A lot of criteria is met for a 90-day reversal that will last until the end of 2018. Extremely bullish.
Zones of note:
1. Bullish Gartley complete.
2. Price support around the 315-degree Square of 9 level.
3. 61.8% Gann arc.
4. Rising volume into the bottom of the swing lows.
5. Bullish Pivot between he last 3 daily candlesticks (middle bullish hammer has a lower low and lower high than the two outside candlesticks).
6. Very close to November 9th, which is the 50% level in time in the Law of Vibration time cycle.
7. The 180-day cycle (Gann wrote that these can be extended +9 days per every 90-day cycle, so the 180-day cycle and go from 180 days to 198 day). From the 2018 high on April 17th.
Zones of note:
1. Bullish Gartley complete.
2. Price support around the 315-degree Square of 9 level.
3. 61.8% Gann arc.
4. Rising volume into the bottom of the swing lows.
5. Bullish Pivot between he last 3 daily candlesticks (middle bullish hammer has a lower low and lower high than the two outside candlesticks).
6. Very close to November 9th, which is the 50% level in time in the Law of Vibration time cycle.
7. The 180-day cycle (Gann wrote that these can be extended +9 days per every 90-day cycle, so the 180-day cycle and go from 180 days to 198 day). From the 2018 high on April 17th.
Note
Published on 10/29/18 @ 1453 CST - Target zone before the end of 2018 is 1.3807Note
Gann's Square of 144, this angle is a strong stopping point and support level, and it's right up against the major 1/8th harmonic - this is an ultimate strong support zoneTrade active
Added 2 lots @ 1.277
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.