$SPY / $SPX
Today's price perfectly bounced from the 0.236 Fibonacci retracement levels. $ES_F S&P futures are hovering around a moderate resistance level of the 15 EMA and 0.382 Fibonacci retracement level which is around $3300. It's important to note we're still in a downtrend for the past almost 3 weeks. The price has constantly been rejected at the 15...
$AAPL I see following possible scenarios:
1. (GREEN) Today was a perfect bounce off 15 EMA ~$105 on Weekly chart. Price could move higher to ~$135 using this strong historical support as a "trampoline"
2. (ORANGE) Today was a dead cat bounce witnessed on support weekly ~$105 support only for possible lower moves to $80-$90 support range in near future
3....
As seen on the 1D timeframe the recent recent green candles haven't really had any volume to them. This is more evident on the smaller timeframes.
Furthermore, given the position of RSI and Stoch RSI, I estimate the price to hover between $3.65 - 4.0 before make the move down to around ~ $2.8
After that drop, its an easy long for around 100%
BTC/USD following its pattern
Ready for big moves:
-MACD about to cross over. Last time this happened BTC began its run to 20K
-Stochastic RSI in oversold and turning flat. Last time this happened and coincided with MACD BTC again began its run to 20K
Looking at previous pattern we are looking at a $28K-$30K target
Let me know your thoughts :)
EDG in the next few days will be interesting. Bunch of news incoming :
1. Stoch RSI seems to just be heading into oversold which will make us see some uptrend in the coming few hour to form the cup
2. Ichi cloud resistance right where the bigger cup forms and MACD about to cross showing downtrend for possible for formation of handle
3. Ichi cloud acting as...
