Waiting for C to completely form, based on the negative news on GBP should be complete.
if A breaks, then I am looking at another beautiful opportunity. but for now. I am focused on C.
4H never disappoints.
So far so good, B is exactly around the 50% area of XA, just waiting for C to form around the green Fib zone(61.8% & 78% of AB). then it will be an up movement. will have my buy limit just around B (Unless price does something different before reaching the zone).
its a 4H timeframe. should be a good 1.
I know that the chart looks a bit messy, but its about results at the end of the day.
For my analysis on USDCAD I used the Bat Pattern, Point B is currently resting at 50% of my XA Fib zone, with C at 78.6% of AB Fib zone. I am waiting for the market to move back down to the B level where it will trigger my sell stop. but if C moves beyond the 78.6% and breaks my...
During my analysis on TSLA I`ve noticed that it has hit the 50% level on my Fibonacci, but cause its a company, I always try to look for a 61.8% bounce, even if it does move higher than that. It never seems to go higher than the 78.6% level (looking from my previous analysis). It should drop from the 812.51 price to the 23% level(782.17 price). Market is also...
Been looking at it since yesterday and yes if you enter now might be late, but still a chance of a down movement. EUR has not been performing well since last week.
