domsito

domsito

Ok, the blue trendline that's been holding since March 13th is finally broken. We see it broke after smaller rising wedge has been formed. I expect the price to retreat all the way back to 3990, which is 38.2% fib retracement level from the move that started on March 13th, when the trend line started, but still above the 200MA. Stop loss: 4208 Take profit:...

domsito

I trade supply & demand strategy combined with fib. retracements levels and trend lines. I don't use any indicators, only price action. Blue support trend line was holding up since March 13th. But nothing lasts forever and now it's ready to be broken. Supply zone created on Feb 16th has been proven as resistance this month and rejected the price 2 times already,...