See for more information @ my previous chart
In my journey to find an effective entry tool for my algo's based on trending markets I found the good old Guppy method. I tweaked it a little bit and it gives me a pretty good, technical and clean view of the market. The focus isn't about the crossovers, but the compressing and decompressing of the EMA groups on key levels, such as round numbers and fib levels in...
The wild ride isn't over. One thing's for sure, @ $45 I am a big buyer! Ultimate bottoms are a nice buying opportunity.
Significant Bearish Candle last week after a serie of Doji's. Can we go lower? Is 0.618 holding again?
It looks like Bitcoin has found some major support. We aren't there yet, volumes are still low, but there is some light at the end of the tunnel! This is also a chart from my former profile. I cleaned it a little. All S/R levels/channels are the same.
Went short nearly @ the top yesterday for the longer term.
Made my day!!! :-) 22:45 update: Almost hit 1.618 fib = 1.382. If it retraces I am looking to go short @ 1.393 -1.392. In the last big moves upward it retraced one or two times @ ± 0.618 fib. After the big rejection of longterm resistance the EURUSD can easily go back to 1.37 - 1.35. Also a more healthier level for the European Export!
Do we break out and set Fire to the Dollar??? Target tomorrow: 1.40 = 1.618 fib extension of today's swing. Other scenario is back to 1.382 = 1.618 fib extension in reverse = 0.618 fib 1.492 H / 1.204 L 1.382 plus a little above and below is a very important S/R zone; look back @ 1995!! It is also the zone where the Euro was meandering in the past weeks. 1.40 =...
Multiple times rejection @ 0.93 after break, a lot of confluence levels @ major S/R and Fibs. I removed the major trendlines to keep the chart readable.
It is a fact that there is a correlation between the AussieDollar and Gold. Sometimes Gold is a very precise predictor for the AussieDollar, weeks or multiple days ahead! :-)
Perfect bounceback @ upper channel line. Yesterdays pinbar makes a lot of sense.
Also an earlier published chart, no tweaks! Finally break out today??
I published this idea about a month ago on my former profile. No tweaks. I stay with the idea of a triple bottom before we go North!