Elliott Wave Principle, turns chart into a language. Publish for own fun of prediction. Not financial advice.
Elliott Wave Counts. RSI Trendline Support Failed at 12 Hour Timeframe Heading to Golden Ratio of Fibonacci.
What will be going on? Roll the snow ball until the election then wash hand?
Personal opinion: 1. This week is bullish week due to the recent earning reports which are positive. 2. Expecting more bears to come around 26350. 3. Buy some put options as to fasten your seat belt. My 2 cents.
Price Higher High, RSI Lower High at both 2D & 3hours charts.
Hi, I am just learning the fun of doing technical analysis by drawing the trend-lines and Fibonacci ratio and Elliott Wave. As the market is full of "bulls" and "bears", so there are always having more than one possible of the Elliott Waves can be. (Who the hell can be the king maker for this.) As the Gtwenty......well, I am not going to explain by typing a lot...
60min chart 30min chart 10min chart 5 min chart Bearish divergence
RSI shows bearish divergence. Target 0.236 Fibonacci Retracement (About 10 dollar).
12345 Impulsive Elliott Wave is observed in 15 minute time-frame. Aiming to enter around 180.5 - 181.0 for short position. Target for 0.236 to 0.382 fib. retracement.
Everything comes with a purpose. That's nature.
Very bearish month as not even a "tail" formed while hitting Support at Fibo 0.786. Stay calm and patient until the unpredictable Wave C finished for Long position.
Expecting the price would go slightly higher as well as RSI and forming bearish divergence signal for Elliott Wave 4 (EW4), which price shows HIGHER high, and RSI shows LOWER low. My two cents. Good luck!
5min, 12345 Impulsive wave done, Entering Wave A (RSI/MACD Bearish Diverging) 15min, 12345 Impulsive wave done, Entering Wave A (RSI/MACD Bearish Diverging) 60min, 12345 Impulsive wave done, Entering Wave A (RSI/MACD Bearish Diverging) Personal opinion. Good luck!