hope all you man are good here's what i see on igolide!
- on the weekly and daily we are strongly bullish as seen by the long candlesticks
- down to the H4 market broke out a level of resistance and retested that level as seen by he long wick on the current H4 candlestick
- on the M30 and M15 i am waiting for a higher low point to make entry
- my stop will be a...
hope all you traders are doing great! here are my observations of the s&p...
- so for two days (thursday and wednesday) the market was at a level of support, and price tried to breakout of this support level (on lower time frames) but broke back in to show that it has been respected
- the rejection of yesterdays daily candle are seen as an inverse head and...
- we broke through the neckline of the double top on the daily timeframe yesterday
- we are currently at an intraday level of structure where market looks like its retesting it and continuing being bearish
- currently waiting for the break of the previous low at 12052 to go short
- or if the market wants to retest the neckline of the double i will wait for a...
so first things first...
-market brokeout to the downside on the daily timeframe
- then market ranged for 4 days forming a bearish flag which is a continuation pattern
-market is currently at a significant support level so if it breaks entry can be taken on the initial breakout (aggressive) or wait for a retest of that structure (conservative)
- take profit is...
too late with publishing this trade i took on nas100 but my reasons were as follows
- a double top formed last week at a significant resistance level
- market then broke the neckline of that double top
- waited for a retest of that neckline which occured at the london open and the new york open
- waited for a formation of a lower high on the M5 after the...
my insights are as follows
- on friday morning during the london open, market formed an inverse head and shoulder pattern at a significant support level
- market then went on to break that neckline and was bullish throughout there whole day on friday
- today it is currently in a range so i will be waiting for breakout either to the upside or downside but my bias...
