Hello followers and other Trading View users!
I try to give You some price levels what do You need to watch closely!
1. Red box bounce upwards:
We came down pretty sharply from the top just some short-term price pauses and pumps (luckily we manage to catch this pump) so I expect a little pullback and we may bounce upwards a little bit but I don't trade that because there is a pretty strong downtrend and only a few criteria to enter the trade!
If we manage to catch some candlestick pattern in this price level then I say it on the update section but for a bounce, we have there the RSI Divergence and support/trendline crossing area! We might and go to retest the green box above the current price and there we can even read out some sloppy H&S chart pattern which means bearishness!
2. Bearish red box confirmations:
If we get a candle close the $7200-$7230 then it would be a decent bearish confirmation area and below that, we have just a clean run to the yellow area where old strong resistance becomes a support!
Bearish confirmations:
* If we get a candle close in this red box this means we have a lower close then 21.07.2018
* If we get a candle close then we are again in the channel (blue lines)
* Trend is Your friend!
3. First BUY opportunity at $6666-$6820 criteria (we have a nice crossing area):
* We have taken out the clean area/strong candle (market doesn't accept those) between the $6800-$7200
* A perfect Fibonacci retracement level 62%
* Strong resistance becomes a support
* Trendline since 24.06.2018
* The old and good magic number $6666 ;)
So, it would be a nice setup, it would be very good when it happens before 10.08.2018 after that some criteria's move away from the crossing area!
4. Also, I have there one light red box which means we go and retest the lower levels or even make the lower lows
* Break below the trendline since 24.06.2018
* Break below the strong supports
Hopefully, this helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment!
To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;)
Thank You very much!
I try to give You some price levels what do You need to watch closely!
1. Red box bounce upwards:
We came down pretty sharply from the top just some short-term price pauses and pumps (luckily we manage to catch this pump) so I expect a little pullback and we may bounce upwards a little bit but I don't trade that because there is a pretty strong downtrend and only a few criteria to enter the trade!
If we manage to catch some candlestick pattern in this price level then I say it on the update section but for a bounce, we have there the RSI Divergence and support/trendline crossing area! We might and go to retest the green box above the current price and there we can even read out some sloppy H&S chart pattern which means bearishness!
2. Bearish red box confirmations:
If we get a candle close the $7200-$7230 then it would be a decent bearish confirmation area and below that, we have just a clean run to the yellow area where old strong resistance becomes a support!
Bearish confirmations:
* If we get a candle close in this red box this means we have a lower close then 21.07.2018
* If we get a candle close then we are again in the channel (blue lines)
* Trend is Your friend!
3. First BUY opportunity at $6666-$6820 criteria (we have a nice crossing area):
* We have taken out the clean area/strong candle (market doesn't accept those) between the $6800-$7200
* A perfect Fibonacci retracement level 62%
* Strong resistance becomes a support
* Trendline since 24.06.2018
* The old and good magic number $6666 ;)
So, it would be a nice setup, it would be very good when it happens before 10.08.2018 after that some criteria's move away from the crossing area!
4. Also, I have there one light red box which means we go and retest the lower levels or even make the lower lows
* Break below the trendline since 24.06.2018
* Break below the strong supports
Hopefully, this helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment!
To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;)
Thank You very much!
Comment:
We have a breakout from the "Bear Flag" and also we and at the moment we retest this area! So, we have some bearish moves on the market also LL has formed in the 15 min chart!
Comment:
HH (Higher high)
HL (Higher low)
LL (Lower low)
LH (Lower high)
HL (Higher low)
LL (Lower low)
LH (Lower high)
Comment:
Pretty impressive bullish Hammer!
Comment:
Looks like we made the retest - on the round number area $7500 we got a bearis candlestick patter "Railrod tracks" and we are back below the main trendline!! If the day ends below the trendline then it would be again another bearish confimration!
Have a nice weekend!! Whooop-whooop ;)
Have a nice weekend!! Whooop-whooop ;)
Comment:
By the book! Yesterday we marked this red bearis area and we needed 1h candle close inthis area aaaand we did it!!! We had a nice game plan!
Have a nice weekend!!!
Have a nice weekend!!!
Comment:
...and like always do not hesitte to hit the LIKE button! To The TOP!!
Thank You!
Thank You!
Comment:
Hello!
On the 1h timeframe, we have a continuation pattern called "Rising Wedge". The trend is down and if we get at least 1h candle close below the rising wedge bottom trendline and close below the thin red box area, which is strong price level, then those confirm our movement down to the short-term reversal point at $6666-6800!
Above us is also a very strong area and we could go to retest it, which means we have to touch $7200 area and we need a good bounce from there back to rising wedge!
On the 1h timeframe, we have a continuation pattern called "Rising Wedge". The trend is down and if we get at least 1h candle close below the rising wedge bottom trendline and close below the thin red box area, which is strong price level, then those confirm our movement down to the short-term reversal point at $6666-6800!
Above us is also a very strong area and we could go to retest it, which means we have to touch $7200 area and we need a good bounce from there back to rising wedge!
Comment:
Works very well! ;)
Comment:
NEW TOPIC:
...and don't forget to hit the LIKE button!