Just sharing some TA of mine.
It helps me to write down and share what I'm doing, so if this helps you too - great - but it sure isn't investment advice.
I have a lot of color going on:
Green target box - the center of which is 8888 - is my next buy in target (better term - consideration point, I'll decide on the scene, when I have more info.)
I am looking for these 3 aspects to line up - which is how I created that green box:
(1,2) Fibs: two ratios: one is flesh colored (Micro time) and the other is grey colored (Macro time)
Micro Fib (flesh color) .236 --- formed on 24 to 26 Apr Action
Macro Fib (grey) .5 --- formed by (not shown) 05 Feb low (oh what a great day that was! I was at a pool in Florida all day where I had rented for a month to concentrate on trading) and the 20 Feb high.
&
(3) White Trend (support) line - 2 points of support
BUT....Bearish divergence??? : Look at RSI and MACD, minus the past days action - I see Bearish Divergence in the last week's upwards price spike (Bold red lines)
It helps me to write down and share what I'm doing, so if this helps you too - great - but it sure isn't investment advice.
I have a lot of color going on:
Green target box - the center of which is 8888 - is my next buy in target (better term - consideration point, I'll decide on the scene, when I have more info.)
I am looking for these 3 aspects to line up - which is how I created that green box:
(1,2) Fibs: two ratios: one is flesh colored (Micro time) and the other is grey colored (Macro time)
Micro Fib (flesh color) .236 --- formed on 24 to 26 Apr Action
Macro Fib (grey) .5 --- formed by (not shown) 05 Feb low (oh what a great day that was! I was at a pool in Florida all day where I had rented for a month to concentrate on trading) and the 20 Feb high.
&
(3) White Trend (support) line - 2 points of support
BUT....Bearish divergence??? : Look at RSI and MACD, minus the past days action - I see Bearish Divergence in the last week's upwards price spike (Bold red lines)