We have support from the 50 and 200 ma. We BUY now and SELL at a later time.
BEARISH GARTLEY formation with an OVERBOUGHT RSI and ADX 33 + indication.
BULLISH CRAB GARTLEY formation taking place with an OVERSOLD RSI and ADX 22 and rising !
View4U 1 minute ago New Structure LOW, LOWER HIGHS and then back down to 25% . ADX above 25 and RSI below 50 line looks like this set-up will get outside price and and stay below ~
The stage is set for a bullish run that has, golden ratio pullbacks and throwbacks. There is an inverted head and shoulders with consolidation happening. Let's see if an 'above' price type of effort takes place. Looking 'forward' for the bulls to take charge, then we will ASSUME ! Watch the 50 sma and the 200 sma. Let me know what'cha think ?
To the left a 'pole' was created with a lot of consolidation. there we have a New Structure High and a .618 throwback into the market. the next swing high reached 25% of the NSH. Now, a symmetrical triangle can be seen with more consolidation above the 200sma and 50 sma with a bullish KUMO TWIST in our future with little turbulence ! Once price gets 1 tick above...
After a BEARISH run of price action . . . we have better than .382 PULLBACK in the market. This gave us a NEW structure low and a subsequent .382 (pullback area). Then a BEARISH throwback into the market which met RESISTANCE within 25% of the original BEARISH pole (higher low). At 130.755 is a LOWER HIGH which gives us a symmetrical triangle effect. Once the...
This could be a good pitchfork approach with ADX approaching 25, if it's in the green will the overbought have what it takes for price to go up ? Also, there is a .618 from a previous swing high - any comments ?
This .618 Pull-Back is showing the RSI-2 about to be OVERBOUGHT as it might reach the value of 95. The ABCD pattern could go an equal distance for a market SHORT purchase. All his is happening BELOW the 20 SMA, 50 SMA and the 200 SMA, respectively ! We will follow up with a standard Stochastic setting crossover before placing our order !
A throw-back will occur now that price has hit the 200 SMA. This will happen soon after the RSI-2 value of 95 is reached and starts to come back down. Price may then come back down to 0.77456 At this time the HARMONIC zig-zag may very well continue 13 WAVES, now heading downward on it's 7th WAVE !
This pair could buy a little more, but then the price will be going down ! This is showing a BEARISH GARTLEY !
Formation of Cup & Handle with 2 Reward/Risk. Price looking to achieve .382 level.
Eventual Bullish trade set-up for a 1:1 Risk to Reward Ratio.
Stop-1.26886 Limit Sell-1.26260 Take Profit-1.25870 Consider this SPECULATION.
This may be oversold on the Daily time frame. Fib lines are in place !