I'm Bullish. I'm very bullish after a B.A.R of the $69.16 price point. We shall see.
This mark up reminds me of why I like to stay Neutral. I was 1st Bearish when I start analyzing this pair due to how price was playing to my levels, heading further down, but I went high up to see what's new. Price was actually heading right into a very significant HTF OB which is how it ended on last week's closing candle. I expect it to head further down...
Here's my DJI analysis from a smaller time frame perspective. This is another case of being patient to allow certain things to take place before execution. My bias is definitely short for the Dow Jones Index due to a number of factors, but I'll name a few. Confluence (3 or more): -Price breached a significant HTF OB -Price broke through HTF Diagonal...
As we start a new trading week I felt the need to update some charts from a smaller perspective to be published. I am still bearish for the overall, but of course we'll more than likely see counter trend opportunities. I wouldn't risk it for small gains when I know if I'm patient long enough the reward is far greater going with the trend. We shall see.
My last analysis was from high up on the Monthly, I wanted to zoom in to get a closer look at price. Am I Bearish or Bullish? Bearish. I believe price will continue to break down, it's only a matter of time. I also believe that it's possible for a rise in price, but now isn't the time for that so to look for longs would be very risky on the capital. These are...
This was a quick mark up on US Oil I just completed due to a good convo I shared with a friend on Facebook. I've never looked into oil, but from what's been currently transpiring I am now intrigued. Let's see what happens!
The Dow Jones Index is at the high end of the curve. What goes up must come down. I believe we'll see another rally in price before it actually starts to head further down, but I would be looking to short once there's a B.A.R of the $21600 price point. We shall see.
These would be my areas of interest IF I were to trade the SPX. I am Bearish. However, I do believe that it'll be a rally in price right before the bears enter the market to push it lower. When? Hell if I know. I would pay close attention to price action since it tells you everything you need to know. Happy Trading!
I do not trade the New Zealand Dollar/US Dollar. However this is just a quick mark up of what I noticed by glancing at it.
I feel like I haven't viewed Bitcoin in awhile. However, these are my areas of interest which I'll track for the time being. Things can change as price move forward but BTC emerged from my HTFZ (8783.3) and now approaching a new level (9640 - 9700). If the new level is respected then that means a short opportunity should present itself, and if engulfed then I...
This is my Australian Dollar / Japanese Yen chart that I'll be tracking.
EU was making classic LHs & LLs on the Daily chart which led price right into a HTFZ (1.0820 - 1.1016) where price not only reversed but broke out of a bull channel. Although I'm bullish I would like to see price dip back down around the 1.0991 - 1.1035 levels before a strong rally happens. Since EURUSD engulfed a zone on Friday's closing candle I would look to...
GU's price is approaching a HTFZ (1.3000 - 1.3170) while in a bear channel along with bullish momentum from LTFZs and off a PPZ. If the barrier is respected then I would be bearish for the upcoming week(s). I try not to base my analysis off of any indicators, but I will say that I noticed the RSI divergence being shown on the 4H chart as far as price is printing...
I'm usually Neutral since I look to go with the flow of price. However, I am bearish with the DXY considering that it's repelled from my HTFZ, dropped below a PPZ, broke diagonal support and correlation through multiple time frames. My next barrier is between $95-$96 so I'll continue to track price and update as everything unfolds. We shall see. NEVER TRADING ADVICE!
This is my British Pound/US Dollar mark up, at times I leave engulfed levels on my charts as reference points. However, price not only blew through a HTFZ but even my HTF diagonal resistance, but price is also approaching a huge barrier beginning at the 1.3000 level. I'm always Neutral. P.S. Do you see the pattern? NOT TRADING ADVICE!!!
From September 24, 2019 'til now bitcoin's price has been ranging within a HTFZ ($7435-$8783). The swing low of the move ($7793) took multiple hits which gave price momentum to start printing HHs & HLs. Price action was able to form a new untouched zone ($8188-$8182) which should give the highest probability trade. However, there's barriers waiting to stall price...
The full extent of the move is 83+ pips and to the 50% PRZ it's 41+ pips. For my standards, both are great amounts, but I'm doing my due diligence at keeping my greed in check. However, I would "eat chunks" out of the move by scaling in on price. If it don't reach the zone and it continues to tank then I'll adjust my approach. I would wait for a B.A.R to execute...