koolmus

koolmus Updated 

I like to see a configuration where things combine perfetly. The combination of: (1) Head and shoulders inverted pattern after descent, (2) breaking an upward downward trend line, (3) approaching a weekly rising trend line, (4) The size of the head and shoulders pattern can certainly rise up to the descending weekly trend line, (5) And the size of the pattern...

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It's much simpler than it looks... 1. The ascending channel (left) has broken downward. 2. The price went back up in an ascending channel, and tested the breakout. 3. A sharp downward breakout, with an Engulfing candle, creating a descending channel. The target according to this candle is at 88.923 4. Another Engulfing candle, rising this time from the bottom of...

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Well, so no one around is a prophet, right? And just because something repeats itself - doesn't mean it will happen again, right? That's why it's very important before entering - to check all the conditions that the trade can indeed go through, and to properly manage risks. It's just an idea... And another important thing: according to the behavior of the...

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The price moves within an ascending channel (the broader picture, daily or weekly). Currently the following conditions have been created: 1. Reached the top of the (weekly) channel, encountered weekly resistance and went down from there. 2. An ascending channel has been breached downwards (left red arrow at weekly resistance), and the breach has been checked...

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1. A descending daily channel is broken by an ascending daily channel. 2. I drew the price movement according to the price action rules inside the chart. 3. While it is certainly possible for the price to drop , and there are many reasons for this, the overall movement currently appears to be on the rise. 4. In addition, if we learn from the past - we can also...

koolmus Updated 

1. As you can see - a very beautiful pattern with a clear neckline and solid resistance. 2. The descending weekly trend line is overhead, this further supports the possibility of a decline. 3. The rising weekly trend line is in the range that the size of the pattern can reach. 4. When DXY corrects down to its trend line (or so I believe) - this will give the pound...

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Very important: the conditions must match in each cycle again and again for entry. Not a "blind" entry because the chart shows so, it's just a plan(!). For me - until the chart proves otherwise, this is the plan for today. Totally pretentious (first time I plan this way in advance), but I'm not "caught" on my assumptions. The state of the DXY, the daily averages...

koolmus

1. After a long ascent without correction 2. Absolutely beautiful and classic pattern, which arrived just in time. 3. At the top of the pattern - an Engulfing candle with high volume and on a daily resistance line. The target of the pattern is indeed lower than where I marked, but I marked at least the nearest support, which is both the 38 Fibonacci retracement,...

koolmus

After two "legs" on an important daily level and a bounce up, build a channel that goes up nicely. Now all that remains to go up, is to go down to a deep correction (probably a liquidity trap...) and from there - up. 1. At the same time, you should pay attention if the DXY will continue to obey the 200 average above its head and go down (made a nice doji on the...

koolmus Updated 

reached a significant bottom from the daily chart. Here it turns out that an up-down game will begin. The consolidation can break up towards the descending trend line. From there - either a drop to a second leg or a breakout to the next trend line (which is also a 200 moving average). Second option, breaking down to the second leg (and from there.. we'll see).

koolmus Updated 

Although the general trend of the Japanese yen dollar is an increase, it seems to be in a suitable position for a correction. Inside a descending canal (which, apparently, if it does move down inside it - will provide several entry options). I think it will probably end the day as a hammer, but first it will go down to support. Two options of support: One - the...

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If (I repeat, IF) it goes down again, it can produce head and shoulders again. It should go down with low volume, maintain the trend line area, and create an upward reversal pattern there. I opened the chart in a two-hour format because it's easier to see, but you can also see it in an hourly chart.

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Reaches a trend line, rises nicely from there. The range is from the neck to the head (marked)

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And you have a nice triangle... If it breaks through - the target is 2050 or so If it breaks below - the target is 2020 or so I am Long from 2034 Good luck to everyone!

koolmus Updated 

Since the deal from this morning came to fruition quickly (too much?..) I believe that the canal lines will be preserved, especially since it stopped at a strategic place. It seems that an upward correction is expected, check the 200 average from the bottom (if further down the road is expected for gold - I don't know), and other averages that he quickly moved...

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Normally I would say in a head and shoulders pattern that it might be worth waiting for a liquidity trap in the right shoulder area and then shorting, but it seems that in gold the right shoulder is usually lower and it starts to move. The solid trend lines - the outer limits of the daily price movement. The dashed trend lines - internal trend lines that all...

koolmus

Although the buyers are pushing hard around 179.8, the weekly chart shows that there is weakness here and the beginning of a trend change. In the daily and 4 hourly graph you can also see a strengthening of the sales. The trend, in my opinion, is still inconclusive, but at least to check a low level in the short term - quite logical, especially in light of these...

koolmus Updated 

Within an ascending channel, and after a breakout of the long descending channel, which it broke with high volume and a significant candle. If it corrects and is supported on the channel from the outside (and there is also a support line from the daily chart) - the target is up towards 77. Another point about the analysis: the rising triangle on the left side is...