Third touch and rejection of 151.80 (1st confluence)
Engulfing of the previous candles(2nd confluence)
Impulsive break of previous low (3rd confluence)
I see no reason to hold back.
Trade Idea : Sell Stop (waiting for rejection and continuation)
SL - 151.35
Entry - 151.05
TP - 150.05
Let's stay watching because where price currently is (190.90) is a level to watch. We close below here, have a rejection, confirmation candles then we know we are looking to stay going down.
1hr has already given us 1 confluence, we need 3 before we enter. It is forming a second one but has not confirmed it yet.
RISKY TRADE IDEA, enter the market with sells...
We are on track and going very nicely to what we wanted before we go with the market. Keep holding that patience and stop those fingers from executing any trades.
As we move lower, think of possible moves which could invalidate the forecast:
Bull momentum taking over
New rejection level
Fake outs to the downside
Major news announcements
Wrong psychology
Wait,...
Good thing we were patient and stayed out.
Following the previous post, I had not set out an idea. This was just placed and not taken.
Now we have a better idea as to where and what to do:
We waiting for the retest on the rectangle and confirmation of bull movement before we set out our buy stops and market entries to go with the bull run.
We are still holding and waiting before actually placing this order. We need more confirmation, especially that of high volatility and high impulsive energy before we are certain.
Wait for the break of the current channel.
Waiting for retest
Enter
- Those are the rules for this idea before we even enter.
It looks tempting and a break of 151.200 looks like the...
If you had taken the trade idea early you would be stopped out.
Momentum is slow
191.57 we had a double rejection (Double Top)
Don't be bias and stick to a direction, stick to market movement and direction.
Wait for the close of the next hour and candlestick confirmation (Evening star, dojis, rejections) in order to determine whether we are stay up or faking...
Straight forward, this is bullish and has no reason to stop being bullish. HH and HL are the indications of the strength of this trend. Within the channel is where the action is. Current price we bearish.
For now stay away from the trade idea but rather on the movement of price. We melting downwards, which resembles the supply but not the demand because it could...
Sum of the averages within the blue boxes and that is still what I am seeing. I had a great long last week but was taken out by the SL in profit, yet it went the full direction of the forecast.
We seeing a flag forming that is slightly bearish, which would allow us to place buy stops just above and a SL below the flag low, but this is the high price Nas has ever...
Had a beautiful setup with this last week, added entries along the way. Had a buy limit which wasn't triggered but the forecast was correct. Our aim is to be the best meteorologists out there.
Current price is consolidated, which indicates that we are about to have an impulse (demand order). This will help us determine which direction we set our orders. Opening...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 SOL has been overall bullish trading within the long-term rising broadening wedge in blue.
How high can SOL climb?
The marked blue circle represents a significant resistance and overbought zone as it marks the intersection of the upper blue trendline and $200 round...
Just some guessing here based on some Fibonacci lines. But if my predictions come out, then we'll have a 4 Trillion total crypto market cap around may 2025.
This could also be the top of the next bull market and a huge opprtunity to lock in profits.
For the short term I expect a pullback to the last major support. But after that...
We got to 50% of our aim, with SL moved into profits we should have been stopped out earlier than when it went for our initial SL.
Here we now wait and watch.
37500, important price level
Late trigger but it was amazing forecast and mid analysis.
Here we are now looking to scale in and do more. Move SL into profits we do not run a non profit.
37600 - 37630 (Area of significance)
- bounce and rejection, with candlestick confirmation is a move up
- impulsive candlesticks down and rejection means we are drowning price again.
Analysis is off, but forecast was right.
Here we are learning and doing better each day. Had I opened up my laptop yesterday, I would have possibly seen an opportunity to enter the bull run.
That's the lesson we learn as being managers of funds.
Break of 16640 will be where we start looking for more opportunities.
Beautiful entry and the timing is perfect.
Stay watching 144.00.
- break and close above will see impulses up to test previous highs
- bounce and close will see the melt continue
We clearly have an early tendency, meaning we need more confluences before entering.
Following the wave and awaiting a new entry chance in order to fully succeed here.
Stay watching 183.5
- rejection candles and impulsive bearish candle means we keep sinking
- break above, close and rejection above here we are moving up
