiting until after their earnings come out next Tuesday before I decide where to "put" my money on this.

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While price has been closing at the upper end of the channel for the past three weeks, a bearish divergence is forming on the Stochastic Oscillator (14,3,3, settings). Also included is a 50EMA.

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While price has been going down, momentum has been going up, based on the stochastic. (20.5.5 settings) Looking for price to break out going north. Just like in the past, you'll see as price was going up, the monentum was going down, before price finally fell. Also included are a 50EMA and 200EMA.

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I connected the two low candles with a trend line, where the yellow arrows are pointing at, and let it travel in time. Then I took the time line of yesterday's swing high and placed a vertical line there. And where the two intersect at is where I'm watching as possible support. Also included is a 200EMA.

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Price is approaching the upper part of the channel, while showing a divergence on the stochastic. (14.3.3. settings)

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Stochastic settings 14, 3, 3. And a 50EMA.

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Stochastic Oscillator settings 20,5,5. Also inclcuded are a 200EMA (orange) and 50EMA (purple).

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Stochastic Oscillator settings 20,5,5. Also inclcuded are a 200EMA (orange) and 50EMA (purple).

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First I connected the yearly swing highs and swing lows with the yellow trend lines. And where they intersect at on 7-18-18 is where I'm looking at the final top before the drop. Then I'll be watching if price breaks through the lower channel line, where the yellow arrow is at, to end this counter trend move. Targeting the 2600 area.

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After finding the channel, I placed a vertical line on the swing low and the swing high and where they interesect with the channel to find support and resistance. The 2752 area is what I'll be watching today. And looking at futures, price is currently sitting on the 2752 area. And if and when it breaks that, then I'll be watching the 2646 area next.

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Connecting the two swing highs with a trend line and letting it travel in time. Then taking the time line of the swing high during the week of 2-12-18 and where they intersect at is what I'm watching for the next possible support area @ 1.1365.

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After finding the channel, I placed a vertical line on the swing low on 4-25-18. And where it intersects with the upper channel, I'm watching the 7763 area to see if it starts falling from here. Then if price doesn't make a higher high than yesterday's high, I'll be watching the 7065 area as next possible support, after placing a vertical line on yesterday's...

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With the two white trend lines, first I connected a swing high with the higher swing high. Then the swing low with a higher swing low. And where the two meet, price of interest in the future @ the 2820 area, where price seems to be currently trying to head towards. Then with the two yellow trend lines, first I connected a swing high with a lower swing high. ...

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After price broke through the channel, I placed a vertical line on the upper channel high to look for support. Then I placed a vertical line on the lower channel low to find resistance. And the two levels that I'm currently watching on the hourly.

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After finding the channel, I placed a vertical line on the swing high and where it intersects with the lower channel, to find support, which will now act as resistance, since it broke through it. Then I placed a vertical line on the swing low. And where that intersects with both channels, since price is below it, also gave me two other areas of interest as...

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After finding the channel, I placed a vertical line on the yearly low and where it intersects with the upper channel, 2775 is acting as resistance.