ES has tested the high end order block at $3957; what I would think is to stop the sellers out the trade and draw more liquidity to push this thing down. I've been posting on ES a number of times throughout the weekend. I'm going short on ES at $3955.5; with a long goal of swinging this trade to $3853.
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Analysis recap:
RSi - 50.0 very neural
MACD - Golden cross on 4H (not very significant for GRT in this period)
On the chart we can see a Descending Wedge almost completed, if it wont breakdown to the downside it will be the signal for GRT to finally get back the momentum it has in FEB.
Suggested price range for long entryes 1.35 $ - 1.48 $ on short term we...
Couple of choppy trades prior but secured 100 pips on the buy before switching to the short signal which is currently running circa 40 pips. This may be enough for some of you but we will hold until SL or reverse signal. Will move SL to Break Even at TP2.
LET YOUR WINNERS RUN !
Here a chart of S&P500 from late 1993 to late 2018 on a monthly chart as indicators for major pullbacks.
MACD has fastest response, CCI next, DPO also good but laggard for people still holding.
BITMEX:XBT
After our last successful short, we had some kind of a correction upwards and now it seems like we're ready for another short position.
We can see that we had some kind of a double top and an immediate fall after that, our RSI and STOCH look like we ran out of power and starting to go down again and showing signs of divergence.
Parabolic SAR has...
