FiboSwanny

FiboSwanny

The gap circled on the chart with the market not even getting to the trend line is a bearish signal. Also, the lower highs already spell out a sell opportunity. Look for a move back to fibonacci retracement levels. A move to a new near-term high would spell a continue bull move. Thoughts?

FiboSwanny

My first buy will be on this crossover... almost there.

FiboSwanny

Just another validator to help us get a bull signal to buy or not. Still looking favorable for the bears.

FiboSwanny

The square root Fibo extension looking good as support still :) fingers crossed.

FiboSwanny

Staying short!

FiboSwanny

I like the red zone for possible buying interest Not a low picker, but so far I like what i am seeing

FiboSwanny

Selling here with a sell stop on a break above the intersection. Thoughts?

FiboSwanny

Trend momentum, measured by the ADX indicator, is just starting to come to life. Momentum for the bears is light, but is growing. This move in momentum, along with the downside break of the red 61.8% Fibonacci retracement line, puts the previous 3128 low in jeopardy. Setting up a Fibonacci extension with eyes on the black 1.272% level gives a nice target to...

FiboSwanny

Momentum is still light, so I am holding. I will likely sell stop below a new low under $3200 unless momentum kicks in earlier and I will sell quicker. A break of a new low has Fibonacci extension targets attached.

FiboSwanny

I am sitting the sidelines and playing some Fortnite until a trend establishes :)

FiboSwanny

Unless you are scalping little bits here and there this picture is a hold and wait for trend confirmation. The neutral momentum call should keep price inside the blue highlighted area.. a move out of here should generate a call. Thoughts?

FiboSwanny

Resistance at the golden ratio could be building up more sellers here.

FiboSwanny

We are under the 61.8% level for the 3rd day, so the close today is important to filter a break. A close underneath.. cover longs A close above.. stay long

FiboSwanny

Still long, but sell stops are set.

FiboSwanny

staying long with stop protection

FiboSwanny

Watch the intersection of the bearish trend line and the 61.8% Fibo level. This resistance point should hold. The price is rising on falling momentum, which is a signal for a stall near resistance. The bears still control the long-term trend as the bulls complete a nice correction. Thoughts?

FiboSwanny

Support still holding.. barely.

FiboSwanny

The 50-day moving average has been a nice guide of selling interest or resistance. Wave 4 has formed and the rally has been moving higher on falling momentum. The rally has also moved up on less volume. This would be a spot for sellers to come back to resume the primary trend. This could be the spot for the corrective bull move to find a ceiling. Thoughts?