Price Action Signal formed on Horizontal Resistance Level.
According to Resistance Level on 4H timeframe Divergence on 1h time frame Fibo retracement to 61% TP ans SL
AUS200 Index. 3H Chart 2H Chart 1H Chart Breakout on the 4H Chart (Enter Limit Order At Horizontal Level Price 7380.07) Retest of Horizontal Level NOTE: Look at Bull Candlestick and the EMA 10 EMA 20 Level.
After a bullish flag and break, the AUS200 has started to retrace to Support This is an interesting area to BUY as there are a couple of wick rejections at the 7380 area Using the bullish the momentum price may reject off this level again and then move to the upside to our highs. Buy @ 7380’s Stop @ 7365.1 3:1 RR
AUS200 (Watch how price responds to the trend line and exponential moving average)
Contrary to popular belief H&S in an uptrend bullish market is actually bullish. Only when there are multiple H&S or at a key area of long term resistance do they become bearish reversal, Aus200 is a perfect example of a potential reversal.
AUS200 Chart has higher lows moving into horizontal resistance level. Watch for bullish price action signals.
I believe the AUS200 is going to create a new high, it's finding support at the trend line indicated in the chart and it's clear that the risk on sentiments will continue through November.
In my own methodology I've shown in other charts that, it doesn't matter which time frame you make your money. I even showed a 3 min trend on one occasion. All this true is trend-following - which is different to following a moving average of some sort. The ATR line reacts differently to price fluctuations. The important thing is to minimise losses. This chart...
Risk not more than 2% of your capital when taking this trade!
No sleep for me tonight - and I'll be feeding on popcorn and beer! 🤣😂 Maybe a pizza or two. 🍕🍕 The set up here looks like a good short coming up. (Note the brutal disclaimers). 1. There is big trouble with Chinatown all over the world. Something about China banning shares on some American exchange - or something like that. The Dragon Index took a nose dive, and...
Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in AUS200. Trend Analysis The main...
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...