The price hit a third touch on the down trending trendline in the weekly timeframe, giving probabilities of the price falling, we will be patient to see what the market does and if it fails to break the resistance and go down, then we will look for selling opportunities
Waiting for the market to give us an opportunity for an entry, if the market cross and retest the horizontal resistance turning it into a support, then we will look for buy entries until that next resistance. But if the market fails to break the horizontal resistance and cross and retest our horizontal support, turning it into a resistance then that will be a...
Sell setup complete, reversal pattern created on the horizontal support, we are now looking for buying opportunities. Cross and retest of the horizontal resistance will give us our buy entry.
Monitoring to see if the price will complete the inverse head and shoulders. The cross and retest of the horizontal resistance will complete the head and shoulders, giving us clear buying signals. I am anticipating that the market will buy until it makes a third touch on the downward resistance trendline, also hitting the horizontal resistance, which we will look...
Anticipating price will break the horizontal support turning into a resistance, opening selling opportunities. ONLY ENTER THE SELLS AFTER RETEST. If the price fail to break the horizontal support, then we will continue to look for buying opportunities.
Anticipation of how the market would react, if the market breaks our horizontal resistance we will look for buying opportunities and if the market comes back and breaks our up trending channel, giving us a signal of a trend change we will wait for a retest on the horizontal support that will turn into resistance to confirm that an uptrend has ended and we will now...
