Hello everyone Quick Fib trading plan We can see that AAPL is in an uptrend overall, although it did gap downwards a few days ago. According to my analysis, there is going to be a leg down to $136-137, supporting this idea: 1) Fibonacci retracement going to the golden pocket (61.8-65) 2) Fibonacci extension 1.618 drawn from the top to the previous leg down...
Hey everyone, today I bring you guys an analysis on XLM. As we can see in the chart, there is a Bat pattern, with a cluster in the zone 2173-2193 which is the buy zone. This pattern has a win rate above 80% , so let's check it out! We can also see that volume is decreasing while price goes down, this means that this dump is losing it's power , which is bullish...
Hey everyone, today I bring you a ZIL/BTC chart on the hourly. As you can see, We have formed a AB=CD pattern , although it's not perfect (see on google the proper fib levels) , it's quite good, as the point C is close to the 61.8 fib (it went to the golden pocket (61.8-65) ) , and the point D is at 1 (Length from A to B, dragged to C) . By doing the AB=CD...
Hey everyone, today I'm going to make my analysis on BAT and explain my point of view, so let's begin! When we climbed, we were reaching a previous resistance (the bearish engulfing bar at 2 march 12-16h), if we watch closely, we had a long legged doji, which usually signals a top(depending on where its formed) (it's a bit subjective, may not be a doji, but the...
Hey everyone, today I will bring you guys my perspective on this rally. Here we can see an analysis in the 15min chart : This analysis is based on symmetry, as we can see , this pattern was already made by the smart money, check 28 Dec 2018, similar strong volume , even before the big jump, the price movement is really similar. If we look at the RSI, in 28 Dec...
Analysis on the Hourly: Here we can see a shooting star formed with high volume, this indicates that a lot of selling was done at this point. If we watch the rsi closely, it formed a double top, which indicates going down. Now there's two possibilities: 1) Either it keeps going up and touches 652-655 (Fibonacci cluster) , 2) Or we have a short-term...
Hey everyone, today I will bring you my perspective on this rally. First, I can see a Three White soldiers pattern formed , with the only noticeable problem being the Volume dropping a bit while rallying. This pattern is common to see after a strong downtrend, indicating a possible reversal in the trend. We can also see that a Bullish Divergence as occurred...
Chart Legend: Blue line= downtrend MS (orange line)= Minor Support Analysis: Major Trend: Downtrend As we can see in the chart, there is a possibility for a double bottom (W), but the pattern is only confirmed after breaking the neckline (1.42). There is also a Morning Star pattern , suggesting a possible reversal! In this chart, we can approach it in two...
Chart Legend: R= Resistance S=Support Blue lines= downtrend channel M.S (orange line)= Minor Support Analysis: Major Trend: Downtrend As we can see, EURUSD is in a downtrend channel, so let's follow the trend and only make short positions! According to MACD, It's giving us a down signal (fast line crossed below the slow) There are two options here for an...
Hey everyone, in this chart we can see a possible inverse Head and Shoulders forming. There are two entry points: 1) Aggressive entry: Enter after it bounces off the possible right shoulder 2) Normal entry: Enter after it breaks the neckline at 0.8644 Take profits: 1) For the Aggressive entry, we have two take profits: 0.8732 and 0.9103 2) Normal Entry: ...
We can see in this chart two possible situations: 1- There seems to be a double bottom (or called W) pattern forming, the pattern is completed after breaking $7500, and the target of the W pattern is $8600 (1), meaning we will break the downtrend channel, and after that, we may see a retest. 2- If the above doesn't happen, we may see the trendline (blue line),...
Chart Legend: A,B,C,D,E = Elliot correction wave Horizontal Black line = Support/Resistance Blue Trendline = Current/Major Trendline Yellow Trendline = Possible Trendline if this occurs Analysis: Major trendline= Up As we can see in this chart, I measured the patterns and they have a deviation of ~5%, in all ups and downs, so I projected the next move. In...
Chart legend: Downtrends= grey Uptrend= blue Support = black Resistance= yellow Past price analysis: Price broke trendline(1) at the beginning of the year, then proceded to break trendline(2), moving to resistance (1) (actual price), now we can look at this in 3 ways possible: 1- Price goes to 23.6 retracement(which will act as support) and retests the uptrend...
Chart legend: Uptrend= Blue Take profit= Red Symmetrical Triangle= Purple I decided to include past analysis, because it will be useful for this one. As you can see, it formed a symmetrical triangle, which broke out upwards, and the take profit is the height of the triangle! Now, there are 2 ways of looking at this point: 1- Either price maintains the...
Chart legend: Uptrend= blue take profit= red area Major trendline is UP Secondary trendline is also UP According to past events, on day 30, we saw a decline in price from $2.38 to $1.63, after that, consolidated during a full day, next day it exploded to an all-time high! From this information, we can see that the patterns are similar to day 4 and on. There are...