Price has pulled back today & reached the previous lower high of the downtrend, along with the 50 fibonacci retracement & is at the previous structure support zone now turned into potential resistance. From this region here, I am looking for signs of a bearish reversal for price to resume the Current downtrend for a lower low into the key area of support
$APPL is ready for big short. . ...........................................................................................
Just Supply/Demand, QP's, Trend lines, and Price Action. NEVER forget to LOOK LEFT. When price action moves in to that RED area, the INDICES should be showing signs of weakness or already moving down.
1. Basic Rules (Filter Trend using H4 timeframe) a. Only take Long when the price is above the 50 EMA b. Only take Short when the price is below the 50 EMA 2. Check Market Structure using H4 TF a. Look for trend structure (Point A, B, C) i. Long – look for higher highs ii. Short – look for lower lows 3. Use Fibonacci Retracement tool (after trend structure and...
Us30 already gave breakout and now it's on correction phase after giving correction breakout we can see huge short free pipes💲💲
000062 seems to have finished wave (B) down of a primary contracting triangle. Wave ( C ) up will complete primary wave D of this contracting triangle. Wave C usually is a good segment to be in and the index should reach the most probable targets 1 or 1.618 of Wave (A), 2365 and 2731 respectively. FOLLOW SKYLINEPRO TO GET UPDATES.