Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 74/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our...
As I mentioned in the Weekly Outlook video, I expected the fair value gap + the bullish breaker block to hold price, and provide support for a potential rally. It chopped since Tuesday, but we've seen the bulls come in and slowly start to move price higher.
I expect that price will continue that move today.
I am looking for price to pullback a bit, after taking...
Crude Oil is trying to breakout short term here, after a bullish divergence between price and volume as marked with green arrows. We like it here, with a trailing stop. DYOR
This is a beautiful price action that has many confluences that support Selling Oil. Firstly, we have a clear head and shoulder pattern on H4 which indicates a sell is imminent. Secondly, we have a huge bearish engulfing candlestick on H4 that signals the bears are taking over. Last but not least, we have price in the golden zone 61.8 of the Fib - an area that is...
CL1! LIGHT CRUDE OIL FUTURES H4 : BULLISH CORRECTION SETUP
Its time to achieve some more uptrend targets. CL1! LIGHT CRUDE OIL FUTURES is looking for to achieve buys targets, in upcoming days.
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dear all plz chk the price of crude last December price trade in consolidate and trade attempt one breakout but failure but again entry buy with small stoploss because price breakout and price may be go to upper side but we maintain small stop loss.
Crude oil is at a long term support near 72 and may bounce from here. It may remain in up trend for 1-3 months. The weekly chart has been forming a wedge.
How to trade with Divergence? A condition where the price candles’ tops or bottoms point in a different direction from the corresponding tops or bottoms of the oscillator's signal line is called a divergence. Such divergence can be bullish or bearish.
In simple words, the price movement is opposite to the stochRSI,
Price lower lows, stochRSI higher lows =...
Preferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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