S&P 500 update: The main stream media outlets create and capitalize on financial drama, but when you look at larger time frame chart of the broader market, there is nothing particularly dramatic going on here. This market is range bound. Range bound markets are good at extremes because reversals are reasonable to anticipate on both sides of the market, long and...
Continued sluggish performance by the Dollar is keeping it within a 550 pt Range between roughly 88.00 and 91.00. As previously mentioned, current market condition is a strong downtrend weakening and consolidating inside that relatively narrow range. This mornings Retail Sales announcement came in lower than expected, probably contributing to the continued drop in...
Pair had a bearish bounce at a triple top range resistance. Pair has now had a fourth range top touch that failed a bullish continuation move. Entry will be from a 5m or 15m bearish reversal canle pattern. Take Profit is found from a 4H support level.
Range strategies are used when the market lacks direction Find support and resistance to define your range With any strategy manage your risk in the event of a breakout Support @ 1.218 Resistance @ 1.25ish
Last Thursday I wrote about the potential trend change for the YEN , which has been dominant since November. If you're interested, go back and take a look at that post. We all know that Technical Analysis is an art and that fundamental analysis, while a little more empirical, still requires interpretation. However, price action fell right into my lap and I got in...
4HR Right now in a nice sideway trend (rangebound) looking for an breakout to the upside
Seems to me people are either unreasonably bullish or unrealistically bearish. 8-12k is simply a Wyckoff trading range - one I expect we will stay locked in for at least a few weeks. Above 12k I am bullish, below 8k I am bearish. There was huge volume coming off the 6k bottom, which as we all know was horribly oversold. In another idea I said if it hit 5k go...
This trade is from our free pdf "SUPPORT AND RESISTANCE ZONES STRATEGY" PM me if you have any questions, I will be happy to help.
Pair is in a descending channel Bullish entry channel break out Bearish entry range bound sell stops Take profit levels listed on chart Watch for Macd for direction
Pair was in an ascending channel channel breakout into consolidation range bound consolidation range breakout for bearish ENTRY take profit previous support watch Macd for bearish confirmation and direction
4H Right know in a good rangebound between the weekly support and the daily resistance
LTCUSD update: Price action has been consolidating and is now showing a reversal pattern within a projected resistance zone near the low of the range. I am now long (50% position size) from 230.01 This is a position trade that I intend to add to if price pushes extreme lows. What is a position trade? It is a longer time horizon trade that requires less precision...
Not the best currency pair to be getting involved with at the moment. There is a lot of possible scenarios developing and no clear direction. Not only are we within a range, but also in the middle of Channels, which is not an ideal entry point. Identified are: 1) Ascending Wedge Pattern; 2) Channel #1; Channel #2; At the time of this post, on a slow post xMas...
Oh, Vertcoin, you are still rangebound. While we've had 3 solid green candles, price has not shoot off to the moon in this latest crypto rally. However, on the positive side, price has respected the Bollinger Band midline and is now trading in the upper part of the range. There are big money bulls buying up every dip. The longer the accumulation, the higher the...
$NEO broke out of it's almost month long range and is now riding the Bollinger Band's outer level as it attempts to get back to the All Time High. We'll have to wait and see if this is the breakout will follow the breakouts we've seen in other altcoins. Stay tuned and HODL! If you like this post, please click the Like button, tell your friends, and re-Tweet! ...
Cardano continues to trade within the range of the daily candle of 12/7/2017. And, of course, this is within the range of the daily candle from 11/28/2017. This accumulation period could last for a long time while the big money market makers are establishing their positions. If you like this post, please click the Like button, tell your friends, and re-Tweet!...
see chart for general levels on Euryen