As ever, i'm no Elliot Wave count expert, but looks as though LUNC has completed a 5-wave up move. Nicely up to the previous swing high of ~16000. The fact that this 5 wave move is in itself part of a longer time move, and this is simply wave-1; only time will tell. If that is the case, maybe bring our attention to the 0.618 retracement zone to look for where...
This is a friendly note, just to say, don't sell too early. I don't want you sitting at the dinner table at christmas, with a frown on your face. Purely from what this chart is saying; forget about all the positive fundamentals going on in the background. (1) We had an impulse move from the lows down @ ~40p, up back inside the previous range and on to 130p....
Something tells me this is your last chance to get on the AVACTA train. Fundamentals - We are awaiting the results of phase 1 trials, and all things are pointing for it to be very positive. - A great pipeline of drug development - Possible Take-over bids incoming - With a little research, the list goes on and on to be honest for Avacta. Charts - Higher time...
Here's a macro macro (1 week chart) deep dive on GGP: - No fundamentals here, just looking at the chart zoomed way out. - Price bounced from the 0.786 fibonacci retracement (1 week chart). A good place for an entry, but only in hindsight now. - Looking for this level to hold ~ 9.44, and on the lower time frames it looks as though price action is trying to form...
The fib retracement is holding well here, and has formed a channel between the 05 and 0.382 retracement. It is looking to break the overhead down trend on the LTF and could make a move to the overhead (4hr macro resistance, ~23,500). We could see a strong break through resistance here and a really towards historical price action support(turned resistance0 of...
I know I bang on about Avacta a lot. But think we have a good trade setup here - Bollinger bands pinching - Accumulation/build up, approaching the top of a channel (bull flag Htf) - Strong excitement/sentiment amongst investors - Wider markets performing/recovering well. - Higher lows on 1 day tf - OBV creeping up, whilst price steps down (1 day) * Stops would...
Heres my bitcoin buy zone. Lots of confluence with fibonacci mappings from the recent swing low (0.618 zone), but then also if you take the swing low of the lows of ~17k (this aligns with the 0.382 zone). Clear diagonal support area here that has served well as support, do we potentially see it wick down to support once more, or bounce from the horizontal...
Zooming out on the 4 hour chart, Ive identified the key levels from price action alone. I think that gap once passed ~23k up to ~26k is looking pretty significant. Once past 23k could see quite the rally. Good luck to everyone!
Lets try and identify some levels for Bitcoin to watch out for. Will do one analysis here, with some price action, fibonacci and ichimoku indicator. 24850 & 28800 Also, looking back on the chart, we can see that the wick to the far left touches perfectly on the fibonacci line. This would actually hit a 0.618 retracement of the leg down, so might be a good price...
Here im marking out some of the key price action levels for Ethereum, in the hope that this adam and eve double bottom down below works out. I think i will be setting an alert for myself on that lowest resistance line. Possibly looking for a build up below it, or a build up above it, before continuation up. Good luck and best wishes to everyone.
I like MATIC. I think its a solid project and seems to have a legitimate team and agenda behind it. Heres what are looking at ahead in terms of key price areas, support/resistance. Number 1 through 5, these are the big lines ive identified (time will tell how they play out). (Fibonacci mapping from absolute high to local low here.) Price action is grinding up...
Theres a pennant forming on the 1 hour chart for SHIB. Zooming out to the 4 hour chart, it does look very neutral. But if the price action can get above the ichimoku cloud on the 15minute and the 1hour chart, things could definitely take off.
Really nice pennant forming on the 1hour chart for GMT. Things are looking very healthy on the 1 hour and the 4 hour ichimoku as well. Keep an eye on this one.
Just wanted to showcase this indicator here. Here we have the signal giving a short signal, and then on the way down we can see the 'Take Partial Profit' Signal that it is giving off. It will eventually give a final sell signal to then close the position fully. This can work both Long and Short, and you can back test it; making sure it is profitable.
I am very green when it comes to Elliott wave and also fib extensions. I just feel that these moves have fitted the pattern rather well, and we have had the 3 wave correction from the big leg up we saw for LUNC. Now for the pattern to be carried on, up to the 0.0002 mark
Possible pattern on the 4hour - 1 day chart. Very interesting to see, would like to see price make its way back to the neckline, and then some consolidation there below it. Have drawn two blue lines. I feel like there might be a slight diagonal neckline here, but the horizontal line is more of a given and less subjective/open to interpretation.
Would you back a horse at 10 to 1. My risk to reward ratio here. But what if I told you. The horse should be priced in at 5/1 or even 3/1. And that the horse had a great pedigree behind it. Would you take it. Take your £10 not to the bookies this weekend, and go and get in on this race because its going to go off soon enough!
KAVA is giving off some very good vibes in the way that it was bounced off this retest of this break out on the lower time frame here. Looking for price to travel towards the 2.00 mark. Would be taking profit here, and then waiting for consolidation for any re-entry. (Or you might want to use any swing highs on lower time frame as re-entry/good places to wait for...