If we look at the 1D timeframe chart there is a strong demand zone and this possibility will be one of the momentum for a reversal.
And if this is true then the price will close the big gap at the price 1354.40 - 1544.94
Momentum, Trend, previous week's Friday Asian Range, in confluence to a huge GAP of the strong rally towards $69k.
Behind the GAPS are an old htf swing high and a flip zone of the top from 2018.
It's the ability to believe in the unpredictability of the game at the micro-level and simultaneously believe in the predictability of the game at the macro level that makes the casino and the professional gambler effective and successful at what they do.
It's the ability to believe in the unpredictability of the game at the micro-level and simultaneously believe in the predictability of the game at the macro level that makes the casino and the professional gambler effective and successful at what they do.
What can't go up must come down.
You don't have to be very smart.
You just have to avoid being stupid.
"It's remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent." - Charlie Munger
KIV toward bearish
- Rising wedge formation
- Price losing momentum
- Price broke trend line
Lets see. Let the set up come to us.
“The secret of happiness is freedom, the secret of freedom is courage.”
Bearish
- Inverse HS
- Inverse Cup and handle
- Broke upward trend
- Price at major S/R level / neckline
“Failure is simply an opportunity to begin again, this time more intelligently.”
Bearish
- Inverse head and shoulders
- Inverse cup and handle
- Broke upward trend line
- Price at major S/R level
- Momentum divergence
“Success is the sum of small efforts, repeated day in and day out.”
Bearish
Price lost momentum
Double top
Head and shoulders
Retesting key level S/R
Lowers heads / lower lows
“Success is the sum of small efforts, repeated day in and day out.”
Bullish
- Round bottom
- Broke downtrend
- Broke neckline
- EPS +1
- Sales +1
- Funds accumulating
- Great fundamentals
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
“If you are depressed you are living in the past. If you are anxious you are living in the future. If you are at peace you are living...
Bullish
- Higher lows
- IHS formation
- Double bottoms
- Funds accumulating
- Great fundamentals
- Needs to break above downward trendline & neckline
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
“The gem cannot be polished without friction, nor man perfected without trials.”
Cheers and happy trading!
