easy zones for buying or selling bhp good luck!
As you can see the price is getting very close to the fibonacci zones drawn on the chart. We can expect to see a pullback to the lower box if we do not break above the upper resistance box. That being said If my short does not go to plan and we break above we are targetting higher highs. Check out my youtube channel at aweeboneshTV for more ideas :D
Textbook EW theory can it continue to climb higher?
Trading View can sometimes be frustrating when you use the timescales on the bottom left it automatically changes the length of your candles so I tend to simply set my candle I want to look at and scroll in and out with my mouse.
This is one Shoulder Head Shoulder ready to fall and close the GAPs below? Beware, eye and focus. @Luizdenot @xbroker
BHP looks to be forming a possible H & S at a strong resistance, looking at a move back to the longer trend of $34 or $35, before continuing its uptrend. ill also be looking at a close below the middle Bollinger band before entering this short.
BHP - Will it break through old resistance area ? BHP has been having such a good run of late, I thought I would have a look at much longer time lines and you can see it is entering this really interesting resistance pocket. I would probably want to see it crack $40 before making a strong play at it, but might be worth a watch. About BHP Group BHP Group Ltd,...
BHP has three swipes to the high and has accumulated there for quite some time, three levels are seen. BHP will most likely break past perceived resistance, maybe accumulate for a few days, and then drop.
china banning coal imports. possibly also iron ore
chart has notes, dont get stuck up there
Beware of upside breakout, otherwise a good place to short. Starting with a small position until theres a confirmation to either side.
Long BHP. Good 5%-ish yield. Trend up and with momentum.
BHP is approaching support line where it has rallied many times. BHP should do well this year and break out of this channel. Happy Trading!
Write sometning about your psyhology thinking before trade? Very sleepy and not in the mood for thinking Describe the trade. What you see? there will be the bounce from resistance and price will fall to the support level between wedge What have I done well for this trade? recognizing the triangel and try to play within the support and resistance level What can...
Trading in a tight channel and it looks a turn to the downside is quite likely, expecting if we break below the channel to fall into the blue box which would have us in the range of $29.27-27.44 before seeing a possible bounce up.