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gypsy7

06/24/21 4:49 PM

#115215 RE: Satbastard #114954

Absolutely, SatB...I've always found fib #'s to be really useful so combining them with the Moving Averages was so revealing. You'll continue to notice patterns ongoing -- as well as natural support/ resistance areas -- as you observe...as you already expressed.

Just staring (for seemingly endless hours) at charts with various indicators, without any intention to make trades, gave me a lot of insight as to what was giving me consistent information to work with. I"m really glad they are helping you.

As I combine these fib MA's alongside the RSI (14) and CMF (10), I can see the ebbs and flows of the Elliot Waves very easily in the price action, and then using RSI/CMF offer early clues to potential change in trend due to divergence with price action. Really amazing when you find the right combo of ingredients.

Just gotta find what personally works with your own style of trading. Observation and time is the key to get that right. I will take a lot of tiny trades just to get the feel for entries/exits on the 2 minute chart. Helps a lot. Thankfully with free trades it allows for great practice.

I love this ENZC chart, especially when backing off and looking at the weekly and monthly chart. We are in for a very fun ride. Check out MVIS next to ENZC on the longer time frames. I've mentioned it before, but we are still very much in a similar pattern, but ENZC is behind, so only about half of the overall MVIS long term pattern.

We should follow a similar trajectory in the coming months.. as far as price patterns and breakouts. Still looks like we could potentially come close to previous highs (.75+) within the next 4-5 weeks, and even breakout above those highs in another 8 weeks after that...so in early fall.


Cheers!