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DislikedFibo382 is a very powerfull level. they are so strong levels, better then any TL, gann, or 50ema, specailly on Higher TF. whenever we hit those leves, we are Up to retrace.
Here is a exp. of AY chart.. we did a retrace on weekly F382, and at least what we have to expect is some retracement on opposite side.. Now pay attention for Stoch + FIBO, when we Hit those levels.. That is the one, and I knew that AY finised the UP (correction) move
Same with EY..Ignored
DislikedHi Piters, what is next target would be bounce on GJ. dayly chart 38.2 is around 146.50, what would you suggest for that?
thanks.
keep this thread up plz, Piters.Ignored
Dislikedim expecting a bounce from there.. really depends of PA and the current momentum.. but so far we are sliding towards that area..
the drop from 153.50 when the breakout started. developed 4 waves down..
we are in 4th one.. we can continue from this level, or maybe higher..look fibs and pivots leves..
but another one is On.. (we should be safe Up to 152.12)
low volumes today and a bank holidayIgnored
Dislikedim expecting a bounce from there.. really depends of PA and the current momentum.. but so far we are sliding towards that area..
the drop from 153.50 when the breakout started. developed 4 waves down..
we are in 4th one.. we can continue from this level, or maybe higher..look fibs and pivots leves..
but another one is On.. (we should be safe Up to 152.12)
low volumes today and a bank holidayIgnored
Dislikedretest back to 38.2% again, do you think it will break and up to 61.8% Piters?
thanks.Ignored
[Charts]
Now, as we know the possible S/R levels. we may project the most possible scenarios can happen on monday.
[Charts]
DislikedNow lets see some lower time frames and a possible setups there..
[list][*][4H] double top [152.70] is in place, that should give us some resistance... Usualy we should see the price send back to test the nearest Support level[*][4H] Monday DPP (daily pivot) is at [152.01], we also have a 50 ema at tat level but also a fibonacci F382 on same level too. [152.00] we saw that level hard time to cross in both ways.[*][4H] fast stoch entering in OB area..[*][1H] litele bit clearer picture, with posible forming of the 70 pips range from 152.70 to...Ignored