After the Bull launched an assault at multi year high, stretching all the way to Feb 17, price has been consolidating in a triangle. Those into volume profile analysis would have notice that POC is at the lower end of VA. And value added at the top is getting lesser. With bollinger band at it tightest since the consolidation 7 days ago and price reaching the apex...
Since hitting the peak in Oct 19, price has been making a series of LH/LL. Will be looking to join the Bear at the proximal line which coincide with Dec 19 low. But be prudent in the TP cos I see downside might be limited cos we are near a wide weekly DZ. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not...
After clearing Nov 2019 low, price struggle to hold below. This is evidence by the 2 strong D1 Bullish close every time it hit below the structure low. And in the weekly, we can see there isn't a weekly close below. With all this evidence, I'm inclined to believe that market is gearing for a strong Bullish move to the indicated target. Will be looking for a...
Price is near multi months low and 2020 low. Is this time for a reversal? Certainly, the possibility is high. Will be looking for evidence of that, in the form of a fake out/rejection of structure low, double bottom etc DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not...
After hitting a low on late Nov 2019, price has make a series of higher high/higher low. But the recent magnitude of high made seem smaller while the magnitude of the pull back seem deeper. Is this a sign of weakness? I will be looking at the designated zone for some weakness to go SHORT targeting Nov low. DISCLAIMER: Any opinions, analyses discussed in this...
After a strong Bullish move stretching all the way back to Oct 2019, the Iran crisis was the perfect time for the Bulls to unwind their Long position. Price has since came off lower than pre crisis level. The magnitude of this down move is also an indication that Bears have finally wrest control from the Bulls. I will be looking to sell the pull back for Bearish...
The second half of Dec 2019 see some Bearish move attacking prev month low. But price erased almost all of the losses in the first week of 2020. Price reacted to a D1 SZ and have since move lower. Will be looking out for some Bullish evidence to go LONG for an inverse H&S trade. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my...
The last month of 2019 see a strong Monthly Bearish close. I view the recent Bullish move as just a correction. Will be looking to go SHORT at the highlighted area. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability for any loss or damage, including...
After forming a Double Top, price broke through the neckline decisively. Will be looking for price action at the indicated level for a 2618 trade. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability for any loss or damage, including without limitation to,...
The start of the year sees a rejection of 2019 HIGH with a D1 Bearish Engulf. Are we seeing a reversal of trend? Doubt so. Only a violation of structure low 20th Dec do I see Bears in control IMO. But there's still some decent pips to be earn going SHORT. I would like to see some reaction to the D1 proximal line to go SHORT to the indicated target level. Do note...
Since hitting the yearly low in Sep 2019, price has been making a series of HH/HL. So far, the magnitude of pull back hasn't been very big. Thus, i believe that we are still in a uptrend mode. The highlighted area is where I will be looking at price action to go long. This area coincide with a series of structure to the left and is in the region of Fib 61.8 of...
On the 27th Dec, we see Bulls trying to make a push but didn't really quite succeed. What follows was some consolidation in what looks like a Bullish flag. The Bulls finally make a push on the 3rd Jan and quite succeeded in pushing it to close higher for the day. Could this be a Bullish reversal? Possibly. There was 2 weeks of consolidation which could be...
The second half of Dec 2019 see a strong impulse move down follow by a consolidation. This move actually sees a lower high/lower low form. The recent upward might be halted at the Flip Zone(FZ)/QML, possibly forming a H&S pattern. Will be looking for price action at the indicated level to go SHORT DISCLAIMER: Any opinions, analyses discussed in this presentation...
USDJPY has been on a uptrend for the past 4 months. The first week of Jan 2020 sees a strong impulse move that close below Dec 2019 monthly low. Will be looking to sell at the flip zone indicated DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability for any...
Since 3 months ago, prices has been making higher high/higher low. Still no sign of BEARS yet. The indicated zone looks good for a BUY for Bullish Continuation DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability for any loss or damage, including without...
After a strong bullish start to the week, we see Bull losing steam with the magnitude of new high getting smaller. The first clue that Bear is poise to take control is on Thu with a Bearish H4 impulse move. The rejection of the Thu high on Fri and subsequent Bearish Daily closed confirm that Bear is taking control. Those into volume profile analysis would have...
After a strong bullish run the week before, it ends the weak with an inverted hammer. Showing sign that the Bull might have run outta steam. On Tues, Bear try to exert control but without much success with the weekly candle ended as a doji inside bar. Currently, price are deep into a monthly and weekly SZ. I see a good risk/reward to go SHORT at the highlighted H4...
Price is coming into a H4 SZ, form after an impulse move in the first week of the month. This impulse move also created the high of the month. The last 1 week, we have been witnessing a couple of dump & pump and pump & dump action which looks like smart money are distributing. I am looking for some reaction to the proximal line to go SHORT. DISCLAIMER: Any...