My last post was a little premature. We got an inverted hammer on multiple timeframes looking like we might even get a morning star the 50 day ma might reject the deathcross and rejections can be more powerful then breakthroughs i think the bears are exhausted ! Seeing huge signs of reversal all across the board
It’s still a sell but I agree that the retrace is going; since 92$ is now become useful major support from the neckline which is located inside the low 91$ .. luckily it holds but if it breaks it can collapse further. Now for the retrace the correction part from where it’s at now ; meet 100$ area then lastly 111$ area but it’s possible can create a double or...
XDC looks like it has broke out of a 490+ day downtrend Keep it simple !!
Double tops and higher highs can be synonymous to some traders. I believe that is ok, but they both speak to different Technical Analysis. A trader who trades may not recognize the higher high as following the trend, but rejection. Where as a trader who trades higher highs may see the high as buyers pushing the market higher and will wait for a pullback. I...
This excerpt is from How To Sell Stocks Short by William J. O'Neill. He's describing his famous "follow-through day" tp confirm reversals. It's a short and sweet read with tons of chart examples. smile.amazon.com The "volume-drop-off = reversal" phenomenon might not be explicitly stated in the book, but is self-evident and demonstrated in the ideas below.
> FDA approves Pfizer vaccine (a great company, diversified, and with a PE ratio < half the S&P 500 one) *********************** Last week the US FDA approved the Pfizer vaccine, which will now be commercialized as Comirnaty. The price to earnings of Pfizer is 20, versus Moderna 50 and the S&P 500 average of 45. Pfizer is well diversified and was relatively...
Trade details are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Trade has been live since 14:00 UK time. Trade history can be seen at the foot of this trade idea too for full...
Trade label on the chart shows full details. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as...
Looks massively accumulated, wedge looks ready to breakout...Good luck.
This week ill be looking for potential buy's around 1736-1738 on condition that the market gives proper confluence such as rejections to the downside ( hammers and dojis ) I'll also be keeping an eye out for another stop hunt low( Not likely to happen but this is a market based off probability not accuracy ) My target level for this gold trade to complete my Daily...
did it quickly on mobile. be careful of reversals intraday and intraweek at the H3 spots. the targets for those are L3 or lower with stops at H4. the breakout points are,the daily and,weekly H4 break and retests. with stops at H3. targets H5 and H6. camarilla,pivots and the,CPR
hey tradomaniacs, Did you know that Wednesdays are typical for Whipsaws? Don`t ask me why, but I have observed this phenomenon a lot of times. 👉https://www.tradingview.com/x/DJQDxMBy/ In very many cases we see a direction during the london-session and then an instant reversal with the open of the Walltreet. Backtest it yourself🙏
Sell structure spotted on M15, H1, H4. Sellers targets the 61.8% rally of the M15 sell impulse
Not very bullish as you might know. Keep an eye on it and let see how this plays out...!
The chart shows it. I hid the indicators, but I'll keep an eye on it and see how 8:00 meets us. Based on price action, I see a teacup formation with a Price Reversal Zone at the top. I'm thinking about recent trends. It looks like it'll continue upward for some time, but we're in a reversal right now. If you can go a quick sell trade, you can probably try it....