Hey guys, So, on my last post I said I wanted to see price come up to 163.500 to fill that imbalance on the left and also retrace deeper into the higher time frame bearish fib (it was already hit but I wasn't convinced that that was enough I needed it to at least pull up to the .618 level. So now that price has given us that, we just need to plan accordingly and...
Hey guys :) So, after seeing some bullish movement this week, we are now waiting for price to retrace a bit deeper to that fib below and then show us what it wants to do from there. As per my analysis, I would like to see price retrace anywhere between 159.500 and 158.500 within the fib drawn above. It may not even retrace much further at all and just continue...
Hey guys, GJ is still consolidating and is just accumulating liquidity right now. It is creating some sort of 'Flag', but as you can see, its also consistently hitting each fib as its creating the Higher Lows in that 'flag'. All it is doing now is just enticing everyone to take either buys or sells before it breaks out. The 2 options plotted are just my 2...
Hey guys, This is my update for GJ for the next week or so. There are so many things that can happen from here, because as we know, the market is never straightforward. These are just a few of my projections and i will slowly eliminate options and adjust my analysis as the week goes by and we start to see changes in both market conditions and price action. I...
Just a couple of options i have drawn out for GJ. There are obviously many more ways price can move here. But these are just the main couple i am anticipating. Also note that the depths and amounts of retracements may vary - making it seem that there are way more options for price to travel but they are all pretty much the same - As long as the direction...
Hey guys, Just an update on AJ. These are a couple of the options i have drawn out as my biases. I am completely aware that price can continue bearish, and that price can also not retrace at all and continue bullish. If I am looking to enter, I need price to retrace to either of those key levels inside the FIB and then give me confirmations. This retracement...
I am leaning towards more of a bullish projection but I'm not sure yet it's too early to tell and I do not trade on Mondays. It looks so indecisive at the moment, so I need to wait for price to break out and show me what it wants to do. Don't forget we are stuck in choppy and unclear behavior at the moment, especially on the higher Tfs, so I am not looking to...
Similar to my previous post on the Monthly. These are my HTF projections So obviously, there's not much detail on them but I am a swing trader and I like to project from the monthly downwards as there is a lot that is missed if you don't analyze from the monthly down in my opinion. I have deleted the monthly fib because it clutters my chart but keeping this in...
For me to enter i would need GJ to come down and hit the current fib and 158.500 or 157.500 to buy it up. At 164.500 I'll need to assess what price wants to do to there because it can drop from there or it can retrace temporarily and fake everyone into selling at that fib only to continue bullish and raid everyone's stop losses. (I would if I was a bank) This is...
Price is now hovering in a Fib from the previous high on the Monthly TF. It has reacted to it and dipped but I'm not too sure how it is going to continue reacting for the time being. I only trade 1 or 2 pairs max at a time and GJ is one of them but i won't be entering until it breaks out indefinitely or shows me some kind of direction/bias. It can either respect...
There are really 2 options Price has here - but the thing that we need to carefully watch and determine is HOW DEEP that pullback is to go long. I am mostly bullish on this, but as we know - you can't ever be certain where Price is going or how it will behave. So, we need to prepare for all outcomes. Will be watching how sensitive price is at that Fib and those...
Bearish and Bullish options for the week and month ahead. I always like to include both options or a few because the market isn't always so simple as we know. As the week starts and price starts to move, I will adapt to the market conditions and adjust my perspectives accordingly.