Alright so, the question that everyone have been wondering, is this the bottom ?! Well I wish I knew, but it does look good to me, let's take a look. On D1 chart as you can see, we can't break the 6k-6.1k support range and we keep making higher lows following the trend. Talking about trend, we are close to breaking 2 old upper trend, the grey one is from the 11k...
Hello guys, vOid here, took me a little bit to update as I was waiting to see if we were going to move sideways a bit or keep dumping into oblivion. Good thing, my oct. 2 chart was right on point, except it took 3-4 days longer before the dump to 185$ occur. So what is poppin' since then. Well as you can see, we hit that D1 Bottom Range and bounce off of it in a...
Stock (5,3,3) and RSI (14) divergence at D1. Also I think it's match with my interpretation of Supply and Demand area. Disclaimer: I use paper trading.
Pretty simple -- if price drops through the green box, I'm looking for shorts on the 15m/H1 depending on the time of day. NG doesn't move as nicely as more contracts, but you'll still see strong moves at the right areas. The more it compresses BEFORE attempting a breakout short, the more I like the trade idea.
SP:SPX index is still on an uptrend on the daily chart. The price bounced back from support level. Ascending parallel channel tested couple of times. Bullish confirmation candle formed today. Conclusion: The US market is still bullish. If you think this analysis is useful and you want to receive new updates about this idea, leave your comment or your LIKE!...
Waiting For confirmation candle on SR to Short trade.
We watched this level break recently, and I mentioned I would have preferred to see a pullback before a big move....so here's a pullback. I'm usually hesitant to execute on the D1 because of the huge stops required....but might be looking for H1 entries in the next 12-24 hrs. The reason this isn't an A+ setup is that the level itself hasn't been completely tested...
Pretty simple, we're wedging at an important level. This is NOT a gimme setup because we're not really trending yet. Let's watch for buildup at the level and see if we get naked attacks vs buildups....we'll have a better clue as to what's going to happen. Updates to follow!
Hi there, This is a long position trade. 1) if price breaks the resistence (supply) on 1D chart, we can follow blue arrow. 2) if price goes down, we can wait and buy on the demand zone.
I will 1% on this, SP is bouncing on support while in an ascending trend. Going below support invalidates setup, this permit a good R:R of 1:3 Good luck
Using Chris Moody's Slingshot System to identify aggressive entry points. Prices tend to cross past or into the sling before big trend-following moves. AUDNZD has pulled back from the top of a channel over the past 8 hours. Using Connor's 2-period RSI, AUDNZD is extremely overbought and a big trend-following move is likely. Recommended SL: 1.06 Recommended TP: 1.051
Everything is written on the chart. Watch key support area at 1.335-1.365 in upcoming days if no upside breakout occurs. Remember to support your trading decisions with fundamental analysis :)
A very long tail & well defined bullish pin bar defying the support level. SL TP MENTION IN CHART
Multiple buyers coming from different angles: the Bull Channel, the Bear Channel, the multiple S/R levels. Some buying force to be expected.