Looks to me that actually ZWE never had a trend cycle completed (5 waves) on the WT. My question is on what wave do you guys think we are just now.
I am long on this one for some time, but maybe time to dump it in order to take advantage of the momentum reversing? Any opinion is welcomed.
BTC on its 3rd wave on Weekly.
The market is on a Bullish trend weekly. For MTF lower frame Daily the DTosc is overbought and is not a good time to buy. Short it but with care.
Genneraly speaking BTC will go straight up for weeks now with ups and downs on daily normally. Be aware of momentum and the way you apply it.
Attention to this, it will still most probably retract( on a 4), we are in my opinion on a very extended 3. Short maybe for gents that like more risk, I personally miss this opportunity to ride the 3rd and I will not trade till a change in trend. We are very bearish so far.
A lot of people will call me a nut, well i based this short buy on the idea that DeMark teaches that once a level one trend line is broken is expected that the drop in price will follow, etc.
Well, i shorted as explained in the text I placed on the graphic. I am going to watch carefully my stops and let's see if Fortuna smile on me.
Price flip after confirmed 9 sell set up. I did go short
RSI overbought ( ppl will start soon to take profit and sell)
REI was strong as well moved sharply to week ( under 45) will go down will keep an eye on stops and profit but I am on 4 hours and i do believe that we will see another 8 red candles.
So as you can see i shorted. GL ppl
I am invested in this and i regret saying it but i see blue times for LABS.
1. See the pattern od H&S it is early to say but if the right shoulder goes to about 6.20 and flips the price for a countdown ( Tom DeMark indicators) as well as break support we will probably see prices in the range of 3 something as i draw the blue line. i made the dumbest mistake to...
Some of us hoped for a re-bouncing, I, unfortunately, am a loser on this one apparently, anyhow I hope that is forming a head and shoulder and not going down like a stone. Based on TDSD the next support is in the range of 3.75, which is steep but can happen in the next 2 or 3 months. It also believed in certain circles that the Canadian Feds will miss the approval...
That is why I agree, look at the 4 hour chart, TD is on 8 confirmed candle, if open Monday with 9 confirmed bearish then is a clear conformation of bearish trend. ALMA is on top of the candles that is also a confirmation of a change in trend. Aroon, is indecisive, but RSI confirm it as well. I do belive we will see lower lows and a bearish period only good for...