Here we are waiting looking for the market to pull back into the significant zone to retest it as support and attain some convergence with it falling between or at the 38.2-61.8 fib zone. This pullback looks like it would also be wave 4 for Elliot wave analysis for even further convergence. If we get a candlestick confirmation pattern in the blue Fib area I will...
Bitcoin is moving from zone to one, it's crazy how accurate simple price action is! Let's see whether it manages to close above the 0.5 EQ for a bullish scenario...
If bitcoin closes its nxt 4h candle above this 4h OB, that would be a bullish scenario. 30 minutes left, long it or wait for the retest! if we dont close above (whole candle) I would wait for a potential short scenario.
Still below my weekly key level, also below the weekly open... I feel like a lot of people would expect a move to the downside seeing this chart. maybe the exact opposite will happen? I'm guessing it will be a big move up or down, too risky to trade imo, I will just sit this one out and try to catch the pullback...
im still practicing and this is for the better of my own education, i want to begin trading using elliot wave i took the most relative high and begin plotting were on wave 4 i believe that price can cont on to wave 5 and tp will be set at 1.28500 area
Can we break it? It looks good, let's wait for it to break above the OB, retest it and then long! Bullish trend is back
Retest of the weekly key level after we have broken the bearish trend would be really bullish. Looking for long entry here, this could go wild...
Let's see if we can get this higher high with a break above the OB, this would break the bearish trend.
Retrace to the top of the 4h OB then move up to the higher OB for a higher high? Or lower high and move down below 9000?
Rejection at the 0.5 EQ of the 4h OB, looks short term bearish to me, looking at a retest of the lower OB.
so we see that structure previously broke a 1h high and did a retest with a solid engulfing pattern candlestick: i honestly think this can be a swing trade over the course of the next 2-3 days for a strong buy: i have my stop loss in place as was and i have my targets mark we will wait and see what happens if this means trend will continue with the break or not
So i have Current market low @ 78.500 i will take this trade back at the retest and have my SL at prev market high at 78.575 which is a 7 pip sl and a gain of 250+ which is about a 2.5:1 ratio which i will take; with that being said im still waiting for it to retest this area i could have entered on the 5 min chart but i missed it so im awaiting if trades does get...
I'm trading without indicators solely based on price action with OBs and key levels. Caught the perfect entry for this one here, let's see what happens at monthly opening.
Hello there. Rejections are here. Bullish they are. Formed the Low of the Year (aka low of the month) we have. Now, after a nice daily candle close and a bullish indecision on Weekly, we might be prepared to exhaust a little bit of all this downward movement and finally head north. For a Swing Trade, I'd look for a SL around the LY and a minimum take profit area...
Price in Monthly Chart had tested the Monthly Demand area printing the long-tailed Hammer which aligns with the trendline from 2016 and 2018 Demand zone. This alone give the strong conviction for Bull run Like wise , Weekly chart perfectly re-aligns being tested the Demand zones which printed the Doji Last week.I expect the weekly112-114 area to be easily...
USDSGD currently is making a bullish compression, yesterday the price had a rejection and we anticipated that today may have a small retracement to the dotted line as to create another Higher Low (HL). If we look to the left, the previous Support now has become a Resistance, a pretty solid Resistance; it created "The Wall" and had managed to hold the prices to...
MU broke the 20sma and then broke the 50sma after a solid downtrend. Seems to be reversing. Got in on the engulfing candle on Friday.