Hello All and welcome back.
Can we cover the long wick from $2057 to $2067 ? let's find out.
Anyways as indicated in yesterday's post, i was expecting a fall before we proceed with our pump up, we saw the fall although i was looking at rather moderate fall , but we just had a minor fall and then we saw the pump.
Today seems a little bearish but we are also about to find out, have done my analysis and identified levels of concern and for us to confirm our upward movement then we should see level $2067 broken first and once it's broken we will be headed further up, but at the same time considering the levels carefully we could possibly see a fall first, but for the fall to be valid then we should look at level $2038 and once the level is broken then seeing $2017 and $2008 won't be hard and we might even extend further down.
Looking deeply into a retest right now expecting the market to test level $2057 and kindly note we might even break the level due to the long wick formation which was created in yesterday's market movement.
So finalizing on today's idea i'm actually anticipating for a fall , then after that fall we could possibly go back up and form some sort of consolidation before concluding on what's next.
That's all for now and until then do wish you all a wonderful trading day...
Can we cover the long wick from $2057 to $2067 ? let's find out.
Anyways as indicated in yesterday's post, i was expecting a fall before we proceed with our pump up, we saw the fall although i was looking at rather moderate fall , but we just had a minor fall and then we saw the pump.
Today seems a little bearish but we are also about to find out, have done my analysis and identified levels of concern and for us to confirm our upward movement then we should see level $2067 broken first and once it's broken we will be headed further up, but at the same time considering the levels carefully we could possibly see a fall first, but for the fall to be valid then we should look at level $2038 and once the level is broken then seeing $2017 and $2008 won't be hard and we might even extend further down.
Looking deeply into a retest right now expecting the market to test level $2057 and kindly note we might even break the level due to the long wick formation which was created in yesterday's market movement.
So finalizing on today's idea i'm actually anticipating for a fall , then after that fall we could possibly go back up and form some sort of consolidation before concluding on what's next.
That's all for now and until then do wish you all a wonderful trading day...
Trade active:
That's our fall it may take time to reach the desired target, the waving will be strong but we will end up where we wanted.
Let's wait for a retest and have our entries. If the current one hour candle closes below the previous low we are then going down, if it closes above the previous low let's consider the next candle formation, the possibilities in the next candle would be, if it closes lower then we confirm that we are going down, if it doesn't close lower and instead give us a bullish candle, then we should look further into the third candle and confirm better where we are headed to.
Let's wait for a retest and have our entries. If the current one hour candle closes below the previous low we are then going down, if it closes above the previous low let's consider the next candle formation, the possibilities in the next candle would be, if it closes lower then we confirm that we are going down, if it doesn't close lower and instead give us a bullish candle, then we should look further into the third candle and confirm better where we are headed to.
Comment:
Relax guys we are in for a treat! told you the waving will be strong and we were to see a retest, so let's see what happens.
Comment:
Hello All ,
Hope you are all well and welcome back, as indicated yesterday was expecting a fall which was seen but sadly the fall didn't last that long, we fell short to $2030 and then there was a change in direction, when i had anticipated for at least $2017.
Anyways long story short after the fall we were expecting to happen didn't happen per the analysis this gave us a different story to talk about, lucky us all was covered so for those who managed to secure that fall congrats for those who didn't it's not the end of the world, so relax and we'll do our magic once more.
In my previous post i did indicate where the traps were and i also talked of a retest and clearly indicated in the chart, the fall was good but a bit rational but that won't be a problem, so as of now we are still within the ranges only that for our fall to be confirmed we've gone further down to $2029 but for the upward movement we are still looking at $2069. once any of these levels are broken then that's a clear indication of our trend direction.
I'll be back with an update soon , for now that's all.
CIAO!
Hope you are all well and welcome back, as indicated yesterday was expecting a fall which was seen but sadly the fall didn't last that long, we fell short to $2030 and then there was a change in direction, when i had anticipated for at least $2017.
Anyways long story short after the fall we were expecting to happen didn't happen per the analysis this gave us a different story to talk about, lucky us all was covered so for those who managed to secure that fall congrats for those who didn't it's not the end of the world, so relax and we'll do our magic once more.
In my previous post i did indicate where the traps were and i also talked of a retest and clearly indicated in the chart, the fall was good but a bit rational but that won't be a problem, so as of now we are still within the ranges only that for our fall to be confirmed we've gone further down to $2029 but for the upward movement we are still looking at $2069. once any of these levels are broken then that's a clear indication of our trend direction.
I'll be back with an update soon , for now that's all.
CIAO!
Comment:
SORRY guys thought i had updated here but i had not, anyways if you look in the comment section, you will see the updates from one of my followers.