Hello All, Hope you all had an amazing and profitable day yesterday, A quick re-cap about yesterday's market before we get into today's market.
As i have indicated yesterday there was increase in bullish momentum, it activated my first alert and as always i have at least three dimensional strategies to be either broken down/up before i enter the trade, These strategical indicators are all found in your charts all you need to do is just know how to work them out the correct way.
So as there was an increase in upward momentum, i saw some traders signaling others on a buy positions , but with us since we wanted to get into the market safely we had to wait and confirm and then we did confirm as i had indicated it could be a BULL TRAP FORMATION and indeed it was, then we saw a BEARISH FLAGPOLE formation afterwards, these two patterns are well illustrated in today's chart for better understanding of my followers.
We had our confirmation and then entered the market and got our 3 major TP HITS from 1955 to 1942- 1934 - 1920.
TODAYS MARKET.
As we wait for our confirmation we can see a possible consolidation,, this meaning the market has been stagnant or in other words dormant since the fall yesterday from 1955, and if you have noticed the same applied the day before yesterday, yesterday and possibly today as well although i suspect increase in momentum today, kindly do not risk your accounts, accounts with low equity could be at risk today, so you just need to play safe.
If we confirm a fall then our TP'S will be 1900- 1896 - 1892( Confident)
If we confirm a reversal then our TP'S will be 1939- 1955 (back to the previous high and possibly extend higher)
AS OF NOW I HAVE ONE CONFIRMATIONN OF A BULISH MOVE awaiting three strategies more and 2 indicators to confirm.
oooh yeah ) 3 Market Strategies and 3 Indicators FOR MY 1 HOUR TIME FRAME which is 5 Hours
So as we can see from our charts we expect either a breakup or breakdown, we have not yet identified our entry positions, we have not yet identified where the market is headed for, so we sit and wait for updates.
3 MAJOR SCENARIOS IDENTIFIED.
1. If Our triangle is broken towards the downside we will say it's signaling a downfall the same applies with our rectangle if it breaks up we say the market is headed up, if it breaksdown then the market is falling.
2. A bearish candle is formed on my lower band and looking at it's power, and i can say it will be a fall continuation when it moves back to the middle band and then bounces back down.
3.If both my rectangle and triangle are broken towards the upside and then bounces back to the middle band and continues going up we will identify a correctional move and possibly a reversal towards the previous high.
KINDLY NOTE : There are profits positions on lower time frames which can be identified ( Scalping ), please play short runs as we wait for the long big profitable runs.
As i have indicated yesterday there was increase in bullish momentum, it activated my first alert and as always i have at least three dimensional strategies to be either broken down/up before i enter the trade, These strategical indicators are all found in your charts all you need to do is just know how to work them out the correct way.
So as there was an increase in upward momentum, i saw some traders signaling others on a buy positions , but with us since we wanted to get into the market safely we had to wait and confirm and then we did confirm as i had indicated it could be a BULL TRAP FORMATION and indeed it was, then we saw a BEARISH FLAGPOLE formation afterwards, these two patterns are well illustrated in today's chart for better understanding of my followers.
We had our confirmation and then entered the market and got our 3 major TP HITS from 1955 to 1942- 1934 - 1920.
TODAYS MARKET.
As we wait for our confirmation we can see a possible consolidation,, this meaning the market has been stagnant or in other words dormant since the fall yesterday from 1955, and if you have noticed the same applied the day before yesterday, yesterday and possibly today as well although i suspect increase in momentum today, kindly do not risk your accounts, accounts with low equity could be at risk today, so you just need to play safe.
If we confirm a fall then our TP'S will be 1900- 1896 - 1892( Confident)
If we confirm a reversal then our TP'S will be 1939- 1955 (back to the previous high and possibly extend higher)
AS OF NOW I HAVE ONE CONFIRMATIONN OF A BULISH MOVE awaiting three strategies more and 2 indicators to confirm.
oooh yeah ) 3 Market Strategies and 3 Indicators FOR MY 1 HOUR TIME FRAME which is 5 Hours
So as we can see from our charts we expect either a breakup or breakdown, we have not yet identified our entry positions, we have not yet identified where the market is headed for, so we sit and wait for updates.
3 MAJOR SCENARIOS IDENTIFIED.
1. If Our triangle is broken towards the downside we will say it's signaling a downfall the same applies with our rectangle if it breaks up we say the market is headed up, if it breaksdown then the market is falling.
2. A bearish candle is formed on my lower band and looking at it's power, and i can say it will be a fall continuation when it moves back to the middle band and then bounces back down.
3.If both my rectangle and triangle are broken towards the upside and then bounces back to the middle band and continues going up we will identify a correctional move and possibly a reversal towards the previous high.
KINDLY NOTE : There are profits positions on lower time frames which can be identified ( Scalping ), please play short runs as we wait for the long big profitable runs.
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