The 3 Islands (cont...)

FX:USOIL   CFDs on Crude Oil (WTI)
379 10 45
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Comment: If we break the lows decisively, maybe we will get some acceleration. When TS&KS slant at a steep angle together, it is a dangerous sign...
pardon my ignorancy... pl advise what is TS and KS ?
The orange and blue lines
ma.sanjuy Ichimoku_Trader
tks for yr response... in yr opinion, is the price likely to break $43 - $42 range ??? if so, by when ??? if not, do you think - it could be worth going long now?
Yes I think it will break those levels.
When .. No one can say but I am referring to the current move. So not too far away
Would I trade it long. Yes but only after the trend flips to bullish but to enter before that is not a good idea. Currently, everything is bearish
When you say Break of support. How do you define it ? What you look at in order to confirm it has broken the support ?
Ichimoku_Trader AvinashMudaliar
For me support and resistance is an area not a line. In this case, it is the island. So you would have to pass the island decisively with momentum to consider that you broke the support. Off course this is not generic. Meaning that there are some S&R lines that once broken will trigger a move

So it's not that simple really
I trusted
+1 Reply
Ichimoku_Trader soniashok1124
This is not a trade. It is an idea.
Thank you for the trust
+1 Reply
you already in or you going to look for entries sunday?
+1 Reply
I don't trade it..
But I'll let you know when i think it is tradable
+1 Reply
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