Fibo & Geometry

[tedk]

Got the message Fabrizio

Hourly chart

[fabrizio]

Thanks Tedk

And Thanks you for your interesting charts and analisys.

Please keep on posting with the same enthusiasm.

Fabrizio

[tedk]

Bearish or Bullish?
According the Gann trendline of 150-min (top right) the whole move down sofar is still corrective. The last Bear opportunity
is an irregular correction (90-min top left). Perfect Fibo retrace.
For the bear case the 1-min (bottom left) should stay below 1141. If not current action is again corrective.
Watch the support and resistance (yellow horizontal) lines. Break trades anyone?
Gann sq9 (bottom right) shows the upward square from 1131. Accurate bottom on 1087 suggests the upward move still active.
Also watch fibo time under the daily (oops, bottom fell off) 1087 is fibo 13 from the top.
Monday will be fibo 8 from 1087 and fibo 21 from 1163.

[tedk]

candlestick support level

[JayF]

Nice .786 & .886 Retracements

This is after the fact, but just wanted to drop a quick glimpse of how the .786 & .886 retracements can play out. For reference, here's an article on the subject.

[tedk]

Not many clues lately. Daily Gann trend is corrective. SQ9 grid runs up from 960.
The grid down from 1164 does not seem to work (yet?)
Is the correction over or is this the B wave up with C down to follow shortly.

[tedk]

Daily Close line with the SQ9's up from the significant lows 769,789 and 961. The sq's come together at 1149/1150.
The impulse wave up from 1087 could end the wave up from 769/789 as a 5 failure.

[tedk]

Daily from 961 up. 961 start of new wave. 0.618 retrace (blue) for wave 2 using Close of 1038.
1163 is 1.618 extension. 1087 is 0.382 (red) retrace of whole wave. Wave 2 and 4 alternate in fibo and complexity.

The 5 failure from 1150 lost bear momentum to retrace more then 0.618 of its move down.

[tedk]

The 90-min Gann Trend Line shows lots of corrective action so wave C down of wave 4?
However, the 1150 bear case is not dead and could even be building strenght.
With 50% retrace this setup is impulsive, so wave C could also be wave 1 of a must larger wave down.

[tedk]

SQ9 from 1150 and a nice HS of 70+ points.

[tedk]

The Gann Trendline of the daily on the left needs another wave down to complete an Elliot impuls wave.
The 90-min on the right shows resitance at 1102 by SQ9 down from 1150, a 50% fibo retrace of 1128-1076
and the trendline. Furthermore, the 5/35 OSC pulled back to zero probably ending wave 4 at 1102.
More down movement on monday.

[tedk]

Support at 1082?

[theplumber]

Wouldn't be surprised to see the low 1070 between now and May 31.

[theplumber]

Little astro in the mix

[theplumber]

more astro mix