Hello All ,Hope you all had an amazing day yesterday and welcome back to today's Analysis.
As usual before we proceed to today's analysis we having a RECAP! of yesterday's Market, Remember this Recap is meant to remind us on the SUPPORT and RESISTANCE levels together with DEMAND & SUPPLY ZONEZ ,Plus for those who can read PRICE ACTION Perfectly this will then give us an overview of yesterday's Market, meaning yesterday's market and Today's Market all in one post, making it easier for us to identify the KEY LEVELS instantly rather than moving from one post to another.
Yesterday's Recap!
If $1842 is broken then we can confirm seeing $1846 -53 if it's not broken then we should expect a bounce back. awaiting confirmation for the fall from $1840
'this is my last statement on yesterday's post before i slept, meaning if level $1842-43 was broken then we were supposed to see Target's $1846 and $1850-53 hit, but we didn't and i also expected a rebounce at the same level.
Today's Analysis.
If we are to see TARGET $1846-53 get HIT then we only should expect the following to happen before:-
1.Breaking of level $1843 going Up.
2.When we see an upward move from the lower bollinger band to the lower side of the upper band then a rebounce towards the upside of the middle band.(This acts as an indicator).
Otherwise the possibilities are MINIMUM for the above illustrations unless we consider PRICE ACTION as the market moves.
MY MAJOR CONCERN is a fall. why a fall ?
1. When you look into 1 hour Time Frame we can see the HANGING MAN CANDLE which was formed, this is the first confirmation of a fall.
2. If we see level $1833 get broken going down then this should act as our fall confirmation zone.
3. However to confirm this fall most accurately then we should expect level $1823-20 get broken going down.
4. If we see a move towards the lower band, then it rebounces towards the lower side of the middle band then this could show a fall possibility.
5. Looking at 4 HOUR TIME FRAME we can see our PRICE has reached a RESISTANCE LEVEL , which means there is fall expected and if not a fall then at least a RANGING MARKET(CONSOLIDATION- SIDEWAYS MOVE) should occur then we will see our fall.
Up until then DO wish you all a wonderful and profitable Day ahead.
As usual before we proceed to today's analysis we having a RECAP! of yesterday's Market, Remember this Recap is meant to remind us on the SUPPORT and RESISTANCE levels together with DEMAND & SUPPLY ZONEZ ,Plus for those who can read PRICE ACTION Perfectly this will then give us an overview of yesterday's Market, meaning yesterday's market and Today's Market all in one post, making it easier for us to identify the KEY LEVELS instantly rather than moving from one post to another.
Yesterday's Recap!
If $1842 is broken then we can confirm seeing $1846 -53 if it's not broken then we should expect a bounce back. awaiting confirmation for the fall from $1840
'this is my last statement on yesterday's post before i slept, meaning if level $1842-43 was broken then we were supposed to see Target's $1846 and $1850-53 hit, but we didn't and i also expected a rebounce at the same level.
Today's Analysis.
If we are to see TARGET $1846-53 get HIT then we only should expect the following to happen before:-
1.Breaking of level $1843 going Up.
2.When we see an upward move from the lower bollinger band to the lower side of the upper band then a rebounce towards the upside of the middle band.(This acts as an indicator).
Otherwise the possibilities are MINIMUM for the above illustrations unless we consider PRICE ACTION as the market moves.
MY MAJOR CONCERN is a fall. why a fall ?
1. When you look into 1 hour Time Frame we can see the HANGING MAN CANDLE which was formed, this is the first confirmation of a fall.
2. If we see level $1833 get broken going down then this should act as our fall confirmation zone.
3. However to confirm this fall most accurately then we should expect level $1823-20 get broken going down.
4. If we see a move towards the lower band, then it rebounces towards the lower side of the middle band then this could show a fall possibility.
5. Looking at 4 HOUR TIME FRAME we can see our PRICE has reached a RESISTANCE LEVEL , which means there is fall expected and if not a fall then at least a RANGING MARKET(CONSOLIDATION- SIDEWAYS MOVE) should occur then we will see our fall.
Up until then DO wish you all a wonderful and profitable Day ahead.
Trade active:
:
The fall that most of the TRADERS ignore yesterday is coming to life! awaiting the last confirmation. $1831 broken going down , gear up for our short Fall. i'm in already
The fall that most of the TRADERS ignore yesterday is coming to life! awaiting the last confirmation. $1831 broken going down , gear up for our short Fall. i'm in already
Trade active:
Purely considering Price Action, i can say the market is going for a retest at least to $1847-50 then after a retest on these levels we should see our fall , meanwhile we have our breakdown of the rectangle.
Once we see the RETEST at $1847-50 then we can give it a sell entry although i already have some trades running and this is a good thing because i saw this fall earlier than most of the traders yesterday.
Anyways awaiting confirmation but as of now our expectations should be the same unless otherwise.
NOTE: We can only consider change of trend from BULLISH to BEARISH when the current trend forms a NEW HIGH!
Up until then CIAO!
Once we see the RETEST at $1847-50 then we can give it a sell entry although i already have some trades running and this is a good thing because i saw this fall earlier than most of the traders yesterday.
Anyways awaiting confirmation but as of now our expectations should be the same unless otherwise.
NOTE: We can only consider change of trend from BULLISH to BEARISH when the current trend forms a NEW HIGH!
Up until then CIAO!
Trade active:
GEAR UP our Session is IN! we about to have some FUN!