Due to my analysis you can see price has reached the top of the Bollinger band, that means price has came to a certain resistance in the market. Besides the Bollinger band price has been moving with the trend it has created, which has been bullish. Since it reached the top of the trends resistance and top of the Bollinger we will go for a sell to about where last...
The market is in the process of creating a "W". in 2017 the market has came down to this same key level and risen up and we are back here again, looks like its starting a new trend ... bullish trend. For safety will go Long to the top of the trend line and we'll see what the market will do.
Evening traders!
1D Chart
Here is a great longterm setup with possibly multiple positions that can be taken here.
Currently we have an emerging MEGA Gartley with an internal Wolf Wave confluence.
I built the Wolf Wave on a 4H chart.
With a current target of (5) with an expected 400 pip movement. This is a great opportunity for PRO or Ameture traders looking...
