wes999

wes999

There is a large fair value gap above recently engineered liquidity and we could see a move lower to take sellside liquidity after the market opens at 9:30.

wes999

SPY has retraced to the 50% Fibonacci level and the VIX is going down. Wait for price to go above the trendline and the RSI to break the trendline as well. This will be confirmation for an upwards move to at least the previous high.

wes999 Updated 

Bitcoin is possibly nearing the completion of its pullback. The next 2 fib levels are 2.382 and 2.618 that coincide with a trendline and the 200 MA.

wes999 Updated 

After the large Daily candle move to the downside USDJPY will most likely retrace to the trendline it crossed and then move back down lower. We can expect a move down to at least the 38.2 fib level but this may be considered the C leg of an Elliot Wave pattern so it may be going much lower.

wes999

Price has broken through the 38.2 fib level but has retraced back up on the 4hr chart. On the monthly chart however price has reached the 161.8 level and will most likely go down to the 61.8 level on the 4hr.

wes999

Price has started to run toward the 161.8 fib extension. That's the next level of resistance.

wes999

SPY has closed above the previous high and is looking to head up to the 1.618 fib level.

wes999

SPY has lost strength and is looking to head to the 363 price level. A riskier short would be to 361.

wes999

Next price target for SPG is 101.08 (Fibonacci level 161.8). Price has broken the 100 level has finished it's retracement breaking through again.

wes999

Price has already retraced to the 78.6 fib level and has passed the 38.2 level. It will go at least to the bottom level of support

wes999

Price is showing strength and has already retraced to the 61.8 level and moved back up. It should break through resistance and reach the 1.618 fib extension

wes999

Price has retraced to the 38.2 fib level and if you want to enter a trade wait for price to retrace to the 61.8 and/0r the 78.6 fib levels. If it doesn't go down that far and jumps back up then the original plan would be in place. Wait for price to cross the 2.618 level.

wes999

Price has certainly shot up out of consolidation and hit a previous key resistance level. If it blows past the 2.618 fib level ($35.53) on the daily chart it has another resistance level at the 38.2 fib level on the monthly chart (around $40). The next level of resistance is the trend line around the $46 price level. I would wait for a pullback to a key support...

wes999

If price breaks the 38.2 Fib level which is also a trendline break, the next level of resistance is at 16.08 with a potential pause at the 61.8 Fib level. This is also a good ETF to own because the dividend is yield is 11.59%.

wes999

Price is overextended from the 200% fibonacci level and may retrace back to the 200% (15876.82) or the 38.2% (13644.52) fib of the current impulse move. It's coming up against the resistance of the previous high's supply zone. If it breaks through the current resistance line it will probably go to the next level of resistance which is the 238.2% level (17175.97)....

wes999

Price has made a retracement and is looking like it will go higher. Normally when there is a strong move to the upside (or downside) there is a retracement to retest previous levels and a popular way to measure those levels is to use what's called the Fibonacci sequence to find those levels. A very popular level of retracement is the 61.8% level and if you look at...

wes999

BTCUSD is going to drop in the short term after hitting the trendline resistance for the first time

wes999

EURGBP has reached the maximum level of the CD extension to the 316 fib level. It has started to retrace and has a good risk reward ratio of 2.39. TP is 61.8 of CD at 0.84053.