Just testing the gartley pattern for my own study. Comments most welcome
Finally showing some positive action!? Bounced from long term support, printing a TD number 9 Buy signal on the weekly and heading for the resistance at .04. Todays action showed XRPs usual slump after the pump but then came back like Rocky in round 6 to take another swing into the resistance level.
A trade with over 3:1 R:R on RR! Breakout to upside of falling wedge gives a target at the first intersection of the upper TL Targets on the chart!
I have no knowledge of fractals, I'm hoping @Meszaros or some other genius can work it out?
Tesla price action printed a 9 and 13 DeMark signal on the D1 chart. Entry around 358 Stop at 365 Take profit 311 where the Demark support coincides with the .618 fib we will need to keep a close eye on this when it reaches the target as there is a large unfilled gap below
My study in NG, A good R:R on this trade, I have left a decent stop loss but I will probably close it if the price drops back through the .382 at 893 Stochastic looks bullish and sentiment is strong. TP 1 941 TP2 990 Would love to hear your view, positive or negative!
My study on MCD Price showing strength after a retracement in October below the 50 and 100 SMA. A confirmed 9 on a buy set up in Demark indicator on the weekly chart. Fib extension shows a possible target of 264ish, as does classical TA. Holding for around 350 days, this will give a profit of 35% at 0 leverage, or 176% at X5 leverage R:R is 5:81 Stop is...
Could this be the bounce I've been waiting for? MACD and Stochastics look like they are ready to turn, I put a small long and will be adding as we climb
Now we have managed to break out of the falling wedge, and we have seen a bit more volume, I anticipate a rise through to the resistance at the .618 fib, around .29, there is a lot of resistance above that, but I think we can climb out of this hole for now at least! Please leave a comment whether you agree or not :-)
Easy long trade, almost exact replica of the last bull flag, TP set at blue line for an easy trade whilst you sleep. best entry at .67720
LuckySalunky asked me for my price prediction on FTM, as I didn't actually have one but do have a small buy in place , I made this chart whilst waiting for my Sunday cooked breakfast! Here we see the price action from FTM. It's currently in an area of confluence created by the daily and 4 hrly fibs. I expect it to retrace to the local.382 fib at around 0.02298...
This thing will never take off until the bears and the bulls are satisfied. Both of them work to the fibonacci. The price managed to break the 0.5 twice already, but there was never enough momentum to carry on to a higher high as the bull whales didn't get their entry, possibly the FOMO was larger than expected, possibly the whales drawing in some fresh moonboy$...
Just looking at the chart and noticed a nice bull flag on the daily. Checked the fib retracement, and the target lines up perfectly with the ).618 golden ratio level (16.5)
Xrp recently broke the long time sloping support, but didn't break the super tough area at .28! Also XRP seems to be showing one of these fat bottom crypto patterns that seem to keep turning up!
The Fibs line up so accurately with the market structure, just had to share this one. Let me know your thoughts, positive or negative, it's the best way for me to learn. Thanks
If the weekly candle can close and hold above the Chuck Norris resistance box, it's off to $150
Double topped then forming the right shoulder. RSI and Stochastic falling (dont follow my idea's without your own due dilligence, I'm a newbie!)