Trend Based Fib Firstly Zoom out and see the Trend Based Fib from previous consolidation levels. Ok early descending channel. Look. Fibs with Trend Based Fib are to get the lows, highest high to low, to lowest high. EXPERIMENT! Get to know the levels from fibs, work it from there. Never give up! You'll get it. Trade the moment to start. I.e. day trading....
Fixed Range Volume Profile from Sunday 3 November 2024 1am. At the moment we're at the VaL (Value Area Low) BUT resistance at the PoC (Point of Control). Having said that, this is on a 12 hour chart. Momentumm looks weak. Trade cautiously. Zoom out for all Volume Profiles that I'm using. By low, sell high is what they say. In this case were at a low. This...
Hey guys, Pepe Butterfly Gartley just hit the target low at (D). Although a bullish gartley, we still have to make sure we dont lose the lowest low just put in. That would invalidate the pattern. Fibs - bright numbers on the right are all valid resistance levels up until 0.618 to see lower! Would be good to clear 0.618 and monthly resistance for some...
Tough one to call - Maybe my emotions here but technically seems were going to retest the lowest low! Probability based on the technical's! 1.272 D wave is exactly the lowest low! It is what it is unless proven otherwise! :) There's no magic pill! Rejecting off the anchored VWAP wasnt a good sign. Trade the signals. No one kknows. Personally, I think lower....
Start of Volume Profile (and Speed Fan). Speed Fan start to highest high, with support on 0.75. Thing to note is take a Fib from the Value Area High down to the value area low. See how 0.5 is respected after RECOVERY from POC into resistance 0.618. Personal observation.
Based on previous analysis on Elliot Wave Count Pepe: Trading the Ascending Triangle pattern at the moment. (8) which can be found on my simple trading patterns 101 website. :) www.ig.com
Fib extension drawn from Fib ext A (start month low local low) to Fib ext B (high) to Fib ext C (low of the range). Formation is a decending wedge - obvious rejection 0.382. Only drawn 2 low Naked Daily PoCs (Naked Point of controls). Depicted, looking at a rejection fromm he wedge to loweest NPOC. Looking higher, elevated higher highs that could be putting in...
Ok Madness = NOT AS MAD AS IT LOOKS! 1. Firstly Fib Parallel Channel (Tool = Fib Channel) ------------------------------------------------------ a) Draw line from Red 1 to red 2 (connecting bottom of channel) b) Same time pull to the previous high (red 3) THAT'S THE CHANNEL! 2. Speed Reistsnce Fsn ------------------------------------------------------ 1 red...
Topic: Hit end of Wave 3 into 4 Left chart Macro Elliot Wave: -------------------------------------- Pepe Elliott Wave 0-1-2-3-4-5 showing that (i believe) we've ended Wave 3 and probably in Wave 4. The 1.27 is an extension of 1 to 2 (debatable if that's correct). End here is 3 to 4. 3 We've hit (I believe) 4 needs to be fulfilled. To gauge 4 ending we pull Fib...
Hey Guys, speed resistance fan is amazing tool. Drawn from bottom Pivot low to hh .. Act as support. Levels 0.618 and mostly 7.5 Drawn from tom HH to bottom (any low - have a play) for resistance. Trust your levels and play with Fibs and Speed Resistance Fan is a great fib tool. Chin up :) Support here on Fib 0,382 .. dont feel down if you're feeling down....
Based of previous posts on Pepe Elliot Wave - These my levels for ETH / USDT Elliot Wave Knowledge base: ChartChampions - None other than Daniel and his Team to learn from! Book wise atm: JARROD SANDERS - Elliott Wave FIBONACCI HIGH PROBABILITY TRADING Oh and definitely think that this was an extended Wave 3! I got suckered thinking I knew the levels without...
Depicted is fibs based on fib extension with daily levels for both fibs. Extension with common levels of support/resistance up to and above 1.618 for price movement above range and resistance.
Depicted here is looking for an "Ending Diagonal" to end what's probably the end of Wave 3 or Wave 5. Larger picture:
Hi Traders - Macro view of revised wave count and Gartley Harmonic in support of analysis. Currently we could be still playing out the 3rd wave opposed to what I mentioned in previous posts where mentioning that were looking for the 5th wave to play out. Used current bias based on previous example as can be seen with the earlier Gartley Harmonic. Looking for...
So difficult to annotate. Takes some understanding of using the Fib retracement tool and parallel channel but happy to answer any questions. I still think we havent played out Wave 3. Seems there's a range and within the range profits to be taken. So pose the question, why not take advantage of that. Channel is the range,, however I do think that we will break...
Hey guys, a lot of selling pressure with Pepe (possibly BTC - not looking)... Hold fast
Based on this explanation, I think it's probable given this chart visual that the price will go up. Possibly ending Wave 3 here to Wave 4 current local range before coming down to Wave 5). Post to come.
I want to explain fro a previous wave and Trend Based Fib Retracement why I'm more bullish at 1.618 than 2.0 at the moment. Previously you can see how 1.618 had no impact on support. Looking at my previous post (where we are now) there seems to be more support at this level. Then is not now. Looking at the levels. Shows both Gartleys: The key is Trend...