Price broke Exhaustion and created new High since Mid December. Waiting on retest of exhaustion, H4 Trendline. Wait for double bottom, Bullish Engulfings, selling exhaustion, MA's Being respected
After making a huge Downward move (so many confluences) at the start of the last week, Price has made a retracement to the 78.6. Expecting a retest of the 78.6 Fib, Creating a double top, with MA's Crossing, Bearish engulfings, Break of Support with a retest.
WSA is an Australia-based mining company & its activities include mining, processing and sale of nickel sulfide concentrate from high-grade nickel mines, other base metals and platinum group metals. The price has retraced to the 61.8% fib level & closed the gap. It is also the historical resistance zone and is currently providing support. The quarterly results are...
What we can see here is that price has been showing rejection from the major key level of 1593.70. Not only just that, we see multiple rejection from that zone between 1546 and 1562. Recently, price has broken out of early February's descending trend line. Will price reach that major key level resistance and show a possible rejection or break out and retest that...
Short term Counter trend Sell possibility Wait on market open price action
Ideas on what could happen. Always react to what the market is showing you. Patience always pays.
Just a Basic Analysis on different scenarios that can occur
Waiting for Bearish signal on HTF but looking good for a short Seeing a Double Top at H4 S/R
Potential Buy with countertrend H&S pattern up to exhaustion/38.2 FIB Once Price Action & Momentum shows, Potential Sell to the -27%
Waiting to see what occurs within this zone Will it break Support or break trendline for a counter trend
Wait to see when market opens & what price action does Expecting retracement but not guaranteed with current Fundamentals Watch and see what occurs
as i stated before seeing the charts a bit more clearly we should see some upside as theres a fresh one hour chart uptrend over the last little while 1. our HOURLY FOUR HOURLY AND WEEKLY SIGNALS ARE INDICATING a STRONG BUY 2. we have a bounce from a 4hour support support 3. and our stochastics are up for daily and 4 hour chart we MIGHT VERY WELL SEE AN UP...
Daily Structure was respected. came to 88.6 FIB before being rejecting lower, H1- Created a triple bottom, Bullish Engulfings, Cross of MA's, exhaustion Trades Already Entered 1st @ 0.68658 2nd @ 0.68806 3rd @ 0.68761 TP's will be between @ 0.70300 & 0.70800 Will Enter more trades if the market provides it
Daily Trendline being respected H4 - Price came up to 61.8 FIB, touching a H1 Exhaustion Zone before reversing back to the downside, Creating a FAT Bearish Engulfing H1- Cross of MA's, Multiple Bearish Engulfings, Minor Structure was broken and retested < H1 - Minor Trendline Break and Retest, Already in the trade 1st Entry @ 1.30666 2nd Entry @ 1.30456 Going...
Came back up to Exhaustion Zone that has been touched 5 times since December 1st Created a Evening Star Doji with a huge Bearish Engulfing on H4 Going to wait for a retest of 109.7 exhaustion / or a breakout below 109.45 with a clear retest and Other Confluences (MA's, Minor Structure, candlestick Price Action) showing downside move