Ichimoku Trend Trade Tactics (Youtube Chaos trader 63 for more info) signals downtrend. Entry set right below resistance. Strong Bear Volume. Recently bounced off the top of the large falling wedge with bearish candle confirmation.
Comment:
Heres that 15 Min chart www.tradingview.com/chart/4ylXluie/
Comment:
Just broke the 15 min fractal and closed. Good confirmation that trend will continue. A retest will be even more confirmation. Would look to add here but I am at my max and risking 2% of my account. could move move up the stop loss and add.
Comment:
Moving Stop loss down
Comment:
Just broke upwards and retested on the 15 min fractal. considering adding to short since I took small profits at last consolidation. I still think tat we are headed down and will find heaby resistance at the 4 hour Kijun which is around 6960.
Comment:
www.tradingview.com/chart/VBUOpklV/ nice looking bullish hammer on the 4 hour. Ive set limit orders to add to my position because i still think its going down. It just needs to "cool off" on the oversold regions on the RSI on tje 1 hour
Comment:
www.tradingview.com/chart/4ylXluie/ : starting to get a little worried here. If the RSI on the 15 min stays above 62 then it will signal a possible start of an uptrend.The oversold on Stoch makes me think this may just be a little bit of a retrace before heading back down. Price is also above a green cloud on the 15 min which signals bullish.
The hourly still looks okay though. Possible hidden Bear div. on RSI and approaching oversold on stoch. Also looking like a kijun bounce; will have to wait for a close to confirm.
www.tradingview.com/chart/VBUOpklV/ : also still below the kijun on the 4 hour but IDK how many more pushes it can take. There is also a Bearish TK recross posibly coming. THis would be an exremely strong bear signal.
The hourly still looks okay though. Possible hidden Bear div. on RSI and approaching oversold on stoch. Also looking like a kijun bounce; will have to wait for a close to confirm.
www.tradingview.com/chart/VBUOpklV/ : also still below the kijun on the 4 hour but IDK how many more pushes it can take. There is also a Bearish TK recross posibly coming. THis would be an exremely strong bear signal.
Comment:
Some strong consolidation here. We have a ascending triangle on the 15 minute which according to babypips is somewhat bearish. That along with the RSI never staying above 62 signals bearish too. For these reasons I think we will break down.
www.tradingview.com/chart/VBUOpklV/ >> this is the 15 min chart. I use the lagging span set to 0 to see formations more clearly
www.tradingview.com/chart/VBUOpklV/ >> this is the 15 min chart. I use the lagging span set to 0 to see formations more clearly
Currently running into 15 min resistance @ 6915 due to Kijun and recent peak during consolidation.
4 hour timeframe trade may also open up soon here. Possible Kijun bounce and I'm hoping for a bearish candle pattern to accompany that. www.tradingview.com/chart/VBUOpklV/