Uploading to see how price action acts in these areas.
Currently thinking long, reject off long term trend line. (red box)
Then make Lower lows into the 3 levels below before blasting through long term trend line and making HHs.
Dates specified are CBOE (19/9) and CME expiration + Quarterly futures (28/9).
I am a scalper, I trade the moves. I don't care which...
Potential bear divergence forming.
Posting this now to revisit in approx.48 hours.
The problem here is such a bear div leads to a lower low....
So if this does get confirmed.... oh boy oh boy....
If we continue upwards, let's hope that the fisher also makes a HH.
Right now, I am calling a short. No opened positions until i get better confirmation. LOTS of...
ASX topping out, creating multiple bear divergences within a large, multi year bear flag.
Orange line = height of ASX pre gfc.
Red line = pre recession support
Blue lines = first lot of targets.
Along with the housing bubble, potential future issues with loan repayments (i.e. those who took out interest only loans), along with the flat cash rate and wages not...
Probably should've published this when i first charted it to show how well this has been working.
Aw well, let us see how it plays out. I am bearish on BTC at the moment... Let us wait and see what tomorrows daily candle does.
Missed the bounce to cut my short and ride the quick pump... glad I didn't execute though because the rebound was smaller than expected. Still shorting BTC. Added support points I feel BTC may rally at.
As always, this is not advice. I am sharing my thoughts. I am new, novice, don't listen to me.
I am not a professional trader by any means. I am a complete novice and learning TA on my own.
The being said, I am not a financial advisor nor is this advice in any way, shape or form.
So, heres the chart I did when I was looking at BCH approx 9-10 hours ago.
Initially, my support trend line was two bars to the left (where the doji is) but then it broke and I...
I am not a professional trader by any means. I am a complete novice and learning TA on my own.
The being said, I am not a financial advisor nor is this advice in any way, shape or form.
I charted this approx 12 hours ago (12pm AEST 11/11/17). My thoughts were with all the current FUD circulating and BTC needing a correction, it will be big.
So I charted 2 fibs,...
