The daily up correction trend line was broken today. Based on shorter term patterns I took my first short position, about 1/3 of what longer term I Hope to have. As you know most “gaps” are closed within a short time period except for so called “opening” gap. Usually it’s hard to know it was an opening gap til much later. For me personally when there is a fairly...
Currently in the yellow resistance field, going up in what looks like a bearish pennant.
Between the .618 and .65 fib ratios is my favorite place to load up for the next stage.
Stop loss set at around 2700 cause if we breach above the green line, we're looking bullish again.
BTCUSD is approaching our first resistance at 5991.7 (horizontal pullback resistance, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 5151.5 (100% Fibonacci extension).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin...
Ark (ARK) is getting ready, this chart looks really good and we have great potential here. The Altcoins market is getting hotter and hotter, and we are looking right on schedule for our May/June bull run.
So let's diversify as much as we can, positions ourselves as early as we can, so that we can later maximize profits as much as we can.
I always mention big...
from my point of view i see that we have reached the s/d zone and price is forming a support zone with several penetration and break attempts.
I will wait for this support to break before entering a short position.
Alternative for this short is a break through the "2015drop zone" and a long trade after a close above.
Epic chart with simple view ;-)
i think the break out is confirmed on the DXY
because he brak out the long tie tdowntrenline since almosst high 2016 then after technically he do the pullback on this t-line and bounce on sharply.
so we can say for short and middle time the dollars is back in da place
first target easy at 94.05
me i entry on since friday and i have a traling stop now.
he can go...
This is an example of how you can trade the SPY setup using RgMov and CCI signals.
The strategy is to sell overbought rallies after RgMov puts on a new 44 bar low, until it makes a new 44 bar high, and viceversa.
Specifics of entry and exit are reserved for my trading course students naturally, but you can obtain some tips from Tim West's publications on the...