About meI am a community pharmacist living in the UK. Married with 2 children. I love sci-fi and music
I like to keep things simple. For me the simpler the chart the better. I generally trade the 4h upwards timeframes.
...but price needs to co-operate. Comments on the chart. Price breaking the lower bounding white line without taking out the 2015 high is needed for this idea to remain in play.
There is bearish divergence,
Stochastic turned down
Bunched up MAs means an explosive price action is on the way
Comments on the chart. As I said on the chart the invalivation point is price breaking the upper boundary of the structure. Another thing is the stochastic is turning up from the lows which could be immediately bullish. I am going to play this one as a short from higher up if I can get it
Comments on the chart. There are a lot of fundamental variables thatt could come into play - crude oil price, Trump etc
By the way the monthly chart looks like price is in a massive c wave down in an abc retracement so the whole move down from 1.37xx area is this c wave. We'll see what price does