I took a long trade at the break of 200 EMA (candlestick highlighted in black) last week.
The price has come to retest the 200 EMA again. Look for re-entry opportunity.
1) All Ichimoku signs are bullish
2) Wait for price to close above Tenkan with a bullish candle for re-entry
3) SSA is making a new high
4) Chikou span > kumo (indicates mid to...
Market phases - Price Action
The market can only go in three directions:
With high / low defined, we can use several charts to identify these market phases and start a simple search for our Swing Highs and Swing
• the market rises when price makes higher highs and higher lows.
• the market goes down when the price makes...
Nikkei is currently correcting the bullish advance from its August low, bulls will be looking for bullish reversal patterns at the current C wave equality objective just ahead of 29000, demand here would then set the platform for a minimum 5th wave objective of 31789. A failure to defend 28265 would warn of a more significant topping pattern opening a move to test 24180
It was bold to try to short the japan 225 as it has pushed up and up over the last few weeks, but we had a high probability 4h t-structure so I took the trade. This is why it is always important to monitor your positions and hedge accordingly!
Always Fell free to message me...
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JP225 is sitting around a strong round number 30k so we will be looking for sell setups on lower timeframes.
on M30: JP225 formed like a double top pattern but it is not ready to go yet. We want the sellers to take over by breaking below the last low.
Trigger => Waiting...
After a major bull run, we can see a death cross forming.
What is a death cross?
The death cross is a chart pattern that indicates the transition from a bull market to a bear market. This technical indicator occurs when a security’s short-term moving average (e.g., 50-day) crosses from above to below a long-term moving average (e.g., 200-day).
The indicator gets...
after we breaks our structure still bearish trend not verified hence we are anticipating to see price back to our key level and we wanna react accordingly to what price tell us but obvious bearish bias on our mind PROBABILITY ,POSSIBILITY VERSE VERSA