E/U is now making its way to the broken ress level now support. Fibo a-b gives us a nice retracement of the 0.382 fibo level which allings with our support level. Doji candles maybe expected. Remember the market does what it wants so it could go straight through and hit 2 support lvl
A breakout from the TL has caused it to drastically move upwards. Now time for a pull back ! It has recently broke the support level and tested it again as resistance and the TL on the 4 hour. The MA soon to be crossing.
The major TL had been broken. The market has come slightly up for a retrace. I will enter when the diagnol tl has been broken
Possible H and s pattern.. predicting a break out (upside) of the pink area the market is in rn
-Going to prevous support structure which is now resistance. -Rsi divergence on the h1 and channel being formed. -Fibo extension 0.786 from high to low and fibo retractment 3.618 allign at the resistance. - Rsi going to oversold territory at above 85 on the daily Looking to sell at the zone above 1.30772
Might keep pushing until hitting the fibo and the T L ... Spinning top candle found on h1 Rising wedge formation found on m30 . Once it hits the TL i will short
Basically.. Big m formation in a triangle pattern... if it breaks out from M then short till 0.236 fibo level.. expect a retract back to the break out and it should then carry on falling till support t l
Chart pattern: Sym Triangle. Formation of a M pattern. IF it breaks out from 0.5 fibo level. short till 0.236 Should be expecting another Retract to the breakout Area and then short from their. :) Ive been trading for some months so dont bite ;0
Creating a big M after a trend breakout on the 1 week. Hit daily resistance.
Will retract back to the big m aka double top.. Might climb up the the trend line resistance... if momentum is climbing. Or will retract back to the previous big m break out and come down.