Another one — After the triangle break upwards, price retraced and found support at the previous broken level and made a 61.8% retracement.

Psych Levels, Pivots, and Trendlines - Resurrected

Good morning guys! — We hope everyday is like today. A falling wedge breakout and an ascending triangle breakout plus a couple of fib trades inside.

Psych Levels, Pivots, and Trendlines - Resurrected

Me too. Looks like it's just in ODL.

Psych Levels, Pivots, and Trendlines - Resurrected

.. You're right Islander! Thanks for clearing that up.

Psych Levels, Pivots, and Trendlines - Resurrected

Yup. It's still using the same principles so it's still good. Still holding a short in cable.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi EV! — Still my exits are the nearest potential risk zone including pivots and psyche levels and fibs as you and acumen uses. Looks like the rising TL has finally been broken.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi EV! Actually there are similarities on how we both use fib analysis to estimate wave targets. First we both use the amplitude of wave 1 to calculate wave 3. But there are two different ways of doing this that I know of. Robert Fischer uses one ...

Psych Levels, Pivots, and Trendlines - Resurrected

Excellent explanation Islander!

Psych Levels, Pivots, and Trendlines - Resurrected

Hi EV! — .. It's ok pal! We all have other responsibilities that we need to take care of.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi EV! — Hi EV! Looks like you've been pretty busy lately. What do you think about this chart? Could there be a continuation of the uptrend? I don't know what to make of that big spinning top.

Psych Levels, Pivots, and Trendlines - Resurrected

61.8% retracement — After the initial ascending triangle break. Cable retraced 61.8% and then moved up again. Edit: Just touched 100% extension, formed a shooting star and came back down.

Psych Levels, Pivots, and Trendlines - Resurrected

.. Nice trades! Straightforward and effective. Continuing my previous chart. 1st buy was after the 50% retracement. TP was hit at MS1-1.7281. 2nd buy after the break of the ascending triangle. TP at 1.7300. Exit at MS1.

Psych Levels, Pivots, and Trendlines - Resurrected

I'm currently looking at this. Cable is making higher swing lows but is topping off.

Psych Levels, Pivots, and Trendlines - Resurrected

.. Goodluck! Gonna look forward to you're trade analysis.

Psych Levels, Pivots, and Trendlines - Resurrected

.. Made a couple of fib trades but my targets aren't hit.

Psych Levels, Pivots, and Trendlines - Resurrected

Symmetrical triangle breakout — Here's a symmetrical triangle break upwards. Bought after price crossed the high of the 1st candle that crossed and closed above the falling TL. Exit after price hesitated at a possible 50% retracement of the ...

Psych Levels, Pivots, and Trendlines - Resurrected

Signing off... — Last trades of the day. Bought after price crossed above the high of the candle that broke the falling wedge. Exit at a possible 76.4% retracement level. Sold after price crossed below the low of the shooting star at the lower ...

Psych Levels, Pivots, and Trendlines - Resurrected

Falling Wedge — Could this be a falling wedge formation? What do you guys think?

Psych Levels, Pivots, and Trendlines - Resurrected

Cable is at a confluence of a strong visual support and the psyche level-1.7420. Let's see what happens this time. What do you think guys?

Psych Levels, Pivots, and Trendlines - Resurrected

.. Excellent analysis as usual Islander! What are those blue dashed MA's above the 34EMA?

Psych Levels, Pivots, and Trendlines - Resurrected