We have a great spot to watch for price action for trades varying many time frames. We are specifically highlighting the 90 min TF here and some potential thoughts that can drive both the shorter and longer term swings. (disclaimer blah blah- not financial advice, just some thoughts and opinions-always a path to learning and growth- an ADVENTURE! Remember that and tread carefully) LET ME KNOW YOUR THOUGHTS AND COMMENT/SHARE LIKE! ENJOY!
Watch the closing of this candle in ~1 hour
Break above the green cloud-
* Shorter term swing momentum trade could be taken here, but Stoch RSI is showing overbought with blue line on verge of crossing down over red (area to watch)
*A break above the Yellow Camarilla level would be safer entry- TP up at the blue dots ~38700 area as noted.
*Scalping TP could be at green dots
*Tight stop loss due to RSI- watch and zoom out other levels for further confirmations
Rejected at cloud
*Short term swin short could be entered
*TP either the 23.6 FIB levels or bottom of red cloud ~31250 levels as noted
BROADER PICTURE
FIB LEVELS NOTED
WATCH GOLDEN ZONE 61.8 or ~26,666 levels for potential buys on a broader swing correction (IF IT WERE TO OCCUR). This is based on 300 periods
WHAT DO YOU THINK?
BE SAFE AND ALWAYS USE RISK MGMT!!! TRADE YOUR IDEA AND YOUR TIMEFRAME. ZOOM OUT FOR BROADER CONFIRMATIONS
ENJOY- LIFE IS SHORT
Watch the closing of this candle in ~1 hour
Break above the green cloud-
* Shorter term swing momentum trade could be taken here, but Stoch RSI is showing overbought with blue line on verge of crossing down over red (area to watch)
*A break above the Yellow Camarilla level would be safer entry- TP up at the blue dots ~38700 area as noted.
*Scalping TP could be at green dots
*Tight stop loss due to RSI- watch and zoom out other levels for further confirmations
Rejected at cloud
*Short term swin short could be entered
*TP either the 23.6 FIB levels or bottom of red cloud ~31250 levels as noted
BROADER PICTURE
FIB LEVELS NOTED
WATCH GOLDEN ZONE 61.8 or ~26,666 levels for potential buys on a broader swing correction (IF IT WERE TO OCCUR). This is based on 300 periods
WHAT DO YOU THINK?
BE SAFE AND ALWAYS USE RISK MGMT!!! TRADE YOUR IDEA AND YOUR TIMEFRAME. ZOOM OUT FOR BROADER CONFIRMATIONS
ENJOY- LIFE IS SHORT
Comment:
Also want to make sure I point out the ALL TIME HIGH LEVEL TO WATCH AS WELL. For those waiting for better confirmation for a swing long, you could wait for it to break and close on the green Camarilla level, then you could trade up to blue or beyond depending on your style. Just a thought, not advice. LIKE?
Comment:
Comment:
If you were watching, you could be in a long already. A scalp play up to the all time high made most sense if you are trading short time frames with leverage.
I'm working on risk mgmt and STRONG SIGNAL trades. For a longer swing entry, I'm waiting for confirmation of closing above that ATH, which should then propel things towards the 40k.
If hard rejection, pullback can still happen along with sideways.
Pick your time frame and trade it. Make sure you the timing and goals line up with the timing of your objectives. ENJOY
I'm working on risk mgmt and STRONG SIGNAL trades. For a longer swing entry, I'm waiting for confirmation of closing above that ATH, which should then propel things towards the 40k.
If hard rejection, pullback can still happen along with sideways.
Pick your time frame and trade it. Make sure you the timing and goals line up with the timing of your objectives. ENJOY