The Snowball Effect is when you accumulate $NOW exponentially due your position size increasing as your equity grows. The tricky part is starting the snowball, and then not letting it explode. So find yourself a mountain 🗻 and build on it!
It has been risk ON lately.
So JPY has been very weak because there was no need for people to put money into this safe currency, but it looks like it is now nearing the end of it's trend. I expect big institutions to start removing their risk as more uncertainty enters into play.
Everyone is trying to short right now, so I expect a second...
there are 17 red candles in a row on the heikin ashi daily chart!!!
It is overdue for a reversal and now is a good time to get in at a good price.
RSI is stagnating from going lower.
We have price reaching the last level of major upward thrust, so there should be a bounce incoming from long liquidity sitting at that area and creating a wall upwards. That is the...
Price has been going up for a bit, but has also been slowing down near the last top formed on the 12th of August.
I want to trade the correction to the downside if it happens. Keep in mind that we are still in a uptrend so if we see some wick rejections to the upside, it would be likely for price to break the level and continue up....
This is a tricky one.
Is it retesting the channel that was broken OR it was manipulating the top to grab liquidity to the downside???
If it's the former, it will continue it's longer term trend to the upside.
If it's the latter, it will continue it's recent rangy behaviour.
Due to the consolidation being after a strong rally,...
Price might break support right below or just go up because of high volatility.
On the daily price is overall to the downside, and just rejected to the downside.
Question of the week
Is the created support zone just to trap longs to grab their stop-loss or is it an accumulation buildup due to high volatility?
In my opinion it's a...
We can see that there was 5 drops of about the same length (1%). They also are occurring quicker in succession.
These drops are forming a tightening pennant that will be broken either way.
My theory is that another 1% move to the downside will form before bouncing to the upside because price will be reaching the level where it last...
I don't trade Gold, but I stumbled on the chart and saw clear patterns.
Here we have imbalance above and below with POC levels for price to reject from.
We just saw a very aggressive rejection upwards from the higher timeframe, then we have been moving slowly to the upside, creating a lower trendline.
I expect the trendline to be broken as the start...
On Friday last week we had a big rebound off of support.
So until we see an invalidation of the uptrend, I will watch for a short entry.
Price looking to fill the imbalance above trendline
An overextension to the upside, breaking the trendline to reach the top POC level before reversing back down aggressively;...
Price looks like it has been accumulating slowly from the trend going down.
It could still be accumulating for longer because we just had a nice rejection to the downside.
I have marked a trade example with an entry that is very early, from the break of the steepest trendline on the hourly chart.
Before entering long, I would like to...
It looks like we formed a pennent on the 15min timeframe and that price is looking to break to the upside.
The V shaped reversale was very clear, so the trend is still to the upside for now.
It is also above the 200 daily EMA
If price does not want to break resistance, then the trade would not trigger.
This is how I see it forming.
We are overextended to the downside so I am looking for an accumulation at the bottom of the range.
When the market makers will end accumulating, it will likely shoot up like a spring to go reach the top of the channel.
The best price action too look for on a smaller timeframe is a slow accumulation down with a clear down trending...
here we accumulated below the previous low and created a beautiful spring to the upside.
I missed it because I don't look at this pair that much.
But here is a 3. 8RR trade example and it could go even higher I would think.
Because the trendline is from a lower level, we could see it breaking up. We could also see it reject that trendline like before and just continue down.
The shorter timeframe price action will give us the right clues as to what it is trying to do next.
But I find it interesting that the same trendline repeats one after the other.
Another theory is that it could...
Simple idea ^^ 1H chart
We are in a range since may and we are looking for price to bounce off the lower level to capitalize on another leg upwards.
The downtrending trendline (in green) is likely to get a little manipulation where it would break the trendline then bounce back up quickly; because it has already been tested 5 times. If this would to happen, it...
Because AUDNZD is very correlated and thus very rangy, I am betting that price will be breaking the support level to grab liquidity to go back up into the range.
Doing so creating will be creating a big range with a very small decline downwards.
I think long term US Dollar Index will be breaking down.
We are in a rising channel and it looks to be distribution because we are slowly rising and we reached and rejected nicely the resistance level. We have also taken out the previous highs.
Price is in a zone and is developing for a new push down to continue it's downtrend or push up respecting this trendline.
I will be looking at a shorter timeframe for indication of where price will want to go next....
this is the 1H ^^
Here is a look at the daily chart trendlines: