Rosenthal

Rosenthal

Still up

Rosenthal

Changed the tunnel angel from previous published idea. Might be a good long opportunity. Stop right under the rising bottom of the tunnel. Limit - at the top of it.

Rosenthal Updated 

Uprising tunnel might also play a significant role.

Rosenthal Updated 

A close above this tunnel, meaning any green candle, and we're going up. We might be testing upper side of the tunnel from outside, this time as a support, and than go up.

Rosenthal

I believe it will.

Rosenthal

3 support levels combined: Fib. 0.618 (900-20,000), tunnel and green line. Seems like the H&S pattern is not complete and therefore yesterday may be a very nice bullish trap. As for me, I bought at 8,440$ yesterday with first TP ~15,000 and SL right under the uprising green trend line, now ~5,500$.

Rosenthal

To ~8K

Rosenthal

If breaks -> 5,000

Rosenthal

Fibonacci Retracement drawn from last months lowest low to highest high is playing a nice roll here. 50% level showed a very nice support level at Dec. 22nd bar, but is now being challenged again. A closing below this level (10,411) and we are on our way to 61.8% (8,168) level. I will buy a bit above this level. Pay also attention to 78.6% level (4,974) which was...

Rosenthal

Next stop: ~3,000$

Rosenthal

Resistance green line might be support now. If it breaks, we're going down.

Rosenthal

Going down again to 1,350-1,500.

Rosenthal

Head and Shoulders + tunnel = Short (if green line breaks)

Rosenthal

Was talking about it here . For short opportunity (not for me. I never go against the trend, but that's me) you can place the stop above the red horizontal line. Your limit should be placed a little bit above the green horizontal line (~1,250-1,350). If you prefer a shorter trade, place your limit a bit above the green trending line (now at ~2,150). I will be...

Rosenthal

Unless right shoulder tops left one we can witness an Adam & Eve pattern, and you know what it means: higher the head, deeper we fall.

Rosenthal

We are approaching May 26th low, which is lower side of the tunnel as well. One must test this area carefully, as the support area can collapse and then we will witness testings of 1,800 and then 1,600 levels. Another interesting scenario, still early to know but an eye better be kept open, is a possible Head And Shoulders pattern, which highest high as the head...

Rosenthal Updated 

Even though it seems that yesterday's rally broke every resistance area on it's way to a new all time record, do note that yesterday's daily bar closing rate was kept INSIDE the tunnel. Meaning: Possible bullish trap. A reasonable trade will be SHORT with stop loss above yesterday's high and a limit at bottom of the tunnel. minimum risk, maximum profit...

Rosenthal Updated 

Unless R1's all-times-high is broken, a short term bearish correction towards S1 (0.5 Fib and bottom of tunnel) is preferred. If broken, S2 (0.618 Fib and May's resistance/support) and S3 (0.786 Fib and March's resistance) are also optional. PS: Got confused with the R's and S's in the chart. Sorry for that.