The SET index went up above 1750 to ~1760 but then closed below 1750 on the same day. This 1750 is significant as it is the current 61.8% fibonacci retracement on the downtrend pattern. Daily chart now showing a doji price action and assuming the current rebound from 1600 is a B wave, I am expecting a sell-off for today (the 20th Sep).
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When SET choose their way to BREAK UP! We will seek up for NEXT RESISTANT ZONE. The next resistance maybe T1-1,750 or T2-1,794 via fibonacci clustering.
If can not stand on 1,099.24, T1(1,082+-) and T2(1,071+-) is possible.
PUBLISHING THE TRADING METHOD I FOLLOW WHICH IS VERY FRUIT FULL IDICATORS USED :- DOUBLE SUPER TREND RSI DMI+ADX PIVOTPOINTS FIBONACCI VOLUME & FINALLY THE MOST IMPORTANT THING RISK REWARD (STOPLOSS & TARGET) REGARDING NIFTY AS LONG AS 11350 IS PROTECTED UP TREND MAY CONITNUE TILL THE RESISTANCE LEVELS OF R1 ,R2 ,R3
SEP, 2018...May down to 1,660 or 1,640 via Fibonacci Clustering
BTGUSD Next Short Set-Up from Here The wider spread compared to BCHUSD has seen volume shrink away on this pair and swell on BCH. But it's still a good shorting vehicle nevertheless. It halved from 26 to 13 in a matter of days for example. "No coin is ever too low to sell" - to update a W D Gann quote for the 21st century. The downtrend is still strong here...
ETHBTC This has been a good short through most of August, down 20%+ from the 542 break level to 426 now. There was a second chance to short again from the lower green arrow as it broke the continuation pattern at 46 which has yielded close to 10% this week. But it's making a little double bottom here and the near term downside target has been touched...
NEOUSD Update and Next Trade Points It's been a week since the last scan across the top 20 or so coins. A lot has happened in 7/8 days. Remember that no coin is too low to sell and likelwise in a bull market no coin is too high to buy. Remember also that we play a game of probability. Some play momentum and volatility and some play hunches and mistaken beliefs....
GBPUSD Sterling has spent all of August in free-fall. After breaking below the support line at 1.3029 it's finished the week right on the next line of support at 1.2766 after a low on Friday at 1.2723 . It should counter-rally some more from here, potentially as high as 1.2928-1.2957 at best before it comes off again back to current levels at least. On the...
Patiently waited for the bull (R.Angle) ascending triangle to complete on 4h chart, with MACD convergence made the trade simple. Strong bull candles on previous days recommend to break through and move forward, Loaded up @ 1.7187 with RR=1:5. Will evaluate the trade during and after. Happy trading.
Bitcoin Saturday Trade Set-Ups for the Aficionado BTCUSDT BTCUSD: Bitcoin Saturday Trades for Die-Hards A slow overnight session has given way to a slow start to Saturday trading. Bitcoin has held up though and if still long here is about 80 points up on the last entry at 7375. Looks like we're stuck with scalping still for now looking at the lack of interest...
Bitcoin Bitmex Chart Update XBT After 36 hours of consolidation Bitcoin has held above the key 7265 level after a spike low at 7243 on this feed and since then has survived a couple more retests. It's not ready to fall away yet therefore. Looks as if it will make another attempt to touch 7615 and maybe spike into the uppermost parallel again as yesterday - this...