Each Monday I hold a private training lesson for our Transformation members and today the topic was the Combined Technical Scoring System (CTS)
During the lesson I talked to them about my personal journey & how I went from a very conservative CTS trader to someone who no longer requires a score. With that being said I've ingrained the process into my daily...
Looking on the hourly chart, we see an area of interest around the 73 even handle. It sure will be interesting to see how price behaves around this level after the market opens on Sunday night. If price continues it's march downward, a double bottom with some RSI divergence would lend quite a strong signal that it is now time to get long. A number of different...
We see that on the daily time frame, we are in some form of bearish rotation and the trend is down. You'll also noticed a head and shoulder's pattern just formed as well.
We see some neat resistance level around the 79 even handle. Should price reach this level again, an entry reason such as a double top with some divergence would be a strong reason to enter on...
