ellynacci

ellynacci

There were so many Bullish signals earlier for GBP/USD including Triple Bottom and significant trendline breakout (in pink). The price has sharply rejected on Fibonacci level 1.618, retraced and continue on the rally. However, it is wise to make any trading decision after the breakout of the Triangle.

ellynacci

I know there are too many drawings here - let me break them one by one. First, let's refer to the big downtrend channel where the price has made a huge breakout on the upper trendline. On the bigger picture of the Daily timeframe, we can clearly see the channel is a Bullish Flag. Second, take a look at the blue Fibonacci where the price has sharply rejected level...

ellynacci

There is a BUYING opportunity upon the breaking up of the Great Wall! The price has initially bounced on Fibonacci level 1.618 before it completed a reversal saucer pattern (in blue) and created a new uptrend channel (in purple), indicating increasing interest among buyers. However, as part of better risk management, the buying signal only valid after the Daily...

ellynacci

The price for S&P has been fluctuated between upper and lower parallel upward channel for four months, which could complete a cycle period for profit taking. However, this channel has been broken significantly last week where the Daily price closed below the channel, which could be adding more sellers in anticipation of the breakout. S&P has made a Head and...

ellynacci

The price for DJI has been fluctuated between upper and lower parallel upward channel for three months, which could complete a cycle period for profit taking. However, this channel has been broken significantly last week where the Daily price closed below the channel, which could be adding more sellers in anticipation of the breakout. On the selling levels,...

ellynacci

DJI has fall significantly since before the market closed on Friday and continued this rally on early Tokyo session as the rest of Safe Havens shoot up earlier. DJI has rejected an upper channel of Fibonacci Fan and dropped continuously to lower channel of Fibonacci Fan at 0.75. This level is critical for decision making; looks good to long, however if this level...