Skuzika

Skuzika

Firstly we can see a clear cup and handle and therefore I expect a rise to a triple top. After that, the pair should return in the triangle and make a fake breakout from the support line and extend to the 1.678 Fibonacci level. I confirm my hypothesis with a divergence on MACD and the bushfires in Australia causing economic slowdown and weakening the AUD.

Skuzika Updated 

After a triple top pattern, the stock did unexpected pullback. This caused negative divergence with Stochastic oscillator and it is confirmed by MACD. The support and resistance are set to buy Fibonacci retracement & Fibonacci projection. .80% exit on 0.786 .20% on 1 The main use of the analysis is to follow personal progress. Feedback is highly...

Skuzika

The idea is for the purpose of following personal progress. Comments and feedback are appreciated. #EMA #MACD Please do your own research before making trading decisions!