That said, what I wanted to see last week in order to turn full didnt materialise.
On that note, I see these........
Bulls might buy the June1 and June2 tails.
Watch out for a possible DB w/ May 23rd Low of 47.40 (Red Circle)
Two ways to trade: Buy stop above June2 High
And Buy on Limits, the tails of June1 and June2
Ideal stoploss for long = few points below May 23rd Low of 47.40
For Target, I wouldnt put a limit, but 2015 October 09 High of 50.89 still a magnet.
Will study Price Action when there.
In my much improved price charts reading, which I dubbed NEO-PA, ;) I would do less talking and less publications of different charts. I intend to do more updates to same charts, and also do live calls in @nmike's chatroom- https://www.tradingview.com/chat/#huufTEomwseDbwhZ
It is important for me to underscore here that, I do not inculcate News/Fundamental reasonings into my , as I am not good at that exercise.
I also do not use any other indicator, apart from 20EMA(which I can do w/o, anyway ;) )
My analysis and calls are purely based on price action bar by bar analysis, based off the outcome of my obsession and immersion into charts over 8years of trading.
How can I finish off w/o saying this...........
I want to mention also that, I have borrowed one or two ideas from @timwest and @IvanLabrie , @jangseohee and @nmike and @Alexander_Nikitin .
I definitely cannot exhaust the list of people I have picked one or two great ideas from.
Thanks to everyone that taught me a thing or two
Im currently doing trading, full time for a living. And would like you to share in my private funds managment. If you have capital of not less than $50 000USD.
You can send me a mail to email@example.com or PM me for a discussion today!
And Buy on Limits, the tails of June1 and June2 "
Buy stop triggered! ^_^
We near the high, and that's a concern- (possible DT), otherwise....
Still BMA ( Buy Mode Activated)
It is an error to define Trend w/ a Trend Line.What is your unique definition for a trend?
PBs, possibly, but if it leads to a trend reversal downside= I'll join on the evidence of enough selling pressure
Patience!we'd get in when tis time
think that Oil might test
BX = HH,LH,DT MTR
50% to 60% , shd we trade above here 47.73
S&P500 / SPY
Link to Room: https://www.tradingview.com/chat/#Q8tWbgGWUxMgOT0K