Journal Entry Bias: Positive. Sentiment: Optimistic. Emoji (emotion): Focused 🤖. Null Hypothesis: Buy. Alternative Hypothesis: Sell. Signals: ... Position: Day trade. Notes: I'm anticipating the market to buy back to the trendline. Other: The market is closing the monthly in a few days, things should get interesting. Tutorial: (Q/A) What exactly is the...
Caught a downtrend of an AUDJPY for homework for Forex Mastery Institute (FMI) so that I could mark up the primary, secondary, and minor waves.
The down-sloping Fork reveilles the most probable path of price. And we see how price reacts to the Forks balance line, the Centerline (CL). It's just wonderful, watching the ebb & flow of this market eve on this lower timeframe. I would not immediately short it but wait for a better tell. Reaching the orange zone would not surprise me, since this is where real...
To be honest, I dislike the S&P perspective right now . I think the price has extended beyond the bearish point, which is a mistake. The hike is still happening in the near term and the global slowdown hasn't gone away, all the other markets are being pushed solely by the S&P strength and I find this a bad pattern. Also, the chart seems to show a bearish flag,...