Distribution Structure on the intraday timeframes.
Huge mark up from accumulation formation, exchange tokens are slowing down whilst money flows into the DEFI sector, majors and midcaps.
I see supply on wide spread after over extended trend, stopping action caused reaction. We had a rally in the form of an upthrust, an ST as a sign of weakness and now have an...
Hello and welcome back traders🙂.
Wti Oil has been following my analysis and has hit the first TP.
Meaning I can now bring my second position to breakeven and let the market play its course.
Good luck trader's and may this week be profitable for you all. 🙂
If you found value in my analysis dont forget to hit the like, it's much appreciated.
Before the full confirmation for the breakout, we will see a big candelstick with big volume,
so it so important to trade with TP and SL,
we will keep watching the pair, and analyse it's movement, until we get the full confirmation if it doe's,
SHOWN A STRONG RESISTANCE ON MONTHLY KEY LEVEL AND WE DID HAVE A PULL BACK TO THE UPSIDE CREATING A BEARISH FLAG
TOUCHED THE 50% MARK ON FIB AS THIS HAD BEEN RESISTING THE 50% FIB MARK 5 DAYS IN A ROW
BROKE BULLISH TREND LINE
IN A WEDGE TREND AND I WILL BE LOOKING FOR MY TP TO BE THE -27 MARK
DOUBLE TOP FORMED
TREND LINE BROKEN
BULLISH HARAMI FORMED, WE COULD LOOK FOR BULLISH MOMENTUM UP TO THE 38>20% MARK ON FIB
WAIT FOR THE CURRENT MARKET TO RE TEST SUPPORT LEVEL
TAKE TRADE IF TREND HAS SHOWN A REJECTION OFF SUPPORT LEVEL
PUT TP AT -27 LEVEL ON FIB
Last weeks weekly low has been touched and there is no sign of price going any further then that level apart from the last big wick.
Enough bullish liquidity has been created along with tons of accumulation giving us enough juice to short towards the DAILY SR.
Price is touching 20 EMA so should retrace.
daily and weekly bullish blocks have been violated whilst...