PSYCHOLOGY BEHIND THE TRADE
The price is moving between the sideways channel in a weekly chart and in a daily is is moving in an uptrend in the short time frame and in this uptrend, the structure is looking like the ICC pattern which shows the higher possibility that price will go up and touch the top of the sideways channel
> Risk reward
- Risk -1.13%
-...
The price really went back to the last bottom that the BTC met on November 25.
The first few hours after reaching this level, the reaction was positive, but currently, the bullish force is already decreasing and if this level does not hold, then reviewing the $6,200 zone becomes really possible.
The WaveTrend clearly shows us a willingness to see the price rise,...
ACB
Aurora Cannabis Inc (NYSE:ACB) is one of the most widely diversified players in the cannabis space due to its powerful strategic investments, and it clearly also deserves to be at or near the top of any list involving companies most likely to benefit from the unleashing of the US market on the world free of federal restrictions. But it is battling against a...
I'm showing this chart in this fashion for a few reasons. Let's take a look at the EW count. We have just completed wave 3 of 3 of the largest count. Currently going into wave 4 of 3 and should wrap this up in the next couple days. The EW count suggesting that we still have another leg up is justified by the 4 overlaying indicators here- let's take a look.
RSI:...
There's some nice price action around the weed markets right now and Harvest One is no exception. The most obvious signal here is the RSI divergence forming right now. The price is settling way below ATH, and it needs some retracement upwards! Let's see if we will have a cannabis craze across the board.
This is once again a low risk trade like the one I'm...
Looks like we are trying to re-test the recent high. I will be going long according to ICC wave signal on 5m timeframe to target that area which coincides with the upper channel line.
The FX:CADCHF It is seen as a rising wedge, to end at any time; RSI still shows strength to go up a bit which may give space for a congestion area and the "ICC" and shows his classical divergence before a turnaround.
It does not seem to be a general change, but can become a good pips for the following week.
ideas, comments and suferencias
They are always welcome
In this pair, sterling it seems to have been accumulating power to revalued slightly.
Some observations are:
It is nearing the end of a mini cycle Elliot.
It seems formrse falling wedge within a descending channel!
"RSI" is forming something like a divergence
"ICC" has made a divergence too
the price is close to a fibo level, and it is possible their...
