dmitry089234

dmitry089234

Yesterday I had several SLs, but after recent analysis, I think we've already passed phase C, no need to sell anymore.

dmitry089234

Accumulation or Distribution? What do you see there? I think we are developing a phase C now, but what event should we expect? Up thrust or Spring?

dmitry089234

Yesterday I was waiting for a bullish momentum, but they failed to pass the 1.004 resistance level. Then we had a series of bullish failures (look at the result and volume). And now we are developing another LPSY event, which confirms the sell signal.

dmitry089234

Current trading range looks like an accumulation, but the buyer is weak. We still have higher highs and inactivity of sellers, let's wait for a US session.

dmitry089234

The current trading range doesn't look like a redistribution, at least for me. I expect to see a down move, but probably the bears are already exhausted, or no?

dmitry089234

There is nothing special in this forecast, Bulls go up with no volume. It's difficult to forecast anything, because of today's Nonfarm Payrolls (Aug). I've added a few resistance levels to the chart, let's wait.

dmitry089234 Updated 

The Friday's bearish bar shows us that the institutions are selling at this moment. I'll keep opened my short orders all this week.

dmitry089234

Probably it's a bit early to say about bearish rally, but we have already have some signs of weakness. I'll update this chart soon. Check my Gold D1 & H1 ideas, I'll share some interesting points.

dmitry089234 Updated 

I don't like last 4 bars, the volume and result show us the weakness. Shadows or wicks tell us about the presence of supply. Probably, we are going to test the resistance level first. By looking at the demand volume, I have some doubts that we can overcome the level. That's why, most likely, we might have a correction phase.

dmitry089234 Updated 

I consider current trading range as an accumulation, since we already have a possible phase C with a Spring event and, even more, we've done a commit above the resistance. Now we can expect a test of demand near the previous resistance level, which has become a support level. If we'd do it, so we can expect a further up movement. Let's wait for the next three candles.

dmitry089234

Bears have put a lot of efforts last week, but what's the result? -0,38%? Poor quality volume tells us about the inactivity of CO at the moment, so 'weak hands' have the opportunity to push the price. If we switch time frame to m15, we can see small trading range that can be an accumulation or redistribution as well. So, let's just wait for a phase C. Can we go...

dmitry089234 Updated 

Just a quick update to my previous forecast. The the logic and structure, I expect to see a new retest of the level @127.

dmitry089234

It's a bit early to declare that, but I see some kind of weakness in buyers behavior. If you compare this chart with Gold, you'll see the same inability overcome the previous High(875clp in our case). I'll wait for a confirmation, we have to come back to the blue trading range. The channel marked with green color also could be helpful, so we can be in a phase...

dmitry089234 Updated 

At this moment it looks like Accumulation model. The Spring event, of course, is minor sign of weakness, but we have already had a confirmation from buyers. I meant higher lows, higher spread, higher volume. So, let's wait for a small(I hope) correction and open a buy orders.

dmitry089234 Updated 

I started to analyze this chart recently, by drawing trading range 1-1 and here is how it develops. TR 1-1. Looks like a continuation of bullish trend, but there some signs of weakness, like m.SOW and inability to go higher 131+. TR 2-2. Well this trading range also shows some weakness generated by FOMC statement and recent Up Thrust action. I expect to see a...

dmitry089234 Updated 

Two trading ranges. Both could be an accumulation patterns. TR 1-1. Well, Phase C can be either in an UpThrust or LPS actions. We just need to be patience and see how this trading range develops. TR 2-2. This one also looks bullish, it has a Spring action + test. So we can expect a bullish impulse to complete the pattern. So far we don't have any signs of...

dmitry089234 Updated 

I still watching the development of this trading range. After the phase A we've seen a minor sign of weakness, but after that the continuation of the rally. I didn't buy because I see some bull's weakness and today we have a confirmation. Next week I expect to see a new test of the support level. And if we can even go lower, I will sell more after the test. By...

dmitry089234 Updated 

In my point of view, we are in a redistribution trading range. But I need to see some kind of confirmation, like major sign of weakness. Probably we'll have some reaction at local POC level, so let's wait for the European session. Have a great trading week.