I see overall direction as up after price violated the downtrend for the first time in a very long time. Today's price
action was creating structure high. At the moment as you can see price is at resistance and when we have an
uptrend we buy at HL. This is an opportunity for counter trend traders to take shorts confirmation on lower timeframes
We have a trend to the downside with a pullback and a continuation indicating bearish pressure and sentiment. Price is
currently in an exhaustion phase back to key level. I will wait for trading opportunity to surface around the 50% fib level as
it has been tested before.
NB: Use your analysis to confirm the setup.
As you can see on the chart we have a dominant downtrend. At the moment price currently pushing to the upside. I want to see price
respecting the red dash horizontal trend line zone once again. This will complete a double top continuation pattern. Wait for evidence of
exhaustion when price get to that zone and look for confirmations.
Here is my view on ETHUSD Long Term Plan. As you can see on my chart a clear Break and Retest Structure with a momentum going up indicating momentum to the upside. I will be looking for buy opportunity only.
BTCUSD bulls are still in total control over sellers, as you can see on my weekly chart price is still in the '' continuation phase'' it is not advisable to sell BTCUSD now rather take advantage of the small pullbacks on lower timeframe to ride with the current trend.
Here is my view on SPX500USD.
Price is currently on a push phase, we do not buy when the market is going up but we wait for price to exhaust so that we can continue trading with the trend when it starts to continue in the push phase.
Here is my view on Nasdaq100.
Market is creating a structure that is pushing to the upside. After a breakout, what i'm looking for the market to do is exhaust and come back to key level or exhaust to form a new high low.
Here is my view on LTCUSD. A trend to the upside with a pullback and a continuation indicating bullish pressure. Now i can say we have a plan. Now i want to see price exhaust back into the value (key level) before continuation.
Here is my view on ETHUSD.
Price is still trading inside the box range. I will examine how price act at 4hr support range and wait for opportunities to surface.
However, a good buy is after resistance break which is my plan b.