Hey everyone, we are currently moving in a downtrending channel on the bigger timeframe, but on the smaller timefram we are in triangle, which usually means that the trend is going to continue downwards. We have to look out for the 2 pink circles and make our move from there, the market is really uncertain, so going right now without indication is a complete...
Hello everyone, as we see we are currently moving inside a channel. We had a big drop today of the market, we are in bearmarket, so if we trade with the trend (down), then we have a higher chance for success! We should be expecting a drop atleast untill 28.5$ - 28$ . Like and follow for more ideas and leave your thoughts bellow!
Hello everyone, as we see we just broke out of the retracement, so we have formed a flag that we broke out of. Expect another drop, keep your stoploss tight though! Fundamentals point out to another another fall as the oilwar continues!
We haven't seen such a big drop in 1991. This let alone is a big reason to think that the price should in fact make atleast some retracement back. The RSI is at 5-10 on the 1h to daily, so this means we are absolutely oversold. You could play it safe and take profits at 33$. Good luck to everyone, trade with tight stoploss, as OIL is really volatile and it could...
As we can see, we just broke out of the channel, so we are expecting a pullback with the size of the channel. Have stoploss near the entrance of the channel. Good luck to everyone!
As you guys can see, we have formed ascending triangle, which means that most likely it will brake on the upside. You can take longs now and put my stop lost or wait for the price to go to the bottom of the triangle and get a more leveraged position for long. If you like my idea follow, like and comment!
Hello everyone, as we can see our last 2 major financial crysis were 3 and 2 years, and each of them we had a drop of around 50%. This virus started the crysis and even if people say that the virus is not as serious as the media makes it out to be, people's perception of the virus is that the virus is really serious, so this is why the panic could be hard to be...
We should see a drop in gold to the bottom of the channel tomorrow, as we can see we have good divergence and also we are at the top of the channel. Like and follow for more ideas, good luck to everyone!
Microsoft is at the bottom of the channel and looks like a great place for long position.
As we know Apple is Apple, solid company which is brought down by the corona virus, so that is a great discount for long term "Long position".
As we can see on the daily chart, we have big divergence, we had a big rise that needs a retracement, so we expect going back to the support of the channel and possible break of the channel.
We are almost at the support that bounced the price 2 times already. We could expect a potential rise.
As we can see, our chart is crazy going up, so we are expecting to fall really soon. We are in a great position to sell.
As we can see we have hit the upper part of the triangle and we also have small divergence on 4h to weekly charts, so we are expecting a drop. We also need correction from the 200pips gain, which is unreasonable!
We will break out of the triangle on weekly and channel on daily, then retest the bottom and then head for the big drop to the low of the weekly triangle!
As we can see we have divergence and also we need to test resistance before droping lower.
Hey guys, as we can see we have a divergence on the chart, paired with big drop from the top, so all of those things signal a drop.