Level 2 push up has now happened. Beautiful BUY! If you are curious if it will still go up, I think that it will continue to do so without question! We are merely at level 2 so I think it may touch or even surpass key level! It has to for the Day chart's Level 3 to complete. So get those trading hats on and ready, we have a big WEEK NEXT!
To those that don't understand the chart:
Green Boxes: These are zones.
Light Blue Lines: Are light areas of support and resistance where consolidation or small pullbacks might occur.
Red Lines: Lines where reversals or pullbacks might occur. This is also an area where the previous retractions had occurred.
Green Lines: These are Key levels; If these levels are broken, possible sign of a continuation of the current trend or a violation of the trend.
Yellow Lines: Current highest high and lowest low of the quarter.
Red Vertical Line: Represents the start of the quarter.
These set-ups, however, are not to be considered a SURE win. There are still many ways for us to see the trend; trading is a subjective factor. This is only a trading plan and must be also reviewed yourself before trading it. Every set-up I give is based from every quarter of the year. New charts are created at the end of the quarter.
Please add a comment... Positive feedback and constructive criticism are important to authors and the community.
To those that don't understand the chart:
Green Boxes: These are zones.
Light Blue Lines: Are light areas of support and resistance where consolidation or small pullbacks might occur.
Red Lines: Lines where reversals or pullbacks might occur. This is also an area where the previous retractions had occurred.
Green Lines: These are Key levels; If these levels are broken, possible sign of a continuation of the current trend or a violation of the trend.
Yellow Lines: Current highest high and lowest low of the quarter.
Red Vertical Line: Represents the start of the quarter.
These set-ups, however, are not to be considered a SURE win. There are still many ways for us to see the trend; trading is a subjective factor. This is only a trading plan and must be also reviewed yourself before trading it. Every set-up I give is based from every quarter of the year. New charts are created at the end of the quarter.
Please add a comment... Positive feedback and constructive criticism are important to authors and the community.
Comment:
UPDATE! I may have used the wrong words. There is never 100% in a trade but the UP move is strong. It may be a strong hold but not a SURE hold. Forgive my use of words.