Previous ideas featured a . The upper line I have still in play as featured before, under I have made some modifications, as I feel recent price action warranted me to do so (morphing of patterns).
The chart speaks for itself for every trader who has a basic understanding of TA. No bells and whistles here, just being an extra pair of eyes. "UP or DOWN?", I am not going to make a bold call here, let's wait for the price to move and see which sides it picks. Then you still can take a position if wanted. Or you anticipate (either way up or down, both are possible) through zooming in to lower frames and seeking risk reward top entry spots there, with tight stops.
Ma50 - (preferably acting in confluence) on all of the lower frames, could provide such entry spots. But that would go beyond the scope of this idea. That's more methodology on finding entry spots.
DYODD and safe and happy trading!
Ps. Feel free to interact in the comment section!
Things could be brightening up, but it's not that I am Mr. sunshine all of a sudden.
I have so many lines on my charts right now (some touched some not), that I by definition hold off. Too many lines means chaos.
But oh boy do think of all these people waiting for a pullback and you see those - most of the time logical well thought of- targets for some reason just not met. Then they buy in and then it does happen. Or not. That's a bullmarket. You really need to HODL a substantial amount of trading capital or you are going to underperform the market big time.
Its a rough painting. It's quick business now. First support met with a vicious move in the 34k