EVERY CLOUD HAS A SILVER LINING

TIME ANALYSIS OF FUTURES HOURLY CHART

1/- 121x1.786=218 or 117+101

2/- 84+37+117X0.786=187 or 101+84=185 +/-2

3/- 84x3.618=303.9
or 117+101+84=302 +/- 2

4/- 21764 TO 20444=84 HRS
     21244 TO 18448= 84 HRS

Continue buying, FINAL STOP PLACES AT 18300.

OBSERVES 18600/18559/18378/18337 DEPENDING ON HOW MUCH RISK YOU ARE GOING TO TAKE.

CAN I DRAW LIKE THIS?

Market over reacted, sure yes!
We prefer buying at this point.
Reason:
1/- we draw the channel as attached chart, its still above the bottom line today.
2/- It had reached  from top to  50% or 66%  rectracement level (21764-16139/21764-17568)
3/ if ABC correction, C if 1.27 of A
4/- today is the 58th day (93x0.618=57.47 days)

Intraday wave count

Prefered wave count & Ratios

If market open above 19460, short term buy using 19420 as stop.

IDEAL WAVE COUNT FOR AN UPTREND

EURO SHORT-TERM BOTTOMED

Euro forms a descending triangle with a false break of bottom line equal to 1.145(0.618x0.618x0.618x0.618) of D.

STOP IF NOT CLOSE ABOVE 20500

Market gaps down this morning hitting our stops at 20650 and 20500. (stop #1 and stop#2).
We will close all positions if hsif can't close above 20500.

Fibonacci daycount behind ordinary trendlines!

Nikkei and Yen broke their   recent lows this morning appearing that it will bring markets further down. But after intensive studies, we discover that the market will hold at these supporting trendlines. And those trendlines are not only drawn by connecting high(s) or low(s) but all being of  fibonacci time series important.
Interesting figure as belows:-


1/- Red line =203 days
or
406/2=203


2/- green line 411
or
233x1.764=411 days

3/- blue line=154 days
or
406 x 0.382=155 days +/-1

4/- upper channel line =101
or
406/4=101.5

5/- lower channel line=109
or
173 x0.618=107 days +/-2 days

We are happy to find that and eager to share with someone who likes this blog.
Linked or reproduced are welcomed but please respect writer's endeavour  by  giving  credit to this blog.

Enjoy!

2038: BULLISH CRAB PATTERN ?

2038: BULLISH CRAB PATTERN ?
BOTTOMED ?