The choice is yours - you can see it any way you like.
The technical features here are:
1. Reducing peaks of squeeze momentum.
2. Recent RSI is below 50.
3. Rejection of 4H ATR line.
4. Large area of consolidation.
Caution: none of the above means that price has to crash. Just to be clear - price could well go to the moon. The technical situation in my...
It's not quite a head and shoulders just yet.
This is about watching for potential situations and preparing for them.
As I showed in other charts, sometimes we can get a a second right shoulder in ultra-bullish markets but there is no law on what can happen in these markets.
Readiness is (almost) everything.
Disclaimer: This is not advice or...
A potential kill zone is shown. DO NOT enter if you cannot lose money!
It's this simple: price below amber 4h ATR.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees...
This one to watch. For new traders its a nice one to try out on a Tradingview paper trading account.
The possible triple top is into a zone of congestion. Price may go up or it may go down - only two directions here.
All you can do is take a controlled affordable loss (aka stoploss).
This is positional play for finding a trend south on a lower time frame.
Well, it is one candle at the leading edge. We cannot know if it means anything until stuff happens. Those who look for predictions that foretell the future are in the wrong game.
In trend-following methodologies, one would ride an escalator down or up - on a smaller time frame that that shown here (to conserve losses).
When you zoom out of this chart, you see...
I show what happened after two wedge formations. Note carefully wedges do not rule the market. The create probabilities not predictions. Wedges do fail.
There is hardly ever a perfect wedge pattern. The most recent one doesn't look too great. Price can fall out of a wedge and rock back in as you will see. Therefore trendlines drawn have to be estimates.
This is an interesting position. Anything is possible. No advice is given. New traders may need to study these patterns and practice on paper trading accounts.
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any...
This is a 12H setup - like the weather - showing the case for a potential reversal south.
1 - zone of congestion in what looks like a PRZ
2 - an alternate ABCD pattern.
3 - price just below 12H ATR line.
Contrary to the received wisdom ABCD patterns do not have to be a precise pattern with a 61.8 retracement of initial limb. It can be a 78.6. In...
The 4H position on the AUS200, could be an advantagious exploit for a controlled affordable loss.
1 - The Aussies tend to follow the DJI and USTech 100.
2 - But there is usually a time lag of between 30 mins and 2 hours.
3 - The DJI did a major leg down but the Aussies barley flinched after a major bull run yesterday.
I've seen it many times, where they catch...
The current picture on the 3D time frame shows the following:
1. Price has rebounded to a 61.8 fib and is struggling.
2. The market has disallowed 6200 on four occasions.
3. Price is flattening in a structure zone.
4. The rebellion to current level has taken 5 times what it took for price to crash.
5. This is still a bear market as price has not nearly...
No loss no gain. This is a risky position, obviously.
I do not know if it will fall or head north. My estimate is for the south.
Heavy losses may be involved.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown...
Price is struggling below ATR line.
Probability south is 55% (45% for the north). How far south if it moves, is another matter.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make...
Hardly anyone looks at the Australian 200. It is one of the best indices to short.
The Aussies strangely went north at open of their market last night - when the rest of the world's indices were burning down. There is usually a significant lag between the AUS200 and the other indices, which I decided to exploit.
This morning 08:30AM 2020-04-01 it's struggling...
This is a key position. Shorting this means that one is willing to take a controlled affordable loss above the amber ATR line (there is no formula to work that out).
This is a trend following set up - so there are no targets.
ASX200 - Intraday - We look to Sell at 6680 (stop at 6700)
Afternoon gains were sold into and follow through bearish momentum resulted in the market moving lower. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Previous support located at 6646. We look for a temporary...