The trend is long on the Weekly with a valid Daily countertrend. H4 waves are long, and from the Daily IMP, price may speed up in the direction of the primary long trend. Below the H4 IMP, Daily and H4 trend becomes bearish, and the price may decline to the correction fido 38.2
The trend is long on the higher time frames, and H4 started to align, however, the price is in the accumulation phase. The rise may speed up above the long trigger levels, reaching the H4 resistance and the target fido 138.2-161.8 zone. The idea is valid until the price significantly breaks below the H4 and the Daily IMP (start of impulse).
The trend is long from the Weekly to the H4, so I’m expecting the price to reach the target zone marked by the H4 target fibo levels and the Daily high that is close to the fibo 161.8. Long impulse starts above the latest H4 South Breakout (LONG TRIGGER). The idea is valid until the price significantly breaks breaks below the H4 IMP (start of impulse)
GJ is heading towards the weekly south breakout zone that is in line with the H4 138.2 fibo target. A trade from the trigger zone to the targets. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Remember that...
The market made a nice impulse up on the daily, and the correction of this long impulse brought the market into a range. A break from this range may take the price higher into correction or deeper in the direction of the primary trend, but I would take profit on the short trades at the start of the daily corrective impulse, and wait for a countertrend to target...
Key is that a strong impulse move hit the massive zone (weekly local high). This usually ends up in either slowing down, some correction and after beating that massive zone, going on with the impulse, or a nice correction. Zones show places where a short position may be initiated. Trade safe! ⚪️⚫️...
After a nice impulse up on the weekly and the daily, buyers were taking back important zones from the sellers. What we see now is the correction of this impulse. So, long is impulse, short is correction. Now, price has been crawling up on H4 making a 3rd trend, a correction of the correction. This may end after sellers bang the last start of impulse (SOI) on...
Price fell in the beginning of November and a correction of this impulse and a nice impulse followed. Now price made a 1-2-3 on the H4 an a correction MOVE has been formed on H4 and the daily. Shorting the market for me is only possible below the last daily local low, and since the primary trend is short, I'm waiting for a countertrend to form. From that...
I'm eager to see your comments. Do you agree? Anything I see wrong in your opinion? Thanks! :) Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Remember that trading is a business. SIZE your TRADES according to...
DAX has been heavily overbought recently, bumped into a significant zone with a steep impulse move on the daily and the weekly. Such a quick move up should be, sooner or later, followed by a correction. On the close below the last north impulse on H4, marked as short trigger, the correction sets in. Afterwards, the daily north breakouts below act as targets of...
Price has broken the upper line of the regression channel making it look severely overbought. It can be more overbought, of course, but since price has run into this level with a steep impulse, long positions may be dumped because of the nice profit. This may lead to a correction. Change of trend on lower timeframes might give a hint to go short. For long...
Short triggers are visible on H4 and H1 (the inner one is on M15), short term targets are H1 target fibo levels. Idea is valid while the chart is printing below the brown zone. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE...
After yesterday's FED contribution, price has finished a 1-2-3 wave right into the previous south breakout on the daily, meaning the correction may end here, and price can first make a correction of the correction, then long trend may resume and in this case, further target zones become valid. Trade safe! ⚪️⚫️...
Idea is valid until the brown validity zone is taken back by the buyers, triggering the red zone even on M15 means short sign, target is H1 target fibo 200. Careful though, market has fallen a lot, so correction may start any time. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about...
Sometimes it's worth to look at the weekly, even the monthly chart. Especially for day traders. On the major of the majors, the recent move (starting from June 2021) is an impulse on the monthly, that happened to bump into the monthly target fibo 138.2 and almost a very decent monthly breakout from 2002. RSI on seems to be heavily oversold on both TFs. Sooner...
Short trend, nice countertrend, two nice trigger candles... go short. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Remember that trading is a business. SIZE your TRADES according to your risk...
After triggering the primary short trend, there is no stop until 12.000 where there is a weekly north breakout zone. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Remember that trading is a business. SIZE your...
Basically, this market is a no trade for a long time, I guess... definitely between the long and short trigger zones. A lot of stop before the impulse of the primary may begin. I see no opportunity right now, I just publish it because some of you asked for it. Trade safe! ⚪️⚫️...