So we see first that we have a break of structure on our previous low showing that we are in a bearish movement, Second we see that we are at a supply zone: Third we are at a 38.2 retracement with Fibonacci. Four we are waiting for a candlestick to form and so far we are looking like a Bearish engulfing candle. Fifth we are seeing a cross in the MACD
We have a trendline break and market structure break; Meaning we are no longer in a bearish momentum, We are now waiting for a retracement that i drew up on a 4h. We can expect it to come down and retest market structure and the trend line: With that being said we also have a Supply zone that i drew up that we can see it come down and retest. So we have to wait...
so we have a possible confluence setup, we have to wait for one or two things: One being that we come down to the 38.2 and wait for a candle stick reversal pattern or were going to break our lower high which i marked in red and we will get a reversal from there we can re measure our fib for a sell opportunity.
So if you look at my last two post you will come to understated we had multiple confluences that allowed to easily take this trade without no hesitation. One being we had a touch at the 38.2 ,twice this week on gold which easily confirms that we can ride this up to the 2.6 without having to second guess. Two being we are in a strong Demand zone in a bullish...
Again Keeping it simple . Boeing or no Boeing, the trend is your best friend. 1. DJ:DJI is respecting market structure. Previous Price Action area is acting as support 2. FIB areas are also respected heavily, which are also turing out to be Cloud confluence areas 3. Please note the Symmetrical Triangle bearish breakout. Also the upper Trendline has been...
Hi everyone. This is crude oil road map for the major upcoming swings. As you can see most important zones marked on the chart. Keep watching false breaks inside the zones and take advantage whether you are bullish or bearish. Best of luck :-)
AUDCAD LONG - Formed an INVERTED HEAD AND SHOULDERS - Retesting and wicking off the T RENDLINE & 61.8% FIB zone - 4 hour shows bullish candles JOIN us and learn! :) #PipKings t.me
SELL the breakout cancel if it breaks 1.4190