Good aceleration, good trap in the flip.
Double false break on the top followed by break below last low on the H1 chart would be ideal setup to look for sell opportunities. If that happens try to catch the correction and sell.
I want to see a double false break on the H1 chart, followed by break below last low created to confirm the bearish momentum. Once that happens I will be looking for pullbacks near the trend line to sell.
There is a possibility for oil to create a false break on daily chart and we already see divergence on daily chart MACD histrogram. On the H1 chart if we get a break below 50.70 it will be a good idea to sell rallies.
Potential false break above 127.000. Sellers quickly managed to push price back below the level. The bearish trend seems to increase in strength and looking at the measured move objective we could get a substancial bearish move if the false break manifests. I would only look to short around 127.000 if we see a weak pullback into the level. If the move into the...
We might be seing a transition from the bearish into a new bull trend long term. Buyers managed to push through resistance around 0,68800 but the selling back below the level was pretty strong so this might be a false break. If the buyers really were in control they should have managed to keep price above this level. IF and only if we get a weak pullback into...
German Dax index was ahead of the 10.000 point big figure, after a false break turns down heavily...
German Dax index was ahead of the 10.000 point big figure, after a false break turns down heavily...
Spike or false break above the last high together with divergence and we have a sell signal. For a more conservative entry wait for the trend line break Target 1: $1100 Target 2: $1090 Stop Loss: Above $1135
I've been asked a lot about trading during Holidays Season. There are several things you need to be aware of if you intend to trade during Holidays Season that starts this week: 1. Low liquidity - Market is thin as banks, funds, institutions and pro traders take time off 2. Unexpected moves and increased intra-day volatility. Aggressive price reaction to minor...
$FAS is testing the bottom of a weekly channel. Critical support zone to watch but on the longer term, I'm bearish
Referring to my earlier analysis on the daily chart for this pair in the link below, this market has gone deep into the identified support zone and pushed beyond the lower end of the zone before rallying back up into the zone at the point of writing this post. The candle in H4 chart is not closed yet. Will wait and see if this is the false break I have been...
Last week, market tested and broke resistance zone around 102.75 three times but failed to close above it. From the chart, we can see the three candles with long upper wicks showing rejection of resistance zone. Will be looking for short opportunities from any retracement back to 102.75 level.