To me this action looks like the calm before the storm. A space without volatility where price is not going down lower to previous low levels. As price is coming from a previous downtrend into a level with lots of support, this gets me to believe that this breakout would be on the upside.
We are building. Nothing more than a period of accumulation inside this range. As more big dogs enter the price will continue to discount and range. Everyone will have a piece of the pie before this bad boy takes off. always remember... 2020 - IMF enters on the ledger system 2023 - First wave of large investors after regulation will happen in a 3 year span most...
Pretty simply....we've attacked this level really inefficiently over the last couple of weeks. Since that big gap down, price re-filled the area, retested the volatility expansion area, and failed to recover up past the preceding wedge. Bias is down, looking for setups on the H1.
Buildup on short-term Support & Trendline. Rejection of higher price in the last 4 candles. Short the Breakout of the red Support or Wait for the first Pullback. Sky has never been the Limit The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
The NQ is one of the trappiest contracts out there, so watch what happens at this level. It's worth zooming in to the 15m just to study the aftereffects in a few days. The longer it builds up near the High WITHOUT breaking it, the more I'll be biased long. If we probe it overnight, I'll be back to cautiously looking. Ideally I either want a naked attack in the...
As mentioned on the chart, this is NOT a swing idea, and it's a totally different trade if there's a gap involved. The support zone is tight, which I like for a daytrade. There are 2 clear levels where orders are tucked (past the yellow zone and past the dotted green line. IF we get nice buildup ahead of the yellow level break (which is what's happening so...
---- ANALYSIS ---- ... After breaking above Daily S/R line (1.3050) on Jul-14, price retraced to roughly 1.3000 ... Since then, Price has tested S/R line repeatedly and formed five (4h) doji candles within the last 24 hours ... Expectation is for possible Bullish breakout above 1.3050 in the 50-80p range ---- ACTION(S) ---- ... Waiting for confirmation of...
---- ANALYSIS ---- ... Price tried twice (unsuccessfully) to rise out of 100 pip channel ... Price also crossed 2h (yellow) trendline and is bouncing between various 2hr-EMAs ... 2hr-EMA(24) in light-blue is currently providing support AND also aligns with "chunk" of support candles from late May. ... small doji has formed (possible BUILDUP) ---- ACTIONS...
---- ANALYSIS ---- ... Friday's US NFP announcement created a 60-pip "pop" in price action ... As of SUN, price is now (slightly) above upper limit of 2h P-Channel ... Price also seems to have support at 1.1265 level ... AND, Price stayed ABOVE channel to close out the week (poss. BUILDUP) ... Despite BULLISH sentiment, still a chance of price retracing back...