OILUSD chart broke the red support line we were curious about. While it breaks the trend line, may making Head and shoulder pattern. @89.0 support line may got the neckline of the H&Sh pattern. I am planning to make risk entry @92.8 for short position, which will be may pullback on broken trend line.
Nas100 chart still making lower high after break the bold red trendline. Now chart pattern making pullback on neckline of the double top, potentially goes to @12900.
As you know, we planned to open short position when trend line breaks. Still waiting for confirmation for it. Now, the trend line got strong support, so we will wait for bearish pattern on 15M timeframe, after chart breaks the trend line. Target is 152.0
The chart reached the up line of of the bold blue channel while making the bearish pattern in it. Now waiting for reaction on red trend line, (A) if the market structure bounces on that trend line, chart may make the douple top on the up line of the bold blue channel (around 94.0), It will be good risk and reward to open short position. (B) if the market breaks...
The candle may make bullish pattern. Third touch of the pattern may cross on the support line which is coincide on fibo 61.8. Planning to make risk entry around 4391.0 and probably will scale in around 4459.0 if candle pullback on broken bullish pattern.
