I like this chart. For those of you who follow me know that I only post the most high probability buy/sell signals with no biases to the long/short side. There is a lot going on in this chart and A LOT of confirmation as to a buy signal in Visa. First, look at the strong up bar Visa ended the day on yesterday on the hourly which is our 'signal reversal bar'. Also, I really like an hourly chart to show some timing analysis with fibonacci time bars and you can see the confirmation of the 144,89,34,21, and 8 (from prior high/lows) agreeing and showing confluence on yesterdays low. Here I also show one of my best secrets in using phi cubed or 4.236 from an initial impulse wave showing the maximum extreme of any given move. Here I show phi cubed as timing analysis, but I especially like phi cubed on the vertical axis. Lastly, take a look at the Gann arcs and fan lines of the square root of 2,3,4, and 5 (these really work well). I have only included 2 of my indicators, but all my indicators agree and you can see the extreme divergence from my Composite Index (top indicator) vs. the RSI (bottom)--with the MA lines at maximum extremes as well.
I hope you appreciate the geometric harmony of this chart as much as I. Make sure to follow me for additional analysis and new high probability setups as I am currently scopeing NKE and AXP like a hawk.
Happy Trading!
V
I hope you appreciate the geometric harmony of this chart as much as I. Make sure to follow me for additional analysis and new high probability setups as I am currently scopeing NKE and AXP like a hawk.
Happy Trading!
V
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