Reached its fibo extension target and came back into its downtrend top. Expecting a pullback to its Resistance (23%) fibo and finish its last wave to the last of the bottoms (blue)
OVERBOUGHT. FIBO AT 61% AND TOUCHING A REAL KEY LEVEL (almost didnt break it to go downwards) Just broke the down-trendline passed over the EMA I see this pair is going to have a pullback where just markjed and continue to its 3rd elliot wave move
the last pullback on this pair was a 61% fibo retracement. It is since 20 days ago through a channel going downside and it reached the 100% fibo extension level, wich was also an important support and now its having it as a resistance. I think it wants to reach the 161% extension level and break those marked supports to reach its last trendline, make a pullback...
it Looks like on the daiily chart it finished its elliot wave, plus a BIG divergence (in d1 but also in h4) and a nice harmonic pattern all indicating its going to change its trend. plus its touching a big support resistance zone, the pullback already has been made lets see what do we got in the H4
So it went down as we expected, touched a weekly/monthly resistance, finishing its 5 elliot wave moves (didnt mark them because i wanted the cleanest chart i could have), and after it, the graphic shows a Divergence right at the bottom. So it fired up breaking some important resistances, it stopped litteraly at 61% in the fibo and made a hammer candle followed by...
waiting for its price action, its respecting a nice short trendline but the red trendline its been a real powerfull level from the weekly side, plus its getting closed by a top and a bottom, waiting for some long moves when it brakes the trendline EVEN IF IT DOESNT PULL BACK, WHEN IT BREAKS THE CEILING OR THE TRENDLINE GO LONG
divergence. already touched the 100% of the fibo extension and it went up. its RN touching the 38% so it will do a pullback and go back up. short 100 pips then long200
triple fibo, triple zone respect. Having a pullback and a bullflag forming
AUDNZD update, still touching both fibo levels andthis time with a hammer candle. POTENCIAL SHORT!
despite that scary bullish move, major key price indicates ausie is goin dowwwnnn
respecting double fibo´s levels, expecting a sell on this one