Price kept scaling up from the correction instead of continuing down , this is due to the DXY gaining strength. Wait for the correction & the continuation of the buy to the top of the channel.
Price has been trading in an ascending channel. Price has finally broke through the channel & now we have a correction for the continuation of the sell. Look for sell opportunities ! PLEASE BE ADVISED TO TRADE AT YOUR OWN RISK ! THESE ARE MY IDEAS , IDEAS ONLY !
PRICE APPEARS TO BE FORMING A DOUBLE TOP " M" PATTERN FORMATION. PRICE IS ENTERING A CRITICAL AREA & SUPPLY ZONE. LOOK FOR A STRONG IMPULSIVE MOVE TO THE DOWNSIDE , FOLLOWED BY A CORRECTION/ FLAG PATTERN BEFORE GETTING IN FOR THE SELL.
* PLEASE BE ADVISED THESE ARE TRADE IDEAS ONLY !! ** TRADE AT YOUR OWN RISK !!!
POSSIBLE DOUBLE BOTTOM FORMING INSIDE OF ASCENDING CHANNEL . ALLOW PRICE TO SCALE DOWN TO THE BOTTOM OF THE CHANNEL & LOOK FOR A REVERSAL TO THE TOP . SHORT TERM BUY , LONG TERM SELL .
WATCH PRICE AT THE BOTTOM OF THE CHANNEL . IF PRICE BREAKS THROUGH CHANNEL . WAIT FOR A STRONG...
PRICE HAS RESPECTED THE TOP OF THE DESCENDING CHANNEL , LOOK FOR STRONG IMPULSIVE MOVE DOWN & CORRECTION BEFORE GETTING IN THE SELL. PRICE MAY SELL TO THE BOTTOM OF THE CHANNEL BEFORE REVERSING
PRICE IS SITTING AT A SUPPLY ZONE , WAIT FOR BREAK OF TREND LINE WITH A STRONG IMPULSIVE MOVE TO THE DOWNSIDE FOLLOWED BY A CORRECTION OR FLAG PATTERN .
