Price has broken below the congested " chop zone" region. Very like we are heading back to test the long term support level, near $50. It's held multiple times so I set limit order to buy 50.75$, SL $49, TP $55 (the center point of the consolidation.
We wait for a closure of candle above the support and strong bullish signal to get in to buy
Crude approaching resistance on the 4 hour chart. Price action still range bound. Short from here.
head & shoulder pattern complete! (3 x bounce to top = grey, 3 x bounce to bottom = red). Now: 4th bounce to top? No! Why?: because else the pattern wont work/exist. So now it cant be a pull to the top because before it did when we had the pattern. but now its finished so it will do the opposite => go down more! easy :)
Downwards rejection at 38 fib easy. Very good risk/reward.
My wife is fed up and wants a new man... Please send me your applications... And hurry up about it as i dont want her hanging around. From the chart we can see that this week price broke though our trend line after respecting our resistance zone yesterday, price fell out the sky yesterday afternoon the bears must have been in a hurry, but now we can see bulls...
My wife is fed up and wants a new man... Please send me your applications... And hurry up about it as i dont want her hanging around. From the chart we can see that this week price broke though our trend line after respecting our resistance zone yesterday, price fell out the sky yesterday afternoon the bears must have been in a hurry, but now we can see bulls...