Although I am not actively trading OIL this is a very interesting chart. From the lows we rallied right into the 50 Dollar area, almost doubled the price since February. The magenta arrows show the impulse legs. So we are right into the last start of the impulse leg from the recent downtrend. Based on the AB=CD we could predict, that the market will give us at...
It's about Quantum Materials Corp. (OTCQB:QTMM) a nanotechnology company that can make copious amounts of quantum dots. If you never heard of a quantum dot you are not alone. The average person doesn't understand, know if you can see them with the naked eye, how they are used or what they even are. Quantum dots are man made crystals 10,000 times smaller than a...
Hey guys!I have not been posting much lately,but I am gonna post a lot more a bit later this year. We are currently testing Major TL on the Daily I am looking to add to my current long positions on Silver at the bullish bat completion area. Plan your trade,trade your plan!Have a nice day!
I think we may have finished retracing for now and heading down. -I want a break and close below the 4h trend-line in blue here -Coincides with fib 0.618 retracement -ABCD Structure in play -We just bumped our heads on major monthly resistance of 1.4000 and held below -A lot of long wicks around the 1.4000 too -Targets as shown -Another reason why we could be...
DXY briefly spiked up before a new collapse. Remember triangle is broken.
GBAUD is on it's way to lower wedge line.
This is an SPX Chart that outlines historical trends and explain what could happen if SPX is consistent in its behavior during a crisis. To be able to predict the future one has to study the past. During the 2000 Internet Bubble & 2007 Financial Crisis S&P 500 shed about 50% of it's Value (in both crisis). And it fell to same support line which is between...
Double (actually triple) bottom detected. If only bullish engulfing pattern in next candle = going long. R:R=5.
Waiting for bearish engulfing candle. That will be good sign to go short to ~0.68, but carefully at the ~0.685. R:R>=1.5.
Waiting for engulfing previous candle (with wick) with actual candle. R:R>=1.5.
Waiting for clear bearish engulfing candle (best when wick also engulfed) and after 1st bearish candle close wait for confirmation with next candle (down wick of 1st bearish engulfed with 2nd bearish) and that's good sign to go short. Take profit on support line (I think it will be also in dynamic support/resistance zone - between 30 and 50 simple moving average)....
Waiting for bounce from support line and then after reversal confirmation (doji or engulfing - only "real body" of candle matter and ONLY after candle is closed - never before) good opportunity to go long to next resistance line or higher (e.g. to dynamic support/resistance zone between 30 and 50 moving average). R:R should be approx. 3 or higher.
Waiting for bounce from last support and if clear doji or engulfing - oportunity to go long to resistance. We must wait. R:R should be over 2.
Waiting for close of candle with bullish engulfing (only real body matters) 2 previous bearish candles. And if next candle engulf wick of actual candle it's a sign to go long. R:R=~1.5
Waiting for bullish real body engulfing candle with small upper wick or without (best). If next candle will engulf that wick then it's good sign to go long to ~2.03. R:R>=2
Waiting for "real body" engulfing with close of candle and if = then long to .TP1 (first resistance line on chart) or TP2 (second resistance line on chart).
Waiting for "real body" engulfing with close of candle and then short.