Lets make it simple !
All the asset movement are perfectly pre-planned by market makers. Our role as retail traders is to find out next move as soon as possible.
Thats why basic trader draw many lines and patterns on a small timeframe, but bigger more important overview of market is lost.
Importancy of ascending lines (for bulls control) and descending...
In acest videoclip regasiti continuarea analizei precedente, in care preconizarea facuta este indeplinita cu exactitate. Acest videoclip demonstreaza ce inseamna principiile fractale aplicate in pietele financiare
I don't like the looks of AMD approaching the top of an established descending channel, however this is also potentially a bull flag. I suspect strong sales thanks to a silicon shortage and very high demand, history shows us this channel shall be respected to a point. I will look for a price test around $94.00 before making a decision to buy long. If we bounce off...
The EURGBP has just respected a very old and solid looking support level (label A). This level has been respected four or five times since July 2016. This level suggests buying positions. The upper descending trend line (label B) suggests resistance points. Using those levels as entry and exit points with a stop loss just below the lower extended support line...
Bearish Trend could continue if we see positive NFP results for the USD, If the respected level is broken we could see a major crash in the price of Gold.
I found a fresh SD level just near the downtrendline. RSI is showing price is losing strength. Im expecting the trendline is respected and price will go down.
