AM.98

AM.98

Hello everyone, if you like the idea, do not forget to support with a like and follow. Oil is consolidating on 57$ to 61$ region for the last days, not much is happening but opportunity's are everywhere. First of all what is consolidation ? Consolidation is generally market indecisiveness, which ends when the asset's price moves above or below the trading...

AM.98

Hello everyone, if you like the idea, you can support with a like and a follow. Gold made a beautiful double bottom reversal pattern before it closes on Friday. Also we are seeing a nice W pattern that formed with a target of 1815$ (our short term target). But we are seeing that the green trend line is holding us on a down trend for a while now, so it's...

AM.98

Hello everyone, if you like the idea, you can support with a like and follow. Here we have a strong possibility of a cypher patter forming but careful the uptrend is strong. We just broke out of a peanut with a pretty high target 2500$ that invalidates the trade theoretically. This trade is good for experience traders that they use stop losses and want good R/R...

AM.98 Updated 

Hello everyone, if you like the idea, do not forget to support with a like and follow. In the chart we are seeing an inverse H&S forming, we just need the confirmation of the right shoulder that will come if the 0.618 holds (it is possible to see price wicks to the o.786 region. Dont forget to put a stop loss nothing is certain in the market protect...

AM.98 Updated 

I am talking about the purple box, so we have the two blue lines that are the targets of the Ms above, we have the 0.5 to 0.618 fib ratio region, the 200MA with a strong support (1650) and the yellow trend line. It is safe to say that we have a long setup there laddering the orders on the purple area and placing the stop loss below the 1590 support. Indicators...

AM.98 Updated 

Hello everyone, if you like the idea, do not forget to support with a like and follow. Simple plan by just waiting a break of either trend lines (red or yellow). You can see that we are on this type of looping a long time now a break of the trend line that is holding us down (yellow) and then we make a new high. If we see a break of the the important trend line...

AM.98

Hello everyone, if you like the idea, do not forget to support with a like and follow. Placing orders on the 0.618 region with SL below 0.786. For targets i am looking the 0.382 and 0.236 levels. Also i believe if we bounce from this levels we will confirm the dotted line that will be the lower trend line of a peanut. Thank you for reading my post, have a...

AM.98 Updated 

Hello everyone, if you like the idea, do not forget to support with a like and follow. First of all what is consolidation ? Consolidation is generally interpreted as market indecisiveness, which ends when the asset's price moves above or below the trading pattern. A consolidation pattern could be broken for several reasons, such as the release of materially...

AM.98 Updated 

Hello everyone, if you like the idea, do not forget to support with a like and follow. A simple plan to trade this channel will be by just following these two rules. A break and a candle close of the resistance trend line will lead us to the upside target. A break and a candle close of the support trend line will lead us to the downside target. Wide placement...

AM.98 Updated 

Hello everyone, if you like the idea, do not forget to support with a like and follow. Finally gold shows sings that the big downtrend channel might be coming to an end. Successful break out of the channel is the 1443 price point, we have to see a solid big candle closure above it, that will lead us to the target of 1883. Remember we are close to a strong...

AM.98

Hello everyone, if you like the idea, do not forget to support with a like and follow. Oil price broke the lower trend line of the ascending channel, for the moment i am looking for a retest of the broken trend line as we found support at 59$ and the indicators showing strength to the upside. As market moves i will updating this post stay tuned. Thank you...

AM.98

Hello everyone, if you like the idea, do not forget to support with a like and follow. With a double top and this M forming in the bigger timeframes if you are long better get your stops closer. Also we have 2 reversal candles on the Daily with topped out indicators. Thank you for reading my post, have a great day, wish you all the best ! Information provided...

AM.98

Hello everyone, if you like the idea, do not forget to support with a like and follow. We are inside a descending channel currently hitting the bottom of the channel and hitting the 0.618 fib level by drawing the fib retracement from the 1676 to 1740 so we can expect a bounce here. Thank you for reading my post, have a great day, wish you all the best...

AM.98

Thought that someone will find useful or want to compares his/hers supports and resistances and instruments with someone else's. Also they are pretty accurate you can check them by yourself. Thank you for reading my post, have a great day, wish you all the best ! Information provided is only educational and should not be used to take action in the market. Feel...

AM.98 Updated 

Lower high dosent sound like a good idea to long but lets try you only need a good stop loss position ;) On the blue arrow you see a nice M forming so i think its safe to tell if you are on a long position be extra cautious. In the chart i have my fib setup drawn from the bottom( 1441) of the leg to its top (1880). The pink box is where i will place my orders...

AM.98 Updated 

I expected a rejection on 1880 resistance and also in this level exactly is the 0.786 fib level if we draw fibs from the ATH to the lowest that price came from the last drop (1291) BUT ETH decided to take a nap today and we are stack here going sideways. The reason to be on alert and not make any stupid trades here is that we are close to heavy resistance and...

AM.98 Updated 

As you can see i just drawn a channel that you can long on the touches of the bottom line (green cycle) and you can short on top line like the (red cycle) 2 Indicators MA200 &EMA 13 for your supports and resistances. 2 targets depending in which way the channel will break. Yes this a pretty basic and simple setup and this is the point of the post.With all this...

AM.98 Updated 

Clear W short formed type spotted on the 12H. First Target 1880 USD Second Traget 2040 USD By drawing fibs from the last top 2043 to 1294 (coinbase prices) we can see that we are currently at 0.5 (1668) the break point of the W If we break we can expect the price to touch the above targets if we break 0.5 (1668) we can expect to see some resistance and...