From swing low to swing high, we can see more than 78% retracement happened. Next is swing high to swing low, that's where i marked off the golden zone so 40K is possible again.
Also with the mighty dollar approaching its supply zone and heading into retracement, the market must take advantage of the momentum, as they should.
Patience wins all.
Keep rising....
On the chart we can see a ascending triangle appearing. An ascending triangle is a bullish pattern. Enter the trade once the price breaks out to the upside.
Beside the pattern we can see that the RSI is picking up more and more momentum. So the pattern combined with the increasing momentum it´s likely that the price will go up.
All the details are shown on the...
Bullish
- Higher lows / Higher highs
- IHS formation
- Funds accumulating
- Great fundamentals
- Hot theme
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
“A winner is just a loser who tried one more time.”
Cheers and happy trading!
Hello everyone, if you like the idea, do not forget to support with a like and follow.
COTI is overall bullish and now approaching the lower blue trendline so we will be looking for buy setups on lower timeframes.
on DAILY: COTI is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to...
Buying points:
-trend line from July,15
-strong support at 51.14€
-MACD: MA lines extremely under average
-RSI: oversold
Selling points:
-all SMAs above the price
-MACD shows negative momentum
Fundamentals
-selling pressure bc of bad earnings of the gaming industry (take-two)
-seasonal summer impact -> people are more outside, fewer sales
-guidance of next...
ASX:IBG
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 30 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered into $SNE at 92.33 after its correction from $118...
Good afternoon,
First of all, please hit that like button or leave a comment! 👍
Second of all, shoutout to my counter traders you're now tapped at the top.
Third of all, we've seen 2 fake outs over the past 3 days which may result in trapping bulls and liquidating them. If you seen my last post or follow my twitter (YurloYT) you'd know I've been talking about...
Imbalances to be filled and as we do, we play institutional candle to institutional candle. This should be nice drop for the next 2 weeks if it does play out
New trading week, same goals, better results!
As always... PATIENCE - CONFIRMATION - ENTRY - PROFIT
I'm usually Neutral since I look to go with the flow of price. However, I am bearish with the DXY considering that it's repelled from my HTFZ, dropped below a PPZ, broke diagonal support and correlation through multiple time frames. My next barrier is between $95-$96 so I'll continue to track price and update as everything unfolds. We shall see.
NEVER TRADING ADVICE!
I do not trade Gold, but if I did this would be my plan. I would wait for price to reach my zone, if it's respected I would short it to the 'Golden Pocket' which happens to be right above the 200EMA. If I see everything I need/want to then I'll head further down to that 50%. If the zone is breached I'll patiently wait for a break/retest for entry.
*DISCLAIMER*...
I scaled down to a smaller time frame on BTCUSD. These would be areas of interest for me as well before I would even consider joining in on the rally.
*DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
14th Aug 2018
FUNDAMENTAL ANALYSIS
The analysis that follows in my discussion is quite deep, be prepared for some solid insight into the market for commodities, global economic analysis and the current situation of this 'trade war'. As such, I will endeavour to succinctly tie up fundamental and technical analysis to provide you with a good understanding of the...
Based on my analysis:
It's for weeks I've waited the down move (to under 6K) to occur. It happened 2 days ago .
I think we are in a real up period now for the days to come.
The price should reach 6340 then 6840 USD. These are important steps to consolidate
the up move. I've drawn these lines as green line on graph.
I don't see any other sudden fall to go back...
