This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Monday, 18 August 2014
AAPL approaching 100 with an equal time range cycle in play. Daily candle was very strong
TSLA bearish looking candles at level of previous high
This is a prior chart I posted (a few weeks old). USDCHF has continued to hold the support. This may be the breakout coming here (or it is just wrong). Analysis hasn't changed so I didn't recopy the chart:
This is also the turn down time frame on the bearish scenario after the 1905 bounce. We have broken above the fib support and the 50 dma. I won't think about this bearish scenario until support breaks (1940ish) and am treating it as bullish until that happens...but this is the failure level from a time frame perspective anyway....
Here is what the bullish scenario looks like. Bounce off the 1905 support a cycle low. We have broken the middle of the chart (50 dma)...so, until that breaks down this is the measured move target....
This is a prior chart I posted (a few weeks old). USDCHF has continued to hold the support. This may be the breakout coming here (or it is just wrong). Analysis hasn't changed so I didn't recopy the chart:
ReplyDeletehttp://i1240.photobucket.com/albums/gg500/SoulJester786/Target_Box_zpscaa3d838.png
thanks....I forget what was the intervention level the Swiss central bank was defending ?
DeleteIt is a triple bottom on the daily above the anticipated support btw. Will be a monster.
DeletePegged to euro. It is a triple bottom on daily at the anticipated quarterly breakout. It will be a monster. IMHO.
DeleteThis is also the turn down time frame on the bearish scenario after the 1905 bounce. We have broken above the fib support and the 50 dma. I won't think about this bearish scenario until support breaks (1940ish) and am treating it as bullish until that happens...but this is the failure level from a time frame perspective anyway....
ReplyDeletePrior chart:
http://i1240.photobucket.com/albums/gg500/SoulJester786/IDIOTS_zps9f053304.png
Here is what the bullish scenario looks like. Bounce off the 1905 support a cycle low. We have broken the middle of the chart (50 dma)...so, until that breaks down this is the measured move target....
ReplyDeletehttp://i1240.photobucket.com/albums/gg500/SoulJester786/Bullish_Scenario_zps347b2ae8.png
Sticking with this until the market tells me that it has the bearish scenario in mind....