This is an example of my day trading techniques that i recently applied to long term charts since i noticed they worked a lot with indexes and large capitalization stocks. Red is sell zone and grey is comfort zone, next reversal area at 175, after that 200...but i'll relate to 175 since 200 technically hard to believe...yet. From this point of view, a lot of...
just something i keep in mind, looking to buy TSLA around green box after
I am learning please tell me if i am doing this right...
Just another experimental study. My rules for now is to spot cycles form bottoms
Why does it have to be either a downtrend or uptrend? - There is no mean reversion nor volume pikes indicating solid bottom for new uptrend), unless some kind of miracle solution steps in i don't see new highs. - Even if markets are topping, I reckon this is more of a confused / mixed kind of market, there is as much as bullish than bearish signs.This is going...
Since my last analysis on metals some of the recent movements disturbed me because of today's session. There was no continuation on the hanging man candle formation last week, supposing a bullish sign and triggering my buy order in addition to my previous analysis. I decided to experiment this triangle formation i saw on the chat earlier. I don't know if i am...
yellow area reached, now maybe a little pullback, looking for fib levels
Short term long Rebound daily on 61% fibo, candlestick formation is bullish.
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Since i rely mainly but not exclusively on Fibonacci analysis, 160 ish price break (retracement from 2008 highs) made me reconsider next level, that is 187$. Cycles, boxes and symmetry seems doing the job here. I am looking for a pullback around 158-159 (trendline from 2000 and 2008 highs), and mean reverion on MA34. I am mixed on this sentiment of a pullback to...