This is supplementary chart to my 4H chart with updated top.
BB's "fish lips". Not wise to short the metals now
Price is finishing extended 5 of large 1. Good to wait for 0.618-0.786 correction for buy/add.
Personally I think we are set to complete wave 2 of a 5 wave impulse north. My projected trajectory highlighted by the blue waves. Majorly bulled up unless we break Jan'16 low 1.93. Currently on the hunt for long entry around these levels.
1) EW analysis shows that C= 1.618 * A = 15.75 = 0.5 Fib of whole move up. We are possibly in the last 5th wave down. 2) Trendline support at 15.50 These are potential areas of demand.
(1D) COMEX:SI1! All signals point bull time. But pay attention at 16.590 (first resistence)
Must close >1,210.3 tomorrow to avoid it
twitter.com Weekly Bulletin tradewithcan.blogspot.com.tr
H4 : Watch out, we are turning off of h4 demand zone, selling opportunities must be very short-term H1: H1 original supply zone just above us 15MIN: 15min original supply zone inside of an h1 supply area, good for getting short TP: 1:1 R:R twitter.com
Target = Breakout + Flagpole = 20.44 My favorite pattern.
Simple strategy. Intraday update to my daily chart posted before.
Few days ago I talked about having some of a chop between daily resistance and daily demand zones. and that is what the market has been doing since then it is not me predicting what the market is going to do. i am just listening what it has to say twitter.com
Target reached and position closed with profit twitter.com
it is solely based on 15min original supply zone.. non-support from higer time frames. tp1: look just for 1:1
I was trailing the 15min structure by moving my stop over of each structure high once the low of previous structure violated. And stop triggered with substancial profit at the red line Have a nice one! twitter.com