Seems like have 1 wave left to complete the 5th within "C" that finishes our bigger 2nd wave down, that indicates retrace is over and we head up to the 3rd wave up.
Possible spots to buy and reload are supported by the 61.80%, 100% and 161.80% fib extentions, we have some pretty strong support at the 6k area.
Theres also a falling wedge forming with bullish divergence in the RSI, best scenario for a falling wedge.
We just need to react to the market, stick to your stop losses, be strict with your risk management and try to ladder your buys to catch the bottom, good luck to everyone!
Possible spots to buy and reload are supported by the 61.80%, 100% and 161.80% fib extentions, we have some pretty strong support at the 6k area.
Theres also a falling wedge forming with bullish divergence in the RSI, best scenario for a falling wedge.
We just need to react to the market, stick to your stop losses, be strict with your risk management and try to ladder your buys to catch the bottom, good luck to everyone!
Comment:
Nice clean breakout, RSI not oversold yet on the hourly, TD secuential gave us an agressive 13 and i'm liking the volume, let's hope this is solid enough to close the daily candle above 9k and we'll be just fine
Comment:
Comment:
Sometimes I play this scalp positions only if R:R is 3:1 or higer and I spot some bearish div, I like to short these for a quick trade
Sometimes I play this scalp positions only if R:R is 3:1 or higer and I spot some bearish div, I like to short these for a quick trade
Comment:
Changing from candle to line helps spot those divs even better
Trade active:
And we have a break out, perfect entry
And we have a break out, perfect entry
Trade closed manually:
Done! already close my short position and got a 3% gain on that one, I like to keep my scalp short and lock up the gains, if I see a new set up for something I enter again but if i'm scalping I'll do it pretty strict
Comment:
Comment:
Currently trading inside this channel and bounced nicely, if we break the channel we can enter another quick short
Currently trading inside this channel and bounced nicely, if we break the channel we can enter another quick short
Comment:
Scalping much? We got another potential scalp setup here, look at that RSI sooo oversold, good thing here is that we have a tight stop loss once it break the channel and is a nice R:R
Comment:
And we out! broke channel:
Trade active:
Reload zone 1 target hit, we spect a bounce from here, we have a perfect 9 on the TD and bullish divergente on de 1D and 4H RSI
Reload zone 1 target hit, we spect a bounce from here, we have a perfect 9 on the TD and bullish divergente on de 1D and 4H RSI
Comment:
That's a pretty legit breakout! RSI div works wonders when it carries a falling wedge, also 4H TD secuential gave us a perfect 9 couple candles before, let's see how this plays out.
That's a pretty legit breakout! RSI div works wonders when it carries a falling wedge, also 4H TD secuential gave us a perfect 9 couple candles before, let's see how this plays out.
Comment:
Sorry, the last snapshot looked so cluttered, this should be better.
Sorry, the last snapshot looked so cluttered, this should be better.