1st Entry on 4H downtrend channel breakout/ after break&pullback / break&flag /or next week after a double bottom/intraweek harmonic
Looking for long trades next few weeks until Cypher completion.
Weekly view:
- Fib 0.5 of 3/2009->10/2009 impulse
- Same time of the year, same pattern
- There will be some levels of resistance, namely:
0.6468 -> 0.61fib of midJul-Sep bearish impulse
0.6500-> Zone of 4times Support & recent resistance on a little pullback (9thAug.)
...so might want to close and reopen on such levels
Stop placement - Support levels:
0.6300 ->1.13 ext of Apr18->Oct18 AB bearish impulse
0.6267 -> important 0.5fib; the dip start of a 180 pip bull impulse on 3/09
0.6200 -> Mar18->May18 bearish impulse 1.618ext; 1.13ext of midJul-Sep bearish impulse; Major price rejection twice
0.6125-0.6135 -> 1.27exts
Daily view:
- Wedge Reversal with 3 point RSI divergence
- H&S confirmed (although it closes below RS armpit)
Looking for long trades next few weeks until Cypher completion.
Weekly view:
- Fib 0.5 of 3/2009->10/2009 impulse
- Same time of the year, same pattern
- There will be some levels of resistance, namely:
0.6468 -> 0.61fib of midJul-Sep bearish impulse
0.6500-> Zone of 4times Support & recent resistance on a little pullback (9thAug.)
...so might want to close and reopen on such levels
Stop placement - Support levels:
0.6300 ->1.13 ext of Apr18->Oct18 AB bearish impulse
0.6267 -> important 0.5fib; the dip start of a 180 pip bull impulse on 3/09
0.6200 -> Mar18->May18 bearish impulse 1.618ext; 1.13ext of midJul-Sep bearish impulse; Major price rejection twice
0.6125-0.6135 -> 1.27exts
Daily view:
- Wedge Reversal with 3 point RSI divergence
- H&S confirmed (although it closes below RS armpit)
코멘트:
코멘트:
4H
코멘트:
Ups, 4H
