D1 - Price reached a critical zone based on the fibo levels of the cycles, bullish divergence.
H4 - Bullish divergence, until the last low holds I may now look for bullish setups with more bullish evidences in order to look for short term buys towards the 38.2 to 50% fibo retrace zones.
Once the price reaches these zones, I may then look for bearish setups with...
D1 - Price reached a critical zone, potential bearish divergence forming.
Until this critical zone holds and the possible divergence is not invalidated, we can look for sell setups.
H4 - Bearish divergence completed already along with nice bearish Engulfing pattern. That’s the first aggressive trigger.
If you want to be more conservative then wait for the...
AMZN ran up on buybacks that moved the stock up rapidly. Meanwhile, a slow and steady Dark Pool Quiet Rotation™ Pattern with incremental selling of this stock continued. The stock faces stronger resistance above the current price.
Previous view: Odds of a bull pullback are medium/high, stay bullish and buy at any low point while we don't break the 0.74400 bottom level, which will confirm the bearish pressure.
Actual outcome: Prices tested 0.74400 bottom level; although the was a tiny rejection, the bearish pressure has been confirmed.
Possible targets: @0.74000 (+30pips) and @0.73640...
Previous view: Odds of a bear continuation are medium, stay bearish and sell at any high point while prices don't pull out from the support zone or 0.69000 top level.
Actual outcome: Prices broke a support zone and are still subjected to a bear pressure. The odds of a bear continuation are medium/high with tiny chances of a reversal driving the price higher....
Updating my idea on Bitcoin - USD Dollar in more detail. I have 3 limit sell orders open at levels $9477, $9900 and last level 10180 USD, my first take profit target at $8000, second $7100 and third $6370. Stop loss at $11000
There is a clear channel that adheres to the peaks and troughs of the sideways trend on the price movement on the daily charts, starting from February 28th, 2019. Both the upper and lower boundaries of the channel have been tested multiple times during this period -- the more times the limits are tested, the stronger the both support and resistance become. The...
Gold is a nice sell for next week but be careful with any trade which is associated with USD because next week is full of high impact news so careful with your trades.
1st arrow done is T.p
The 2nd arrow down is T.p 2